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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