HOLLYWOOD, Fla. -- Nothing that Federal Reserve Bank chairman Ben Bernanke, Treasury Secretary Timothy Geithner or President Barack Obama can do will prevent the United States economy from coming apart, under the weight of public and private debt.
"No amount of government stimulus will prevent it,'' said Harry S. Dent Jr. in his keynote address Monday morning to the Bank Insurance and Securities Association conference here. That's because additional stimulus, driven by more federal borrowing, will have less and less effect on the economy, much like the dwindling effect of more cocaine on a crack addict.
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