posted on Mar, 7 2012 @ 01:59 AM
I quite like this blog. He does a good job of pulling together a number of sources to build his narratives and they are most often good solid sources.
The point he makes at the outset regarding instability has a lot of merit, and there's more to it than what is outlined. Such trends as slowing
economic growth in many parts of the world combined with sustained low interest rates, easier money and stimulus measures to keep what GDP there is,
afloat. This shows inherent weakness in such economies and more broadly, the global economy. The
Eurozone has slipped back
into a recession
according to this article, which is putting increasing pressures on export markets around the world, particularly China, one of
the world's few remaining growth engines.
These 'massive threats' are not just a threat to the U.S. economy, but the global economy. I think a plausible case can be argued that as economic
conditions deteriorate that a major shock or series of shocks, that are becoming increasingly likely, could be what finally tips it over the edge. And
there's your situation that will demand a new world order, world government, world currency and whatever else constitutes the new system of global
finance and governance.
We live in a world that is becoming increasingly unstable, and the potential for an event that could cause "sudden change" to the U.S.
economy is greater than ever. There are dozens of potentially massive threats that could easily push the U.S. economy over the edge during the
next 12 months. A war in the Middle East, a financial collapse in Europe, a major derivatives crisis or a horrific natural disaster could all change
our economic situation very rapidly. Most of the time I write about the long-term economic trends that are slowly but surely ripping the U.S. economy
to pieces, but the truth is that just a single really bad "black swan event" over the next 12 months could accelerate our economic problems
dramatically. If oil was cut off from the Middle East or a really bad natural disaster suddenly destroyed a major U.S. city, the U.S. economy would
be thrown into a state of chaos. Considering how bad the U.S. economy is currently performing, it would be easy to see how a major "shock to the
system" could push us into the "next Great Depression" very easily. Let us hope that none of these things actually happen over the next 12 months,
but let us also understand that we live in a world that has become extremely chaotic and extremely unstable.
In the list below, you will find some "sudden change" events that are somewhat likely and some that are quite unlikely. I have tried to include a
broad range of potential "black swan events", but there are certainly dozens more massive threats that could potentially be listed.
The following are 15 potentially massive threats to the U.S. economy over the next 12 months....
#1 War With Syria
#2 War With Iran
#3 A Disorderly Greek Debt Default
#4 An Economic Collapse In Spain
#5 The Price Of Gasoline
#6 The Student Loan Debt Bubble
#7 State And Local Government Debt Crisis
#8 The Collapse Of A Major U.S. Bank
#9 A Derivatives Crisis
#10 The Fall Of The Japanese Economy
#11 A "Solar Megastorm"
#12 A Major West Coast Earthquake Or Volcanic Eruption
#13 Tornado Damage To Major U.S. Cities
#14 Severe Drought In The United States
#15 An Asteroid Strike In 2013