For the past several years, Lyndon Larouche has been saying that we are heading for a world wide financial collapse. He has tried to get Congress to pass his homeowners and bank protection act to no avail.
Jeff Steinberg on this site gives a weekly update which I think puts everything into perspective. Here is the last update from September 10th.
http://www.larouchepac.com/news/2008...al-update.html