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 surviveit.”
And Duncan is not alone in warning that the U.S. economy may go into a “death spiral.”
Say NO to pyramids!!!