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| No | 57% | 422 votes | Total: 746 votes | |
| Yes | 43% | 324 votes |
Created on: March 06, 2009
The commercial collapse of 2009 could dwarf the sub-prime mortgage along with a world crisis. A warning from three experts and the predictions from a great spiritual master from India. The pundits are telling us that there is a global crisis coming to us in stages. The next stage will be the collapse of 09. We are going to see it around March of this year. The first feeling of it will come when we see more retail chains go belly up. Let me put it all together, back in 2008 we saw the closings of Star Bucks, Home Depot, Linens & Things and The Sharper Image. Now when we look at the retail sector nobody is going to rent and take all these vacant stores.
Occupancy of the buildings in the real estate sector will be difficult after the failures of Merrill Lynch, Bear Sterns and Wachovia. We hear the announcements of three hundred and fifty thousand layoffs here and fifty thousand there. Commercial real estate is collapsing and will dwarf the sub-prime problem because everything is leveraged.
We are at the doorstep or walking into a depression right now. The key is the combination of a collapsing equity market, a collapsing real-estate market and a collapsing commodity market. Its extremely rare that those three trends are now occurring together and the last time this happened was during the great depression.
In the worst case scenario we can back off but people better realize that the worst case scenario can actually happen an economic 9/11 the likes of which we have never seen. By the year 2015 you could see gold at eight thousand dollars on ounce and why do people buy gold? Because the value of money won't be worth the paper it is printed on.
The worst case scenario would turn our shopping centers and pedestrian promenades into "ghost malls" and our cities would be like "Dodge City" with uncontrollable gangs competing for territory, motorcycle marauders, not enough police or Federalies just like in Mexico where the rich people will have to live in fortresses with armed guards because the gated communities will not be safe. With so much criminality we could see gangs like we have never seen before. When people have nothing left to lose and they have lost everything, they lose it and with a descending society with the high school graduation rate under fifty percent in major cities we have more ignorant people functionally illiterate, whacked out on drugs, hillbilly heroin, meth, you name it and they have nothing to lose. Some cities may become like Calcutta with
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