I must point out that if you have followed Schiff's investment advice you have absolutely been destroyed in the last 12 months.Schiff absolutely missed the deflationary part of the collapse and believed very strong in decoupling which has not happened.

I am also with mikeoh, and Krzysztof, and everyone else that basically sees an economic collapse eminent and necessary for real recovery.

With the housing market collapsing, squatting in foreclosed homes is believed to be on the rise around the country.

That may shatter Dubai’s goal of creating a sustainable economy by building the Persian Gulf hub for finance and tourism, forcing it to depend on oil-rich neighbor Abu Dhabi for financing. “Dubai is more precarious than it has ever been,†said Christopher Davidson, author of “Dubai: The Vulnerability of Success†(2008, Columbia University Press). “If the property industry collapses in Dubai, it will be finished.

I found this article in Yahoo Finance, pretty much it predicts that commercial R.E. will also collapse.

They predicted the dot com bubble bursting in 1999, and the housing collapse as far back as 2002.

On the flip side, the auto industry does support a lot of other businesses (not to mention a state) and right now, is that collapse something our economy can handle?

Unfortunately, being as is, I found out that the well is collapsed so there is an expense I was not counting on....oh well.

Socialism - up.Environmental wackos - up.Total economic collapse - coming!

While Paulson has defended the cash injections as having averted a collapse of the financial system, Obama had to pledge changes before lawmakers approved the release of the second $350 billion. “Banks are becoming the whipping boy for the Treasury's failed policies,†said ~~~~~~~~~~~~~~~~~~~http://www.bloomberg.com/apps/news?