Bloomberg asked economists to guess what the world would look like after the Coronavirus and the Coming Depression have wreaked havoc upon us. The Powers That Be are determined to keep us in lockdown until the very last small business is closed and its workers discover that government can’t afford to give them more benefits because we hit the Hyperinflation Wall. That is when a 10% increase in spending leads to a 20% increase in prices. That is to say showering another trillion dollars on billionaires and illegal aliens will raise our prices or more importantly cut our purchasing power 20%.
So what will our world look like in 2021 or 2022?
A former advisor to the Chinese cabinet said we will head to a new Cold-War era between the US and China and that China will crawl back into its origins as a Chinese Communist state. Not sure I agree. Years ago I read in ZeroHedge that 21,000 Chinese people have $4 billion in British banks in the Caribbean. And Asia Times magazine said that the Big Banks launder $500 billion a year in political bribes. They estimated that 40% of that money came out of China. The wealthy Chinese know that governments are not permanent. When the people can’t feed their children, Chinese leaders know they will need an exit strategy and destination already in place...........read more...........
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