Here are some observations and predictions from James Howard Kunstler's CLUSTERFUCK NATION – BLOG:
The plague didn’t cause the economic crash. But the lockdown response certainly accelerated, amplified, and ramified it. The crash happened because we built up a hyper-complex, over-scaled, just-in-time economic system with all its ecological redundancy edited out for the sake of efficiency, making it hyper-fragile. The system’s basic power module (fossil fuel) was failing on a cost-basis and we tried to compensate for that with debt. The debt got out of hand in both sheer quantity and from the dishonest games that bankers and politicians were playing with it. All of this happened for the reason that most things happen in history: it seemed like a good idea at the time.
The old system is permanently broken now. We’re having a hard time recognizing that, plague or no plague. Many activities have flunked the scale challenge and will not come back to running the way they used to, generally anything organized at the giant scale: global supply chains, global corporations that depend on them, fracking for shale oil, big institutions like colleges and even public school systems, commercial aviation and tourism, the auto industry, show business (including the Disney empire and things like it), suburbia as a general proposition, skyscrapers and megastructures, shopping malls, pension funds, insurance companies, mega-banks, and, of course, medical conglomerates.
You can read the rest @
https://kunstler.com/clusterfuck-nation/turning-and-churning/
There WILL be change, and the process WILL be bloody. One can only hope it will not involve ACTUAL bloodshed. Sadly we won't know for certain until all the money has run out:
https://www.goldmoney.com/research/goldmoney-insights/anatomy-of-a-fiat-currency-collapse
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