They call survivalist crazy.....

via CNBC.

“We’re in a very unfortunate position to be here,” Richard Duncan, author of The New Depression, warned on CNBC’s “Squawk Box Europe” Monday.

“When we broke the link between money and gold, this removed all constraints on credit creation. This explosion of credit created the world we live in, but it now seems that credit cannot expand any further because the private sector is incapable of repaying the debt it has already, and if credit begins to contract, there’s a very real danger that we will collapse into a new Great Depression,” he argued.

“If this credit bubble pops, the depression could be so severe that I don’t think our civilization could survive it.”

Some people have called me a right wing reactionary.

Some say that I'm a gun nut.

Some just call me crazy.

But this article should give pause to all those that think the world will keep humming along and aren't taking any precautions in case it doesn't.  Quite honestly, the people that I associate with have been talking about this since the last presidential election.  They've been labled and talked about but now this same talk is on a business network.

Wars have started over less.  Civilizations have fallen over less.  Think about that when you're calling your right wing relatives crazy at the next family get together.  Let me leave you with one last quote from the article.

“We could keep deferring the depression, but that could just encourage the bad guys. If you do this, you possibly do more harm than good,” Roger Nightingale, economist and strategist at RND Associates, told CNBC Monday.

“You can defer, but not prevent.”

 Deter but not prevent.  Interesting.

UPDATE:
I originally stated that this news is why I stockpile ammo.  That's a lie though.  I just like to shoot but I do have a question.  What will our large cities look like if government services can no longer be provided?  What will happen to our transportation system, our legal system and everything else?  This does show why the US Army has been running drills in large cities.  Societal collapse will be messy.