The following events are going to happen, this is not a question but a matter of time. I've listed a sequence of events in the order I perceive them happening. The order could be way off and surely I am leaving out steps, but it will all happen in my lifetime, likely the next 5-10 years.
- Bank downgrades and bank runs across Europe (continuing process throughout the next 5 bullets)
- Greece leaves Euro, defaults
- Spain leaves Euro, defaults
- Italy leaves Euro, defaults
- Portugal leaves Euro, defaults
- Ireland leaves euro, defaults
- America officially recognizes itself in a "double dip" recession
- Housing Prices take out 2007-2008 lows and create new low.
- QE3: a monetary stimulus package of at least 200 billion.
- gold/silver take out previous highs
- Downgrades of american banks
- Treasury bonds lose value, Fed becomes only buyer of debt.
- QE4?
- YoY or MoM inflation surpasses Fed target
- Interest rates forced to rise
- American Bank downgrades, failures, and bailouts
- Riots/Protests
- Bond market collapse
- Global Depression
- Dollar loses reserve currency status
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