To neglect this window of opportunity would be tragic.

E RISC highlights the situation in several countries including Brazil, France, India, Turkey, and Japan demonstrating how importers and exporters of natural resources such as timber, fish, and crops are being exposed to the increasing volatility that accompanies rising global resource scarcity.

The repercussions, however, will be global.

The consequences of a collapse would not be pretty.

Whatever the answer, the consequences whether good or bad will be far reaching.

The situation had to resolve itself within a year or else.

If we let these psychopaths continue taking us down this path the consequences are too horrific to even contemplate.

But the foreign policy consequences could be even greater.

The first among the neighbors affected would be Europe.

The consequences could be disastrous. Time is fast running out.

Even if the result would have been longer term stability, the immediate political consequences were too unpleasant.

As a result, debt overhangs will remain problematic.

In that event, China must be prepared for any ensuing global financial turmoil and longer term consequences.

The consequences of Europe s rush to austerity will be long lasting and possibly severe.

If allowed to fester, the political consequences could be severe, including trade protectionism and perhaps even social unrest.

And, since governments typically try to enforce the conventional wisdom, the consequences could be disastrous, because they are magnified by the state s coordinating and coercive power.

According to the Committee s members, the potential consequences of this bioenergy accounting error are immense.

So the stakes in righting the world economy could not be higher. Mismanage the process, and the consequences could be unimaginable.

But the consequences of a military adventure in Iran would far surpass those of the war in Iraq.

The markets will settle down. The longer term consequences will not be savory, but they will be problems for another day.

The possible implications of this Catch 22 are troubling to say the least.

The consequences are profound.

C. Consequences

What consequences?

As you can infer from the title of my new book, 13 Bankers The Wall Street Takeover and the Next Financial Meltdown (co authored with James Kwak), the global consequences will be dire.

There would never be a fresh start with all of the unpleasant consequences that this implies.

The long term consequences of the resulting surge in fiscal deficits are serious.

If no adequate provisions are made to sustain global competitiveness, the economic, social, and political consequences could be dire.

It would be rash to assume that the outcome in Russia would be as benign as Ukraine s Orange Revolution.

Militant nationalism, partly encouraged by nervous rulers, might be one consequence.

The consequences of choosing this inadequate, if expedient, route are serious.

Hezbollah s patrons in Iran, like the party itself, realize that the consequences would be disastrous.

Now we are discovering that the consequences may be far more deadly than we ever imagined.

After all, the consequences of failing to increase the debt ceiling would be catastrophic.

Otherwise, consequences follow.

B. THE CREATIVE CONSEQUENCES

We're seeing the consequences all around us.

However much we may wish to look away, the consequences of allowing the bloodbath in Syria to take its own course may well be disastrous for the region and for the West s security.

Thus, the sheer magnitude of the task of reviving these economies is not overwhelming. But the political consequences of failure to deliver a message of genuine European solidarity will be.

Now when we come to the period after the Second World War, unintended consequences get even more interesting.

The sub prime contamination of money market funds would prove disastrous, with consequences far beyond what we have seen up to now.

If Pakistan, nuclear weapons and all, was to fall to the extremists, the consequences in terms of encouraging the export of terrorism would be dire.

Mismanage the process, and the consequences could be unimaginable.

The consequences could be catastrophic, not just for Greece, but also for Portugal, Spain, Italy, and who knows whom else.

But sometimes the line really is crossed, all relevant players know it, and the consequences are potentially profound.