An Autumn with Epic Collapses of Stocks, Debt, Currencies, Much Higher Inflation—Leading to Poverty & Social Unrest

The comments below are an edited and abridged synopsis of an article by Egon von Greyerz

The world economy and especially the political and economic situation today consists of a mix of lethal ingredients that will have dire consequences.

An Autumn with Epic Collapses of Stocks, Debt, Currencies, Much Higher Inflation—Leading to Poverty & Social Unrest - BullionBuzz - Nick's Top Six
Revolution, people protest against government, man fighting for rights, silhouettes of hands up in the sky, threat of war

This deadly concoction consists of debt that can never be repaid—sovereign, corporate and private; global bubbles in stocks, bonds and property—all about to collapse; major geopolitical conflicts with no desire for peace; energy imbalances and shortages; food shortages leading to famine and civil unrest; inflation leading to hyperinflation and global poverty; and political and economic corruption in most countries. No country will be able to afford social security, medical or pension payments.

The world’s governments are doing nothing to solve these problems; they only know how to print money. They don’t know that a debt problem cannot be solved with more debt. All they can do is pass the baton to the next leader so it will be his/her problem, so the political, economic and financial mismanagement of the past will result in a global collapse.

The consequences will be both dire and unpredictable since the world has no experience of this magnitude and complexity of problems. What is clear is that Western leaders will not assume any responsibility for the coming calamities.

Covid will be blamed, although there is evidence that it was manmade and could have been controlled with cheap existing medicines. The lockdowns and restrictions have had a bigger effect than the disease itself.

Big Pharma clearly had the politicians in their hands. It had trillions of dollars to gain and nothing to lose since it is protected from prosecution. The future will tell us if, as many scientists believe, peoples’ immune systems have been weakened by the shots.

The Russians will be blamed for the current global economic problems of inflation, energy shortages and decline of global trade. The fact that these problems started well before the Russian invasion of Ukraine is quickly forgotten.

Up for discussion: Will the war drums become louder; Germany biting off the hand that feeds it; Greece and Italy should leave the EU now; the US and global inflation; the UN agenda 2030—(un)sustainable development goals; and markets.

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