Financial Experts: August 1st Economic Collapse; Economic Death Spiral

[link to moneymorning.com]

A noted economist warns that the United States' massive debt bubble has now taken the country to the brink of a "New Great Depression." One so severe it could end civilization as we know it.

A pretty serious statement. But is there any truth to it?

Speaking on CNBC, Richard Duncan, chief economist at Black Horse Asset Management and formerly of the World Bank, says America's $16 trillion federal debt epidemic has escalated into a "death spiral."

Yep, the Dow will go up today because the bankers have been promised their corporate welfare. However, that will end and then what?

Full moon doom

What signs do you see around Tulsa?

"Black Horse Asset Management"
Black Horse...

When the Lamb opened the third seal, I heard the third living creature say, "Come and see!" I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, "A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!"



Why would an Asset Management company name itself after an entity known for causing famine and hyperinflation... unless this is all planned...

He is right!

People are so stupid and ignorant of what is coming. All they care about is TV and other BS.

I live this shit everyday.

Tomorrow huh? I predict another failed prediction.

Enough chicken little shit. No sudden cash coming, instead we'll slowly become more like a 3rd world economy.

nothing new here move along.

Beautiful moon last night in Boston. Full moon tonight. Cops will have their hands full.

It ends not with a bang, but a whimper.

We're well on our way.

Ding ding ding! QE3 incoming!

Yes, lets kick the can down the road just a little bit further....

The weeks announcements:- Personal Income and Spending tomorrow along with Chicago PMI and Consumer Confidence; Construction Spending and the FOMC rate decision Wednesday; Initial Jobless Claims and Factory Orders on Thursday; and the monthly Unemployment Report on Friday.

On a long enough time line... it's all MAD MAX in the end.

Sell your stocks

Around here its the same thing....don't feel like the lone ranger.
Wouldn't want to be them though, unprepared mentally because as it comes known to them, alot are going to go off the deep end!

if you're lucky.

No cash coming for sure

yeah. you got the cars and the guns.Now you just need the mad max fashion statement.

All the world will be left with is Mel Gibson and Tina Turner.

LOL!

When are all you 2nd Amend fucktards going to battle wiff ur gunnzzzz for your freeeduuums?????!!!

I thought the 2nd Amen was supposed to prevent the gov't from this tyranny, eh? Well, how come they're not scared of the HUNDREDS OF MILLIONS of armed US citizens??

How come they still take your liberties like this with the LARGEST ARMED CITIZENRY THE WORLD HAS EVER KNOWN??

You know why they still can --- because the 2nd Amend = BIG, FUCKING, EPIC FAIL!!!

Does anyone really still own stocks these days?

That old "Buy and Hold" went out the window back in 2008, even though I never believed in buy and hold myself at anytime.

Was about to say the same thing, it was beautiful.

...Tis Lammas Day tomorrow too!!

...(and we have a blue moon, as in 2 full moons in one month - 1st Aug and 31st Aug! hence the term 'once in a blue moon, as this is not a common event - wink wink )

This why. Can't fight Tyranny when you need help to wipe your own arse.

Cool...I really like the moon..:) And a blue moon is special!

Speculation and it's pinned?