Warnings of a Great Crash in 2012

In spite of optimistic viewpoints, some experts warn that a recession or a depression may be inevitable and could strike as early as by late summer of 2012. US government debt is worse than Greece, while Europeans pour bailout money into a bottomless barrel. Many Americans live far beyond their means and become vulnerable to financial catastrophe. Gas prices and water bills are on the rise, and a more than likely attack on Iran will make a bad economic situation more painful. The British Government has run out of money. Is there any hope for us in light of these grim realities?