I read this article in Der Spiegel, "Doubt, Worry, and Fear" after following a link from Steve Quayle's site.

Be sure to read ALL four parts.

Part 1: New York Faces Dramatic Consequences of Crisis
Part 2: A Bubble Develops Every Ten Years
Part 3: "Everyone Around Here Was on Welfare or Drugs"
Part 4: 'We're at a Watershed. Everyone Knows That'

These are people who thought they were on top of the world. They thought they were untouchable.

One of them now lives as a bag lady in New York City.

None of us are immune.

Be ready. Be prepared.