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The primary near-term security concern of the United States is the global economic crisis
and its geopolitical implications. The crisis has been ongoing for over a year, and economists are
divided over whether and when we could hit bottom. Some even fear that the recession could
further deepen and reach the level of the Great Depression. Of course, all of us recall the
dramatic political consequences wrought by the economic turmoil of the 1920s and 1930s in
Europe, the instability, and high levels of violent extremism. Though we do not know its
eventual scale, it already looms as the most serious global economic and financial crisis in