Great Depression II Ready or Not

We are entering the second great depression. The last four years were just the tune up. There are about to be 5000 small towns and cities go bankrupt maybe more. We have reached a cyclical downturn because America has nearly consumed all it can on credit. In fact the entire world is in a credit crunch. All of the developed nations have run deficits effectively since the US left the gold standard in 1972. All the borrowing from central banks, whom which are about to foreclose on governments world wide, will finally have to be dealt with. Our friend Ben Bernanke, a man who has never been hungry, or wanted for anything has the fate of 7 billion+ at his whim. All he has to do to bankrupt the wealthiest nation in human history, and in turn sink the world economy, is raise interest rates. You see the Federal Reserve Bank is the largest buyer of US treasury notes of all time periods (2, 5, 10, and 30 year notes) so when interest rates rise the Fed will collect on their investments by printing more money thus diluting every dollar out there. When you have millions and billions, why do you care if each dollar or euro has 10 % of its original worth. That means the prices that have already increased 400% in 11 years will increase another 400% and possibly even hyper inflate. America is under fiscal attack and it is so subtle that after 11 years of it people are just now noticing that something is wrong. Our nation is $14 TRILLION in debt. This figure cannot possibly be paid unless the government seizes all private retirement plans, which it will do and annuitize them so that you will get a monthly check just like social security, which will also be slashed.