Will Obamanomics End Civilization As We Know It?

Civilization May Not Survive 'Death Spiral'

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."

I mean, who needs civilization anyway; we can all wander around the the streets of New York, eating rats, and making clothes out their hides.  Throw a few squirrels and cats in the pot too and you're really living high on the hog.

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.

The government may go broke, but we'll all be OK right? We'll just cancel all the debts and start over with a new dollar, right?  One worth a tiny fraction of the current one.  Any ant who ever saved anything will be screwed, but the grasshoppers will still be jumping around, at least until winter.

"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."

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

Water, energy, they're so bourgeoisie.

"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."

The only good thing about these predictions is that they're made by economists; who have a terrible  reputation for accuracy.  Still, having a little gold and lots of guns and ammo (and possibly even reloading equipment) might not be the worst investment.