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Economist Richard Duncan: Civilization May Not Survive 'Death Spiral' (WOW!)

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-12 07:31 PM
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Economist Richard Duncan: Civilization May Not Survive 'Death Spiral' (WOW!)
That may be the most depressing headline I have ever seen--and that is going some.


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


<snip>


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

<snip>

"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.

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.

"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.


Much more: http://moneymorning.com/ob/economist-richard-duncan-civ... /


That may be the most depressing headline I have ever seen--and that is going some. Is this Republicans saying the sky is falling in hopes of defeating Obama or is this real?

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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-11-12 07:42 AM
Response to Original message
1. If they were truely concerned
about the deficit they wouldn't be happy to continue the lowest tax rates in 60 years and they would not be happy to continue outspending the entire world on the bloated U.S. military. So I must call bullshit.

Hell, FICA contributions have propped up the government. The social security trust fund is the single largest creditor to the United States government. Yet to hear the Republicans tell it social security is responsible for the entire debt. They are just liars because they do not want to honor their debt to American citizens. Honoring the debt to foreigners is okay but not American citizens. Just fucking amazing.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-11-12 09:48 AM
Response to Reply #1
2. Yes, FICA has come in very handy for the sticky fingered politicians, but
none of whom wants to raise taxes or cut spending. However, you would never know that by listening to the elected officials of either Party these days. GBMA ("Grand" Bargain, my ass.)

As to lowering taxes for the rich, aka job creators still more, as we all know, the Republicans have lied that, er, I mean, explained that, away many times. What they have not explained yet is how raising taxes on people who have to work to put food on the table, aka purchasing class, helps the economy. (One of the better lines of this campaign so far: It's Robin Hood in reverse. It's Romneyhood.)

But, I am sure Republicans will find a way to rationalize that that away before November.
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-11-12 09:51 AM
Response to Reply #1
3. I second that call of BS! raise the damned taxes on the wealthy...n/t
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-11-12 10:08 AM
Response to Reply #3
4. But, we tried that and it didn't work. Oh, wait......Yes, it did. It worked beautifully.
What didn't work was the tax cuts for the rich that are still in effect.

I always get "worked beautifully" and "epic fail" mixed up.
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-11-12 10:44 AM
Response to Reply #4
5. yes, they're so similar! lol...
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-11-12 11:27 AM
Response to Reply #5
6. Wow! That was fast sloganeering bumper sticker making, DD! I am in awe!
Bush's comeback team!

it!

And so quickly, too!

Wow! Kudos!
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-11-12 11:32 AM
Response to Reply #6
7. ;) ty, kindly. n/t
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-12-12 11:24 AM
Response to Reply #7
8. More than welcome. Well deserved.
I never flatter folks. Would not be able to live with myself if I did.

I just tell the truth and they think it's flattery.

(Harry Truman, on the battle cry, "Give "em hell, Harry:" "I never gave anybody hell! I just told the truth and they thought it was hell.")

He was far from perfect. No president has been perfect, even Washington and Lincoln. But, I do like a lot of Harry's quotes.
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-12-12 03:58 PM
Response to Reply #8
9. love that quote of his! :) thx n/t
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