"I'm not saying that the human race is imminently doomed but it's also clear that the clock is ticking and time is running out in order to take action to avoid the escalating damages which could make the whole process unstoppable, " he told CNN.

CNN: Six degrees of devastation

Finally, the Fed is laying the groundwork for the next financial crisis, with out of control monetary policies creating a ticking inflation time bomb, and the resulting contractionary monetary tightening when the Fed decides the inflation is getting out of hand.

FORBES: The Fiscal Cliff and America's Coming Recession