Resignation of David Walker, the Most Important Economic Indicator of Things to Come: Fall of Rome

There have been a few major economic events in the last few years, but I consider the resignation, in March 2008, of David M. Walker from his commission of Comptroller General of the United States and head of the Government Accountability Office to be the harbinger of what is to come.

Walker resigned 5 years before the end of his 15-year term expired. His reasons for resigning were that he was limited to what he could do and that the United States was in danger of collapsing in much the same manner as the Roman Empire…

For months before his resignation he traveled the country educating Americans about the financial crisis and the pending bankruptcy of the United States.