Depression could cause secession

Kurt Hartman at the Financial News blog speculates on what could happen following a period of depression. While he dwells a bit too much for my liking on Igor Panarin's prognostications; they do make some interesting and valid points. First, that the American Revolution was a secession from the British Empire; second, that inequitable distribution of income provides incentives to secede; third, that there are significant differences in social and moral philosophies between Washington and many of the states; and finally, that the U.S. military and the national debt are both overextended and are not sustainable at current levels.

Mr. Hartman concludes:

I do pray the US can find a way out of the fix it finds itself in. I don't see it happening, however, simply based on the record of Gerald Celente, Peter Schiff, and other people who refuse to sugarcoat our crises. Darker days are ahead, and President Obama will need more than symbolic comparisons to Lincoln to maintain the Union as it currently is. He will have to wield vast Federal power with impunity in order to keep the general populous on short leash. A relatively young nation stands at the crossroads yet again. Who knows what form it will take next, or what form of rule we will end up with?

It is up to us, the people, to rescue our liberty from the wreckage.