Some recent market events of concern: Osaka (Japan) markets just halted after going lock limit (10%) down. Iceland defaults on debts, currency devalued, trade halted. UK freezes Icelandic assets in UK. Hungary's bond market collapses on rumors the country's biggest bank, OTP was about to be taken over by the government. TED spread is at an all-time high, indicating that credit markets are frozen. http://www.bloomberg.com/apps/cbuilder?ticker1=.TEDSP:IND LIBOR spread is at an all-time high. FED - FOMC delays its release of H.4.1. balance sheet U.S. 10 year bond futures are up over 1 basis point tonight, which is an incredible move indicating a reluctance from foreign banks to buy our treasuries. We need to sell $2B/day of treasuries to finance our government. Summary: The most immediate threat is if the credit markets don't unfreeze, businesses that rely on credit will halt. Think of trucking companies that need to buy fuel on credit to deliver food to the groceries. This could happen within days if something is not done. The second, less immediate, but probably worse threat is purchases of U.S. Treasuries halt, and our government defaults on its debt. This would probably be more of a WWIII type scenario I'm guessing. A lot of folks much smarter than I am are now (as in *tonight*) preparing for TSHTF. I'm not making any predictions or trying to scare anyone. This is the Internet, take everything with a grain of salt, and feel free to use the info as you see fit. I have a hard time taking some of this stuff in myself. Hopefully things will quickly turn around, but right now things seem to be unraveling at an accelerating pace.