Foreclosures increase

The number of persons losing their homes due to foreclosure has increased dramatically in recent months due to rising unemployment. Also, people cannot borrow on their homes like before. It use to be that home prices would increase every year, but for the last 18 months they have declined.

OK, as we slip deeper into depression more people will lose houses to foreclosure. This means that more banks will fail. The result will be massive chaos followed by a complete collapse of our society.