is falling? Economist Richard Duncan: Civilization May Not Survive 'Death Spiral' - Money Morning

The sky is falling?

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."

And Duncan is not alone in warning that the U.S. economy may go into a "death spiral."

Could be and there will be no place to hide.

Economist Richard Duncan: Civilization May Not Survive 'Death Spiral' - Money Morning