Reply #8: Hmmm...well, let's see.

[mbperrin]

There's the huge monetization of the new federal debt that will have to occur because it cannot be financed due to dollar weakness and low interest rates. This means raging inflation and loss of value in any remaining savings or equities for Americans that still have any.

The loss of upwards of $4 trillion of foreign capital should level the DJIA at 8,000 or less by the end of next year.

The huge upswing in crime which will be immediate due to PTSD veterans being discharged from duty overseas with absolutely no debriefing or treatment. Especially look for family murders, serial killings with military type tactics, exploding buildings, and on a lighter note, huge increases in burglary and shoplifting to deal with the inflationary crowding out of poorer and less educated folks.

Huge bankruptcy filings and loss of liquidity to financial institutions unless government bailouts occur (like the Reconstruction Finance Corp of the 80s), in which case, step up even more printing money and even higher inflation and erosion of spending power and loss of savings.

There's more, but I think it'll be hard to beat all that back with just a flag waving in our faces.