and it’s not the Love Train, the Soul Train or the Midnight Train to Georgia. And it doesn’t matter whether Romney or Obama gets elected. They are both on the same (1%) team, and both are part of the problem.
..So the questions remain: Is the threat of collapse for real? And if so, when?
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.
Click here to see how banks are escalating the collapse… “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.” …
Editor’s note: Germany’s military held a secret investigation into this unsustainable pattern and concluded it could lead to “political instability and extremism.” Details here
According to polls, the average American is sensing danger. A recent survey found that 61% of Americans believe a catastrophe is looming – yet only 15% feel prepared for such a deeply troubling event.
Fitz-Gerald says people should take steps to protect themselves from what is happening. “The amount of risky financial derivatives floating around the globe is as much as 20 times size of the entire GDP of the world,” he says. “It’s unsustainable and impossible to unwind in any kind of orderly way.” …
http://moneymorning.com/ob/economist-richard-duncan-civilization-may-not-survive-death-spiral/
Related:
Did he or didn’t he? ECB president Mario Draghi promised “whatever it takes.” Great expectations arose. August 2 was D-Day.
Fizzle followed sizzle. Bazooka plans stalled. More on Draghi’s pronouncement below and what it means.
Europe’s economy is broken. Monetary intervention solved nothing. Core problems fester and grow. Contagion spreads everywhere. Effective solutions are absent.
Bankers are prioritized over sound economics. Western policy makers march to the same drummer. Ordinary people suffer. Poverty, unemployment, and deprivation grow exponentially. Nothing ahead looks promising…
Speak Your Mind