"Spengler" (pen name of the speculator Goldman) predicted that Italian debt was worthless because there are not enough people to pay it off and it will crash. It did yesterday. We knew that America is filling up with unproductive people - that it was to crash one day. That day is today. Yahoo Finance: "The bottom line is .. we're facing a prolonged and severe recession, and there's nothing any government on Earth can do to stop it. .. It's extremely unlikely we're going to see good economic news anytime soon."