Do you mean saving triggered recession?!... That is laughable. That is nonsense, of course. Statistics clearly show savings rate is currently at its historical bottom!

As matter of fact, it is just the opposite. It is the brainless hyper consumption encouraged by mass hysteria, based on ever increasing debt levels during last 40 years, that caused distortions and bubbles in the economy. You can't inflate bubbles for ever. There always comes a moment when they burst.

By the early 1970s, as the costs of the Vietnam War accelerated inflation, Richard Nixon canceled the direct convertibility of US dollar to gold. Gold standard was canceled and the world entered the era of pure fiat money. Since then economy entered into downward spiral of vicious cycles. To sustain such a 'model' growth was needed at any rate! But... consuming more things you don't actually need is not growth, because they do not positively contribute to your physical, intellectual or mental condition!

So, what do you do to show there is growth when there is no growth? You start by changing statistics methodology to hide the unpleasant truth. When this is not enough, you start printing more money under the pretext of 'stimulating' the economy. You can use 'jerking' if you like instead of 'stimulating'... Does 'jerking' the economy actually change something? Next step is to artificially decrease the price of oil on relative base. Everything around us is OIL! By decreasing the price of oil you are again 'jerking' the economy. So, you press OPEC countries to increase oil production. But what do you do when easy oil is gone? What do you do when oil producers need to invest $80 to pump and ship 1 barrel of oil? This is where your rosy dreams and wishful thinking collides with the crude reality of a consumer based economy!

Of course, we all know what followed. Next step is to export 'democracy' on board of battle ships and planes to 'easy' oil countries you don't control like Iraq and Libya. What is the next oil pie that needs situation with human rights improved? Iran, Venezuela or Nigeria?!

It is high time our economy be changed from consumer based to resource based.

Again, that is laughable. Do you mean people will prefer to walk without cloths or shoes and die of thirst or hunger just to save their money?! Resource based economy means people will buy only those things they actually need. They will not be forced to buy things today just because their savings will be valued less tomorrow. It shouldn't be difficult to understand this! Monetary inflation is just another tax imposed by governments. A tax that is not defined by law. A tax they can change at their own discretion to serve their own hidden agenda. No, thanks. I don't need such a tax!