Economist: Civilization May Not Survive íDeath Spiralí
2012-09-12 0:00

By Terry Weiss |

Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Mgmt., says Americaís $16 trillion federal debt has escalated into a "death spiral, "as he told CNBC.

And it could result in a depression so severe that he doesnít "think our civilization could survive it."

And Duncan is not alone in warning that the U.S. economy may go into a "death spiral."

Since the recession, noted economists including Laurence Kotlikoff, a former member of President Reaganís Council of Economic Advisers, have come to similar conclusions.

Kotlikoff estimates the true fiscal gap is $211 trillion when unfunded entitlements like Social Security and Medicare are included.

However, while the debt crisis numbers are well known to most Americans, the economy hasnít suffered a major correction for almost 4 years.

So the questions remain: Is the threat of collapse for real? And if so, when?

A team of scientists, economists, and geopolitical analysts believes they have proof that the threat is indeed real - and the danger imminent.

One member of this team, Chris Martenson, a pathologist and former VP of a Fortune 300 company, explains their findings:

"We found an identical pattern in our debt, total credit market, and money supply that guarantees theyíre going to fail. This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible.

"And whatís really disturbing about these findings is that the pattern isnít limited to our economy. We found the same catastrophic pattern in our energy, food, and water systems as well."

According to Martenson: "These systems could all implode at the same time. Food, water, energy, money. Everything."

Another member of this team, Keith Fitz-Gerald, the president of The Fitz-Gerald Group, went on to explain their discoveries.

"What this pattern represents is a dangerous countdown clock thatís quickly approaching zero. And when it does, the resulting chaos is going to crush Americans," Fitz-Gerald says.

Dr. Kent Moors, an adviser to 16 world governments on energy issues as well as a member of two U.S. State Department task forces on energy also voiced concerns over what he and his colleagues uncovered.

"Most frightening of all is how this exact same pattern keeps appearing in virtually every system critical to our society and way of life," Dr. Moors stated.


Read the full article at:

Tune into Red Ice Radio:

Bill Still - Hour 1 - The Money Masters & The Secret of Oz

Birgitta Jonsdottir - Financial & Political Update from Iceland

William Dean A. Garner - Hour 1 - World Control, Gold & The Jesuits

Tracy Twyman - Alconomics, Money & Magic

Ellen Brown - The Web of Debt & The Manufactured Financial Crash

Joseph P. Farrell - Babylonís Banksters, Nazi International & Global Finanical Blackmail

Jim Marrs - Trillion-Dollar Bailout Conspiracy, American Revolutions & Wikileaks

Joan Veon - G20, Global Credit Crisis & Public-private Partnership

Related Articles
Moodyís cuts EU outlook to Ďnegativeí
Barroso unveils European banking union
Europe unveils banking union plan to tackle crisis

Latest News from our Front Page

Sweden to give over 8 million euros to Turkey for "refugee deal" - Europe to give three billion euros total
2015-12-01 1:44
Prime Minister Stefan Löfven announced on Sunday that Sweden would contribute to a joint action plan agreed by nine EU nations designed to limit the number of refugees arriving in Europe via Turkey. The deal came after the German Chancellor Angela Merkel held a surprise summit in Brussels involving the leaders of nine countries including Sweden, France and the UK. The European ...
Swedish woman raped by "refugee" refuses to report it because she feels sorry for him
2015-12-01 0:12
Victim sympathized with rapist's "difficult situation" A Swedish woman who was raped by an Iraqi ‚Äúrefugee‚ÄĚ on a train initially refused to report the incident to police because she ‚Äėfelt sorry‚Äô for her attacker. The incident occurred on a night train between Ume√• and Sundsvall back in October. The Iraqi refugee was traveling back to Sweden because he was unhappy with the ...
ISIS Oil Trade Full Frontal: "Raqqa's Rockefellers," Bilal Erdogan, KRG Crude, And The Israel Connection
2015-11-30 21:56
"Effectively, we have been financially discriminated against for a long time. By early 2014, when we did not receive the budget, we decided we need to start thinking about independent oil sales‚ÄĚ --  Ashti Hawrami, Kurdistan‚Äôs minister for natural resources In June of 2014, the SCF Altai (an oil tanker) arrived at Ashkelon port. Hours later, the first shipment of Kurdish ...
Prosecutors ban Soros Foundation as 'threat to Russian national security'
2015-11-30 21:04
The Russian Prosecutor General’s Office has recognized George Soros’s Open Society Institute and another affiliated organization as undesirable groups, banning Russian citizens and organizations from participation in any of their projects. In a statement released on Monday, prosecutors said the activities of the Open Society Institute and the Open Society Institute Assistance Foundation were a threat to the foundations of Russia’s ...
Israeli Colonel Caught with Islamic State (IS) Pants Down
2015-11-30 21:11
This was definitely not supposed to happen. It seems that an Israeli military man with the rank of colonel was ‚Äúcaught with IS pants down.‚ÄĚ By that I mean he was captured amid a gaggle of so-called IS‚Äďor Islamic State or ISIS or DAESH depending on your preference‚Äďterrorists, by soldiers of the Iraqi army. Under interrogation by the Iraqi intelligence ...
More News »