A Big Meteor Has Hit the Earth. Don't We Care?

The underlying source of the economic meltdown is the mountain of debt that has buried us, and to resolve the crisis we must "Federalize the Fed, Grow with Greenbacks."

It gets your paranoia going to see our money system and the unpayable debt it has induced getting no notice in the press, no comment from the talking heads bloviating on television.  All their talk is beside the point, all about "left wing/right wing" political splits and attitudes, progressives reacting to Obama’s "centrism" and his attempts at "bipartisanship".

How much sense would such commentary make if it were in reaction to an earth-destroying meteor hurtling toward us from outer space? Would the news be all about Libertarians and Republicans arguing against "big government intervention", and urging tax cuts? Would it be cast as a "left/right" issue?

Fact is, the earth HAS been hit by a big rock--the mountain of unpayable debt that is crushing the world economy.  And we have a money and banking system that REQUIRES debt to keep increasing forever, an impossibility obvious to any high school student.

To get the economy moving again, we MUST issue Greenbacks and move to full reserve banking, and will probably have to do widespread debt forgiveness as well. 

Where is the discussion about this?  Where IS “The New Thinking on the Economy?” Why don't we see articles written by Stephen Zarlenga or Ellen Brown?

Even Dean Baker, who is right about so many things, thinks it is OK for the Fed and the banks to issue all our money under a system requiring debt to increase forever, as long as its done "transparently" and with "proper regulations".