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‘The next recession starts here’: Trump team weighs abolishing bank regulators
(www.commondreams.org)
this post was submitted on 13 Dec 2024
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politics
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The 2020's are looking to end like the 1920's.
Not a recession, but a massive depression.
Except, considering how globalized the world economy is today, it would cause a complete total economic collapse on a global scale. You thought the great depression in the 1920s was bad? You have no idea how bad it can really get.
It's not just economic globalization, but the global ecosystem's food chains are already starting to collapse thanks to climate change, and our factory farming systems are becoming increasingly prone to virulent diseases wiping out huge crops of both plants and animals. I wonder what happens when food prices skyrocket because half our food supply has been contaminated, and at the same time inflation explodes thanks to plain ol' financial mismanagement
The 1920s depression was infamously global.
Of course it will all be peaceful, right, RIGHT?
Wayyyyyyyyyyyyyyy ahead of the curve on this one.
You and me both, bud.
It's gonna be baaaaad.