Economist Richard Duncan: Civilization May Not Survive 'Death Spiral'

Economist Richard Duncan: Civilization May Not Survive 'Death Spiral' - Money Morning: "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 survive it.""