The actual cause of the TOTAL collapse of the world economy is that the BUBBLE BURST. We had a good time while the economy soared, but contractions are part of every cycle and now we are in a contraction that has gotten out of contrOl. Blaming it all on the Sub Prime Mortgage fiasco is wrong. Blaming part of it on the Mortgage fiasco would be correct. Blaming part of it on over expansion of shopping centers and business building would also be correct. Default is just starting on these investments and the Banks do not know what to do. Thousands of banks will fail because of these poor business decisions. Other areas to blame would be the European banks lending to Eastern Europe to finance mortgages and business startups that could never be repaid if the eastern European currencies fell markedly against the Euro or Pound or Swiss Franc. Unfortunately, that is exactly what happened and that is why Europe is plunging into Depression right now regardless of their emergency summit meetings. Nobody can stop the downward momentum. The downward momentum is not stopping in the United States and it is not stopping in Europe or Japan or in China. The whole world economic system is collapsing. The rate of collapse is frightening. A fall this rapid has never before been seen in world economic history. Oddly, there are still people long the stock market with average price to earnings ratios twice what they should be for a steady state economic condition, AND this is not steady state. There is going to be a lot of chaos in the months and years ahead. Riots in all the major cities. England is already planning to use their military to supress the civilian population. The United States has secret plans for same as well as the FEMA concentration camps. We expect massive unrest in the United States. State militias will be used to shut off entrance to any state to migrants who do not have the means of self support. No need to allow them in to the state if they are just going to go on welfare. People attempting to illegally enter a state can and will be shot on sight. That happened in the Great Depression and will happen again. Get ready folks. This summer will be a summer of unrest.