"Great Depression" just around the corner? (updated at bottom)

If this guy's data and assumptions are correct, it looks really bad for Europe's economy, at minimum, but I fear and expect for the US and the world:

May 23 2011: Right. Italy. Serious.

If you don't have the patience for all of it, go down to what a Greek default would spell for them and Europe.

What happens when Greece defaults

He's not saying "if Greece defaults", but "when..."

Yikes.

Scary and getting scarier.

The sky might well be falling.

Chinese Rating Agency Downgrades UK Sovereign Debt