3 ms·
Yes, things are about to get really bad. The problem is that it's not limited to just one crisis: 1. Inflation - It turns out that you can't just keep printin
by bArray 4y ago
Yes, things are about to get really bad.
The problem is that it's not limited to just one crisis:
1. Inflation - It turns out that you can't just keep printing money for about a year to pay for people not to work, and expect the currency to not suffer from inflation. It's a miracle it is not further inflated (although I might be speaking too soon). As inflation increases, your monthly pay becomes worth less whilst everything around you becomes more expensive.
2. Global recession - This is coming. The euro is now below the dollar and continues to fall. The dollar will crash soon too. Shorts are increasing by the day (open any stock graph).
3. Energy crisis - Companies are already looking to migrate away from the EU during winter. Those that stay will have to battle with high-priced, unreliable (read: rolling blackouts) energy supply. I would expect work-from-home becomes a requirement. I read that the EU are looking to subsidize energy and cap non-natural gas to 200 euros a MW, but this is doomed to fail.
4. Increased social issues - Lower quality of living, less funding for social programs, less funding for police, etc, will lead to higher crime. Schools have already said they will not be able to heat schools and therefore would have to send students home. Suddenly you have millions of bored teenagers whilst their parents are at work.
5. Food crisis - This one is yet to hit. There is a bill to pay for the energy crisis, droughts, fertilizer shortages, decreased global food supply, increased shipping costs and more. I suggest everybody start slowly (not panic) buying in some excess basics like rice and flour. Worst case, it's a bad prediction and you slowly use it over the next year. Worst case, it could serve as the base of your meals during hard times.
6. Strikes - People will want to strike, but this will likely only make things worse. We will see strikes from more and more critical roles, which will only further stall the economy and make recovery further away. If you don't believe in the power of a few people striking, jog your memory to the Canadian trucker strike. Believe it or not, it could be far worse.
7. Financial commitments - Europe won't be the first to fall and will likely be obligated to help out other Countries. For example, if the EU doesn't help with the Pakistani floods, these are potentially future asylum seekers, which will exasperate the situation. You also have financial commitments to military defense and the Ukraine-Russia war. As times get tougher, things will likely get worse.
8. War - The West (US + EU + friends) are currently heavily involved in international peace commitments. It is highly likely that Countries biding time will seize on the weakness of the West and further their own agenda. I expect to see China increase their timeline to invade Taiwan (this is a matter of pride and future financial + neighbor security). I would also suggest to watch Africa which is largely debt trapped. There are quite a few other places.
There are also quite a few other factors, but this is already too long. I highly suggest to take actions now to ensure basic survival.
- seydor 4y agosurvival kit for northern europe: - It's a good time to go on diet, the economy will help you - Align your meditation time with power cuts so you can meditate in true quiet candlelight - Consider moving to the south living in a tent or sth. Warmer even without heating - Work from home (or from aforementioned beach tent) - Invest in chickens (not the chicken companies, the ones that make eggs)
- rurban 4y agoBetter idea for Northern Europeans: Move to Southern Europe or Africa over the winter and work there from "home".
- deleted 4y ago[deleted]