I have a feeling it isn't just Sears and Kmart. A lot of stores grew too big too soon and now their debt load is staggering. In the past, they could simply roll over their debt, but now who wants to lend to an over extended client in the middle of a depression? The mark of death is upon them.
The staggering debt of individuals, corporations, private held businesses not to mention government entities is overwhelming. The government will attempt to pay its debts with the printing presses. Bond holders will be broke. We will experience a horrible inflation, and then we will all be equally poor.
The dollar will be worthless.
Hyper inflation causes shortages. Those holding goods will not sell them because they cannot afford to re stock shelves. Stores that will sell goods will be constantly marking them up to compensate for their ever increasing costs. One will have to have contacts that are willing to accept something other than dollars in payment. We will have a toaster and waffle iron economy.
No matter who wins this next election things will not get better: the die has been cast.
I don't have a good feeling about the future.