Doug Ross @ Journal:
Although he didn’t mention the “Cloward-Piven Strategy” by name:
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.
The cracks in our society are appearing more and more frequently.
…meanwhile, the bailout bernanke bubble in equity prices is expanding well beyond “irrational exuberance.” When these things pop, there will be no place to hide.
Fortunately for our young ladies, China is ”short” the number of women equal to the entire population of Canada!
IF we can get these ladies to sell themselves rather than a war where they get ”taken,” we could possibly survive as a separate nation as opposed to a slave state inside Chine’s empire.
…..Ducks shoes.
Just a thought.
LOL.
Get over it folks.
Deficits don’t matter to the entitled or privileged — a majority.
Deficits and Debt only matters to those who have money and wealth — a minority.
The liberal/progressives’ economic plan since Obama was elected has been to patch up the balloon and inject more and more air into the bubble.