"deflationary depression, high unemployment with lower goods and services prices" - highly likely. When income inequality gets to current levels, the people get motivated to make changes. Given how badly politicians have managed the pandemic, I have little hope of any competent action.
Seeing the decline in productivity and lack of desire to work for wages, the economy will struggle. Can the nominal 10% who really are productive carry the load? No clear way through the collapse of currencies given the debt bomb on nearly every government. What then?
AND - ZeroHedge today agrees with my assessments. The Europeans won't act to withdraw sanctions now because they are America's flunkey and The Great Satan can't risk losing, even if we all know they have already lost the geopolitical 3D chess game.
"Without government support, a large swath of the UK pub industry could be wiped out this winter. When will Europeans wake up that Western sanctions are completely backfiring and crushing their way of life at the expense of NATO's proxy war against Russia in Ukraine? "
Biden can run but he can't hide:
"The Layoff Tsunami Has Begun: 50% Of U.S. Companies Plan To Eliminate Jobs Within The Next 12 Months."
http://theeconomiccollapseblog.com/the-layoff-tsunami-has-begun-50-of-u-s-companies-plan-to-eliminate-jobs-within-the-next-12-months/?utm_source=substack&utm_medium=email
"deflationary depression, high unemployment with lower goods and services prices" - highly likely. When income inequality gets to current levels, the people get motivated to make changes. Given how badly politicians have managed the pandemic, I have little hope of any competent action.
Seeing the decline in productivity and lack of desire to work for wages, the economy will struggle. Can the nominal 10% who really are productive carry the load? No clear way through the collapse of currencies given the debt bomb on nearly every government. What then?
AND - ZeroHedge today agrees with my assessments. The Europeans won't act to withdraw sanctions now because they are America's flunkey and The Great Satan can't risk losing, even if we all know they have already lost the geopolitical 3D chess game.
"Without government support, a large swath of the UK pub industry could be wiped out this winter. When will Europeans wake up that Western sanctions are completely backfiring and crushing their way of life at the expense of NATO's proxy war against Russia in Ukraine? "
https://www.zerohedge.com/markets/doomsday-scenario-70-british-pubs-wont-survive-winter-power-costs-skyrocket