Economist Richard Duncan: Civilization May Not Survive ‘Death Spiral’!

Warning: Much of what you are about to view has been presented to the United Nations, 16 world governments, and to Fortune 500 companies… but never to the general public. A team of economists, scientists and geopolitical experts has uncovered a startling pattern that has mysteriously appeared and threatens your financial security and way of life!

• Global economic, financial and currency collapse is coming! Aug-Oct 2012?? (Note: I do not subscribe to the peak oil theory in the above video. Oil is abiotic. Big Oil is controlled/owned by the power elite. They create the artificial scarcity to further their agenda.) Emphasis mine:
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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.
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  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.”
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  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.
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  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?
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  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:
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  “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.
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  “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.”
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  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.
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  “What  this pattern represents is a dangerous countdown clock that’s quickly approaching  zero. And when it does, the resulting chaos is going to crush Americans,”  Fitz-Gerald says.
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  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.
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  “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.
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  “It’s  a pattern that’s hard to see unless you understand the way a catastrophe like  this gains traction,” Dr. Moors says. “At first, it’s almost impossible to perceive. Everything looks fine, just like in every pyramid  scheme. Yet the insidious growth of the virus keeps doubling in size, over and  over again – in shorter and shorter periods of time – until it hits  unsustainable levels. And it collapses the system.”
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  read more!

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