We’re going down: Democrats soon to be warning about “extremist economists”

by Tim Condon

Why is that? Because many knowledgeable people are beginning to blow the whistle on our current spending insanity. Such as…

Dr. Laurence Kotlikoff, professor of economics at Boston University: “The situation is getting worse and worse and worse.  We are running a massive six decade Ponzi scheme, and it’s coming to a real threatening point. It’s $222 trillion.  Last year it was $211 trillion…We are actually in worse shape than any developed country….Ben Bernanke is playing with fire here because we could have a tripling of the price level.” Read it all HERE.

Economist John Williams, founder of ShadowStats.com: “If we have hyperinflation, which I see coming not too far down the road, that would be so disruptive to our system that it would result in the cessation of many levels of normal economic commerce, and that would throw us into a great depression, and one worse than was seen in the 1930s. I am talking something like you saw with the Weimar Republic of the 1930s. There the currency became worthless enough that people used it actually as toilet paper or wallpaper….Our system, with its heavy dependence on electronic currency, in a hyperinflation would not do well. It would probably cease to function very quickly. You could have disruptions in supply chains to food stores. The economy would devolve into something like a barter system until they came up with a replacement global currency.” Read all about it HERE.

Greg Mannarino, author of The Politics of Money: “The global debt bubble is the biggest in all of mankind, and every single one has burst in the past….People are going to suffer on a Biblical scale….People are not going to be able to acquire basic resources….I am certain we are going to see violent crime erupt on a global level.” Read it all HERE.

Gee. But as the Democrats say, “They’re all just extremists.” Pay no attention to them. Pay no attention at all….

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