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What could cause an economic collapse in 2011? Well, unfortunately there are quite a few “nightmare scenarios” that could plunge the entire globe into another massive financial crisis. The United States, Japan and most of the nations in Europe are absolutely drowning in debt. The Federal Reserve continues to play reckless games with the U.S. dollar.
So will it be soon? Let’s hope not. Let’s certainly hope that it does not happen in 2011. Many of us need more time to prepare. Most of our families and friends need more time to prepare. Once this thing implodes there isn’t going to be an opportunity to have a “do over”. We simply will not be able to put the toothpaste back into the tube again.
So we had all better be getting prepared for hard times. The following are 12 economic collapse scenarios that we could potentially see in 2011….
#1 U.S. debt could become a massive crisis at any moment.
#2 Speaking of threats to the global financial system, it turns out that “quantitative easing 2″ has had the exact opposite effect that Ben Bernanke planned for it to have. Bernanke insisted that the main goal of QE2 was to lower interest rates, but instead all it has done is cause interest rates to go up substantially.
#3 The debt bubble that the entire global economy is based on could burst at any time and throw the whole planet into chaos.
#4 As the U.S. government and the Federal Reserve continue to pump massive amounts of new dollars into the system, the floor could fall out from underneath the U.S. dollar at any time.
#5 One of the primary drivers of global inflation during 2011 could be the price of oil.
#6 Food inflation is already so bad in some areas of the globe that it is setting off massive food riots in nations such as Tunisia and Algeria.
#7 There are persistent rumors that simply will not go away of massive physical gold and silver shortages.
#8 The U.S. housing industry could plunge the U.S. economy into another recession at any time.
#9 A combination of extreme weather and disease could make this an absolutely brutal year for U.S. farmers.
#10 The municipal bond crisis could go “supernova” at any time. Already, investors are bailing out of bonds at a frightening pace.
#11 Of course on top of everything else, the quadrillion dollar derivatives bubble could burst at any time.
#12 The biggest wildcard of all is war.
Originally posted by barkingdogamato
#6 Food inflation is already so bad in some areas of the globe that it is setting off massive food riots in nations such as Tunisia and Algeria.
Originally posted by shamus78
Excellent thread. I'm just going to be picky for one moment
One thing I dislike is hearing all the time: "If the US goes down, then the rest of the world will be in trouble/chaos"
Here in Australia, the global financial crisis passed us by without much effect. Our economy is booming based upon our closeness with China. If the US did descend into financial chaos, then it would put many other nations in a far stronger position to negotiate for better prices on the global financial stage. Yes, there would be some wobbles. But there will always be a leader, and whatever country it is doesn't really matter. Stability is key, and once the dust had settled, we would just have a new big fish in a small pond.
I sincerely hope that the US does not implode, as I have many friends there. But if it did, it wouldn't be the end of the world. I say that in the nicest, most non-threatening way possible. Let me repeat: I like the US, and in no way do I want to inflame US people reading this post.
Cheers
Shane
Originally posted by shamus78
Excellent thread. I'm just going to be picky for one moment
One thing I dislike is hearing all the time: "If the US goes down, then the rest of the world will be in trouble/chaos"
Here in Australia, the global financial crisis passed us by without much effect. Our economy is booming based upon our closeness with China. If the US did descend into financial chaos, then it would put many other nations in a far stronger position to negotiate for better prices on the global financial stage. Yes, there would be some wobbles. But there will always be a leader, and whatever country it is doesn't really matter. Stability is key, and once the dust had settled, we would just have a new big fish in a small pond.
I sincerely hope that the US does not implode, as I have many friends there. But if it did, it wouldn't be the end of the world. I say that in the nicest, most non-threatening way possible. Let me repeat: I like the US, and in no way do I want to inflame US people reading this post.
Cheers
Shane