I'm an optimist and the following DOOM and GLOOM scenarios are pure fun. I do not expect any of these to necessarily happen but it is interesting that perhaps each one is so close to happening today.
1: America + Brittain + Israel go to war against Iran
2: Strait of Hormuz shuts down completely, Oil hits record highs no one can even dream of.
All IRANIAN allies also shut down oil supplies to include Venezuala.
3: President Obama, McCain, no difference. Who cares. Point is... Ethynol Mandate gets an INCREASE instead of a DECREASE. Food prices skyrocket further, more restaurants shut down... College Students, High School Students, experience their own "Great Depression."
4: Michigan's Economy falls into solvency. Federal Government institute's "Great Depression" tactics of Government funded civil service work.
5: Airlines cut flights dramatically and ticket + baggage rates combined are so high people and businesses are impacted to cut down on trips by as much as 50%. FedEx and UPS see their positions slide to historic lows as businesses cut back on shipping packages.
6: Foreclosed homes turn into a massive crisis in which cities are unable to support the properties and upwards of 50% are reduced to unhabitable conditions. Cities that can afford to demolish homes do so, while others leave them bordered up. More and more areas begin to resemble Detroit Michigan. Americans begin living in Apartments, Home Leases, Condos, and even Trailer Parks in record numbers. Renting becomes the "IN" thing and owning becomes impossible for most.
7: Social Security, originally projected to go solvent by 2018, is solvent instead by 2014, with the target of Social Security going bust by 2030.
8: Obama, McCain, doesn't matter. Universal Healthcare becomes a reality....Waiting Lists begin.... Hospitals fill up with patients and health insurance companies begin to take massive hits creating major unforseen side effects and consequences for Home Healthcare businesses, pharmaceuticals, Walgreens, Rite Aid, CVS, etc..... Because in a down economy, and strained Federal Budget (WAR + Michigan's Situation + etc.) it becomes an absolute nightmare for medicare prescription drug coverage.
Health Insurance companies take their hits as low income familys abandon their plans in DROVES to partake in *FREE* Federally Funded healthcare.
9: FORD goes BUST (GM Survives) TOYOTA takes 51% of FORD's company and becomes America's largest Automaker.
10: Dollar falls in value and the world at large begins to abandon it in favor of the EURO.
It ain't stagflation.... It's DEVALUATION as companies, stock holders, foreign governments all over the world begin to enforce their own value on the Dollar based on America's Trade Deficit situation which is skyrocketing out of control.
In other words.. The worth of the DOLLAR falls completely out of the hands/control of the FEDs and completely into the hands of FOREIGNERS who collectively determine it's worth.
11: Treasury Department panics, empties their income to save the Dollar, but creates a short term spike in the dollar's value only to succumb to more longer term inflationary problems + the War + Environmental Crap OBAMA or McCAIN get into + etc. Eventually, Treasury Department breaks down into "broke" status.
12: BEN Bernanke tries to save the dollar by raising the rates eventually as high as 6% only to send a down economy into America's worst depression since the 1930s.
Environmentalist Wacko Nut Balls win.