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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. (Read More....)
 The beginning of each year is a great time to evaluate the direction of your life and to ask yourself some very important questions. Often we get so busy just living life that we lose our perspective. It is important for each of us to take time once in a while to reassess how our lives are going. It is also important for all of us to reassess the direction that our nation is heading in every so often. The truth is that America has gotten badly off track. We have abandoned the principles which once made this country great, and this country is literally falling apart all around us. Hopefully the questions below will not just get you focused on our problems. Hopefully they will also spur you to think about solutions. Both individually and as a nation, we are in a lot of trouble. We need to start asking better questions and we need to rediscover the things that once made America the greatest nation on earth. If we are willing to humble ourselves and change course then there is hope for us. If not, then the road that we are currently on will only lead to national disaster. (Read More....)
 There has been a natural disaster that has caused at least a billion dollars of damage inside the United States every single month so far this year. According to the National Oceanic and Atmospheric Administration, there have been 10 major disasters in the United States this year. On average, usually there are only about 3 major disasters a year. At this point, disasters are happening inside the United States so frequently that there seems to be no gap between them. We just seem to go from one major disaster to the next. Last year, FEMA declared an all-time record of 81 disasters inside the United States. This year, we are on pace for well over 100. We just got done dealing with Hurricane Irene, and now we are dealing with historic wildfires in Texas and unprecedented flooding up in the northeast part of the country. This has been the worst year for natural disasters in U.S. history, and we still have nearly four months left to go. Hopefully after everything that has happened this year it has become abundantly clear to all of us why we need to prepare for emergencies. The world is becoming an increasingly unstable place, and you never know what is going to happen next. (Read More....)
 Whenever a major disaster or emergency strikes, millions of lives can be turned upside down in an instant. Fortunately Hurricane Irene was not as catastrophic as originally projected, but millions of people did lose power and at least 35 people lost their lives. Large numbers of homes were destroyed and the economic damage from Hurricane Irene is going to be in the billions of dollars. Now that Hurricane Irene has passed, this is a good opportunity for all of us to look back and learn some important lessons about how to prepare for disasters and emergencies. The reality is that a major disaster or emergency has happened somewhere in the United States almost every single month so far this year, and it is only a matter of time before you and your family will be faced with another disaster or emergency. (Read More....)
 The worst natural disaster in the United States since Hurricane Katrina just happened, and many in the mainstream media are already treating it like back page news. It can be really tempting to want to talk about whatever the next "news cycle" brings us, but right now we really need to pray for those affected by "the tornadoes of 2011". There are parts of Alabama, Mississippi and Georgia that will never, ever be the same again. Entire towns have been wiped off the map. Hundreds are dead and thousands have been seriously injured. Over a million people lost power. One of the tornadoes that ripped through the region was reported to be a mile wide. How in the world are you supposed to get away from something like that once it is on top of you? Many in the mainstream media have already acknowledged that this was the worst natural disaster in the U.S. since Hurricane Katrina took 1,800 lives back in 2005. Over and over and over, those living in the region are describing the devastation by saying that they have "never seen anything like it". This truly was one for the history books. (Read More....)
 Does your family have an economic disaster plan? If not, why not? By now, most people know that very hard economic times are coming. No, America is not going to turn into a post-apocalyptic war zone where motorcycle gangs ravage the populace next week, but the truth is that it doesn't take a genius to understand that the U.S. economic system (and indeed the entire world economic system) is in the process of dying. For decades we have lived far beyond our means by borrowing insane amounts of money, but the party is ending and now many of us are going to get to experience what it means to live below our means. The golden days of the U.S. economic machine are gone, and now we are moving into a time when we are going to reap the fruit of the incredibly foolish economic policies of the past hundred years. Meanwhile, the two major political parties will continue to play the American people against each other. The Democrats will insist that everything will be great if we just give them control. The Republicans will insist that everything will be great if we just give them control. But the truth is that both political parties have had numerous chances over the past 50 years, and each of them have blown them badly. Both parties have had a hand in piling up the biggest mountain of debt in the history of the world, both parties have been complicit in shipping our jobs and our factories off to China and to dozens of third world nations, both parties have dramatically expanded the size of government and the welfare state when they were in control, and both parties have continually handed more power to the big banks and to the Federal Reserve. We built an entire economy based on paper money and a gigantic spiral of debt and now the wheels are starting to come off and people are starting to panic. We are truly going to pay the price for decades of foolish decisions. (Read More....)
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15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months