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Economist Richard Duncan: Civilization May Not Survive 'Death Spiral'
By Terry Weiss, Money Morning

Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Mgmt., says America's $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 doesn't "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 Reagan's 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 hasn't 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 they're 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.

This presentation shows how banks are escalating the collapse...
"And what's really disturbing about these findings is that the pattern isn't limited to our economy. We found the same catastrophic pattern in our energy, food, and water systems as well."

http://moneymappress.com/pro/Pyramid0712MMR2Y.php?code=PPYRN908&n=PYRAMIDMMR12EADMMP&utm_source=outbrain&utm_medium=ppc&utm_term=top&utm_content=small%2Bvideo&utm_campaign=death%2Bspiral

Вярно е ама малко и злоуподребяват за драма.
Викат че кризата била тоз път различна от V форма. Демек не можем от дъното на Vтo да се качим до върха , щото нямало оттърване понеже било сичко до сега грешно.
Същото се отнасяло и за Европа. Италия никога нямала страхотна икономика ама се накaкси се оправяла с понижаване на цени и повече туризъм.
Там в Европа според многото икономисти Германия е в основата на проблема. След като имали спад в ръстежа си решили да си направят евтини заеми ма нали са на една пара , Гърция,Испания, Италия почнали да заемат като невидели подобно на американците. И накрая сички са нахендрени.
И май на световен мащаб дефолт ши има. Евро съюза ши го отнесе здраво. За сяка страна различна политика. Тагава къф съюз e то кат тукашната НАФТА стана.

Тукашната НАФТА-МАФТА големо менте ...
А ф сфетовен мащаб дифолт има ВЕЧЕ ...