The latest comments from Dallas Federal Reserve President Richard Fisher at the House of Finance in Frankfurt, Germany would have been considered blogosphere doom & gloom and fear mongering just a couple of years ago:

The U.S. debt situation is at a “tipping point,” Dallas Federal Reserve Bank President Richard Fisher said on Tuesday, and urged the U.S. central bank to refrain from any further stimulus measures.

“If we continue down on the path on which the fiscal authorities put us, we will become insolvent. The question is when,” Fisher said in a speech at the University of Frankfurt.

Fisher, seen by economists as one of the most hawkish policymakers within the Fed, said that although debt-cutting measures would be painful, he expected the U.S. to take the necessary actions.

“The short-term negotiations are very important. I look at this as a tipping point.”

He said the U.S. economy was now growing under its own steam, but voiced his concerns about building global inflation pressures and said it was now time for the central bank to stop pumping out extra support.

“The Fed has done enough, if not too much, and we should do no more.. In my opinion no further accommodation is necessary after June either by tapering off the bottom of treasuries or by adding another tranche of purchases outright.”

…

“The real question is when do we stop accommodation.”

“We need to continue to discuss the exit policy… but before you can tighten you have to stop accommodating,” he said.

Read More: http://www.shtfplan.com/headline-news/dallas-fed-president-warns-us-debt-situation-at-tipping-point_03222011

@Katheryn: If we do a little digging we will find out that the Federal Government is a tranch of Rome and so are the Multinational banks, Wall Street/NYSE/EURONEXT, the Multinational Corporations, MERS, the U.N,/NEW WORLD ORDER THE FEDERAL RESERVE. They have infiltrated and HIJACKED AMERICA. OUR U.S. CONSTITUTION OVERRULES THEM and THEY HATE THAT. GOD BLESS AMERICA. EURONEVER!!!!!!!!!!!!!!!!!!!!!!!!! National Sovereignty will prevail in the greatest nation on earth THE UNITED STATES OF AMERICA!!!!!!!!

Hi Marilyn! You are right, about that birthdate thing. Myself, my husband and my kids all add up to 111. Now that is incredible.

@Marilyn Abdilla: On 1/11/11 at 11:11 there was a moment of silence lead by Obama for the Arizona shooting victims. On 2/11/11 Mubarak stepped down as President of Egypt. On 3/11/11 The Japanese earthquake. Please let me know what your cousin uncovers. Seems like we are always connecting the dots nowadays. The #11 is supposed to have an important meanining to those hiding behind the scenes of everything. I don’t believe in coincidences. I think they are important signs. I read on a website that biblical scholars have calculated the day of Jesus birth as really being on 9/11.

Yeah and next year everybody in the world will equal 112 and the next year everybody will equal 113, then the next year 114 and so on and so on.??????

I vent…I need to know the 3 dates (this year) that show the 11’s…..and what happened on those days..I know this has nothing to do with this article but this is a ‘ special ‘ year based on 11’s …add your age this year and the last 2 digits of the year you were born…everyone will equal 111. I was sent this info from a cousin in Michigan and it tells what all this means. I guess it only happens like every 800 plus years….no wonder I never heard of it…LOL But my cousin wants that 11’s info you sent to me in a comment…..thanks..will appreciate it.

Yes, this man was a pillar of hope…a shock to hear of his death. BUT….one has thoughts……need more be said.