I didn't read all the posts but no matter what the economic situation is at any particular time there are always these 'doom and gloomers' feeding on the feelings of the frustrated and downtrodden for their own financial benefit. I've heard this stuff from dozens of different people for the past decade and everyone of them creates a new scare tactic every year or so to keep or get new 'disciples'. First it was the downfall of communism putting nuclear missles in the hands of rogue nations and terrorists, then the collapse of social security, the Clinton ruination of the economy once elected, then the War in Kosovo/Baltic was supposed to embroil us in WW3, and then Y2K...this stock market correction is fuel for their fire now
The only thing that I know for sure is that under a fiat money system that the U.S. has now, the dollar WILL eventually become worthless and we will go bankrupt...10,20, 50 years who knows, but it will happen