Many have cried wolf about the economy and are no longer taken seriously. The problem is that economics is hard to predict. Who knows how long it takes for money printing or other economic games to affect the economy?
But this much I do know. If farmers don't grow food then there will be a food shortage. If factories don't make stuff then there will be a shortage of stuff. And both of these things are happening. Ukraine isn't growing food. Fertilizer is expensive and hard to get in the West because of the political nonsense with Russia, so less is being grown and at higher cost. I think these things are generally known by educated people. But what most people don't know is that China has become a complete disaster thanks to its horrible government, and it is not manufacturing stuff. This isn't immediately visible because stuff in stores is coming from warehouses outside of China. But there is definitely soon going to be a shortage of manufactured goods. I know about all this because I import stuff from China, so I know the situation there.
People confuse political nonsense with hard reality. For example, the nonsense with Russia means that Europe is not importing natural gas from Russia. But this natural gas is still being produced and will be sent elsewhere. So at least it exists somewhere and Europe can get it somehow at much higher prices. Hard reality is when needed things aren't being produced at all. And this is the situation with food and manufactured goods. In a few months, millions of people in the poorer countries will starve to death, and the West will become much poorer and will have a shortage of manufactured goods. And of course China will be a giant impoverished concentration camp like it was under Mao.
We will see the great economic crash before the end of the year. This is the beginning of the end of our current civilization.
[–]trident765 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (1 child)
[–]fschmidt[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)