America is in grave danger, extremely vulnerable to black swan events that strike out of the blue, that throw the world into turmoil, and that raise the specter of even darker black swans still to come.
Like the Russian invasion of Ukraine, decimating an independent democracy larger than Germany and the UK combined, reducing its cities to rubble, sending shock waves through the global economy.
Or a massive future air attack on the independent democracy of Taiwan, igniting a new war in the South China Sea, spreading to the entire Pacific region, plunging East-West trade into turmoil.
How much damage could just one of these black swans cause?
For an answer, let’s not forget the black swans that have struck our nation since the beginning of the new millennium:
The black swan that attacked the very heart of our nation on 9-11 with great loss of life and treasure, setting off a chain reaction of events that have continued to ricochet through time:
The U.S. invasion of Iraq, the fall of Saddam Hussein, the rise of Al Qaeda, the global spread of the Islamic state, and then …
Billions of dollars in new money printing by the U.S. Federal Reserve.
Or the black swan that attacked the very heart of our economy.
It wasn’t September 11th, 2001.
It was September 15th, 2008 — the Lehman Brothers failure, again, setting off a chain reaction of events that have continued to ricochet through time:
America’s deepest recession since the 1930s.
America’s largest bank failures and bailouts of all time. And then …
A massive wave of central bank money printing that was many times larger than anything we’d ever seen before.