Well, prepare to huddle back into your fetus position. Economic (supposed) guru wizard, Alan Greenspan just gave testimony in front of Congress about the state of the economy. His news is, of course, terrifying.

Former Federal Reserve Chairman Alan Greenspan said Thursday the current financial crisis is a “once-in-a-century credit tsunami” which will have a severe impact on the U.S. economy, driving unemployment higher.

Greenspan, who headed the nation’s central bank for 18½ years, said that he and others who believed lending institutions would do a good job of protecting their shareholders are in a “state of shocked disbelief.”

He said that the current crisis had “turned out to be much broader than anything that I could have imagined.”

I’d offer you one of my thumbs to suck on while in your fetal position, but I need it myself.