Well, I am of the scientific law of thermodynamics, the value of money is not created or destroyed, it just changes from one hand to another...
Now, I am one of those currently unemployed, by choice--a fundamental difference of opinion with my boss. At any rate, my husband and I saved a lot of money from oil investments... We did remove much of the money for some houses projects we wanted to do.
Anyhow, the reality is, the economy is resetting value again. It does that ever 10-15 years. The last recession we had was in 1991. I lived through that one, I can live through this one, coming... Our foodstuffs will be re-aligned, too. Bread products and dairy will increase costs immensely.
The reality is to plan how to make to 2009.
The other issue is many baby boomers are retiring and will squelch social security, period--especially medicaid. And even if they the Feds redo it or declare a state of emergency, which is highly likely, it still won't make a difference from the boomer's increased healthcare costs.
People will die.
Children who are the least able will die, too. Moreover, there aren't enough people under 55 in this country who will be able to work.
And terrorism is real... Would you like
eggplants and zucchini with your taxi drivers? 
(Hoodland Psychiatry--I mean Homeland Security--don't burn my house)