The more imminent and likely event that will hit the globe, and hit the U.S. especially hard, is some kind of financial holocaust. In a chilling statement that received no mainstream media attention, investment guru Carl Icahn announced recently that he's returning investor funds and pulling out of the market. His reason is that the next big crisis about to hit. I'm guessing his timing is a bit early, but when you have to liquidate billions, you can't wait until the obvious become obvious to everyone. Although he doesn't have the notoreity of Warren Buffet, in my view Icahn is a more shrewd investor and has demonstrated over the years an acute ability to think "outside of the box."
Here's just one of the many fiscal problems hitting this country: "Welfare State: Handouts Make Up One-Third of U.S. Wages." Here's the LINK to the article. Combined, defense and entitlement spending represent something like 80% of the Federal budget. Until the Government is willing to make enough cuts to make the revenue/expense equation balance out, our spending deficits and debt load will continue to increase at a geometric rate until the dollar collapses. That is a plain fact. Let's hope that the test of history does not withstand this event and the financial apocalypse does not lead to a global military conflict. I pray every day that Cormac McCarthy's vision is wrong.
Here is an excerpt from an article of the situation facing the U.S. that is a must-read:
The myth of American Exceptionalism will not protect the country from the revolutionary tsunami that is sweeping the globe. America was not chosen by God as the country that would lead the world for eternity. The hubris and overreach of the American empire has bankrupted the nation. Greed, corruption and arrogance are not limited to North African dictatorships. Crony capitalism supporting a vast military empire, financed by a banker controlled Federal Reserve has failed.Here's the LINK
Many people have asked me over the years about the best way to protect themselves from the brewing financial and political disasters in this country. My answer is always the same: I can explain what you need to do to get to the other side of what's coming. BUT, you have to decide if you want to see what it looks like...either way, buy a lot of gold and silver.