Coronavirus will precipitate a long economic depression, so be prepared for a very different and much more difficult world.

The coronavirus pandemic is a revolver held to the temple of the global economy with three bullets in the chamber. The finger pressing the trigger has released its first bullet, plunging the world into economic contraction and recession.

The second bullet has also been released, but it remains in its trajectory. It will, when it finds its target, send the world into a deep economic depression. This will be a deeper depression than even the Great Depression of the 1930s, and certainly far worse than the Great Recession of 2008.

The third bullet remains locked in the chamber. This bullet, if released, could initiate the final destruction of mankind by beginning a cascading sequence of tragic events — from climate change tragedies, to pandemics even worse than the present one, to a third world war ending in apocalypse.

 

On ‘thin ice’

It is too late for mankind to mitigate the first two events. However, the third and final event is very much up in the air.

The teenage climate-change activist Greta Thunberg is a forerunner to that sequence of events, and her words are a chilling warning. The child is providential, and a gift from God.

Her assertions that thoughtful governance and a stress on an environmentally friendly, eco-sustainable, and socially oriented economics that will save the day will either be acknowledged or ignored to the destruction of our habitat.

The problem is the evil, greed and selfishness of human beings. Are people aware of the thin ice we are all walking on? In any event, we’d better all get prepared for many years of economic woe.

 

Patience

The best quality to possess today is patience. If experts believe this virus will be gone by early 2022, then the next 24 months are going to be lean and rough.

The years after 2022 will be equally rough as the globe begins a precarious journey to sustainable economic growth.

The main question today for every responsible government and citizen is how to survive the coming seven lean years.

 

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