It would be the greatest collapse in real estate history.

While I think its more likely than not the feds will get their act together enough that we do pull out of this after a few painful years, I can see a really bad scenario of a complete currency collapse.

From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

http://finance.yahoo.com/news/General-Growth-files-for-rb-14945510.htmlNEW YORK (Reuters) - General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history.Ending months of speculation, General Growth, along with 158 of its 200-plus U.S. malls, filed Chapter 11 while it tries to refinance its debts.But the ongoing global financial crisis made it impossible for General Growth to restructure outside of bankruptcy and could signal further troubles for other financial institutions who are General Growth creditors.The collapse underscores the pressure on U.S. commercial real estate with few sources of available funding.Chicago-based General Growth, which owns such valuable properties as South Street Seaport in New York, Fashion Show in Las Vegas and Faneuil Hall Marketplace in Boston, listed total assets of $29.56 billion and total debts of $27.29 billion.The collapse marks a sad chapter for a company that has been growing since 1954, when brothers Martin and Matthew Bucksbaum decided to expand their family's grocery business and build a shopping center in Cedar Rapids, Iowa.The company expanded steadily through both building and buying malls, the largest acquisition being the 2004 purchase of high-end mall owner Rouse Cos for $14.2 billion.

If you are buying at trustee sales, for example, you would want a city where prices had gone up a lot during the bubble and then collapsed.

The more money that is printed means that the price of gold an silver will continue to rise and the more likely a fiat currency will fail\collapse\reset.

A 3,777 point drop would have been impressive - a 777 point drop doesn't say collapse.

I've read a lot of the financial disaster books, and "it's different this time," leverage, and greed, are always common flaws running through these financial collapses.

I will add surgical masks and latex gloves to the list, because realistically a pandemic is most likely to cause civilization to collapse.

I started in 09 after the collapse.