Page added on July 10, 2013
In today’s video, Richard Duncan author of ‘The New Depression’ explains how a four decade long expansion of 50 trillion dollars in credit will collapse civilization in less than 10 years.
14 Comments on "New Great Depression Will Collapse Civilization"
Ricardo on Wed, 10th Jul 2013 11:19 am
Civilization will be lost sooner than it should because of the rising tide of color, jewish owned federal reserve, and cultural marxism.
rollin on Wed, 10th Jul 2013 12:30 pm
So Obama and the houses need to get some white hats and ride to the rescue, save civilization, keep the ball rolling. Might work till about 2030, no later.
Problem is, all those really rich bad guys make their big moves during a depression, so they have great incentive to create one. Of course this one will be different kind of depression and may have a very long tail.
Beery on Wed, 10th Jul 2013 12:59 pm
Ricardo, you’re a moron.
Charlie Bucket on Wed, 10th Jul 2013 1:23 pm
Ricardo, thanks for the laugh you numbskull.
Arthur on Wed, 10th Jul 2013 2:27 pm
Collapse Guy Richard Duncan, the Mother of all Doomers, has apparently returned from the Olduvai Gorge:
http://en.wikipedia.org/wiki/Olduvai_theory
Oh wait, at 1:57 the DAX is shown with a value of 6556. This must be a video of late 2008, shortly after the Lehman debacle.
And at 7:10 Duncan is pleading for large scale government investment programs for renewable energy. It looks as if he has abandoned somewhat his die-off view of things. Maybe he found his Lucy. 😉
BillT on Wed, 10th Jul 2013 3:33 pm
Guys, just ignore Ricardo. Maybe he will go away.
CivicAg on Wed, 10th Jul 2013 4:09 pm
Well, unless comments like Ricardo’s a “moderated away” the site’s reputation, and thus its place in the conversation on energy descent, will drift downward. Playing the “Jewish bankers” card has done the same elsewhere on the web.
Granted censorship is dangerous slope if not handled well, but less dangerous that losing our voice in this debate.
rollin on Wed, 10th Jul 2013 4:47 pm
Arthur, I think you have your Richard Duncans mixed up. One is an engineer (Olduvai Theory) and this one is an economist.
DC on Wed, 10th Jul 2013 4:59 pm
Im curious, what is….cultural marxism exactly?
Arthur on Wed, 10th Jul 2013 5:10 pm
@DC: cultural marxism=political correctness.
Best intro: http://www.youtube.com/watch?v=EjaBpVzOohs
Bill Lind ironically and involuntary illustrates the power of PC by calling the most prominent members of the Frankfurter Schule ‘Germans’.lol
@rollin. You are porobably correct. From amazon.com “Since beginning his career in Hong Kong in 1986, Richard Duncan has served as global head of investment strategy at ABN AMRO Asset Management in London, worked for the World Bank in Washington D.C., headed equity research departments in Bangkok and consulted for the IMF. He is now chief economist at Blackhorse Asset Management in Singapore.”
Ricardo on Wed, 10th Jul 2013 5:11 pm
The self flagelation of the proper ethnicity, guilt, the inmense desire to integrate third world races into the western civilization, Socialism to say the least.
Bill, be more respectful for the people who pay taxes and your pension to keep your worthless ass on the Phippines.
Arthur on Wed, 10th Jul 2013 6:58 pm
@rollin, here is the other Richard Duncan:
http://www.youtube.com/watch?v=LWCQ9MDxOaw
He is real hard core doomer stuff.
J-Gav on Wed, 10th Jul 2013 7:56 pm
This particular Richard Duncan is correct when he says we can expect another depression. I’m less convinced that a new world-wide depression will put an end to civilization (or perhaps he only means our particular brand of same). And even less convinced when he goes all out for technology saving the day, humanity, the planet and the universe …
RicardoT on Wed, 10th Jul 2013 9:18 pm
BillT lives in the Philippines because pinay girls offer cheap, shall we say sexual “favors” to old, white men.