Pending economic collapse

Here is how I predict an economic crash might start. Lower oil prices trigger unemployment and then gradual layoffs in sectors that rely on oil and gas business. That will trigger lower government revenues that will further lead to layoffs of government employees. Mortgages come due and people need to downsize their dwellings. House selling will trigger panic selling and that will deflate the asset value and balance sheets. The governments can't afford to loan any more they would lose their credit ratings. They spent their imaginary extra funding the TARP bailout. There would be no way to stop the slide in prices.

It may just wipe out the bankers that started this mess. Along with most of us. The bright side is we could start over.

I would recommend bitcoins as an alternative to impending doom.