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by yenwel
1832 days ago
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how about physical limitations when oil well's permanently can't restart after stopping because of covid lockdowns and a lot of other reasons (mainly very rich people who became much richer and start looking at commodities at one point to spend their less valuable currency) driving up commodity prices and devaluing currencies pegged to the US dollar. This causes consumers coming under pressure to be able to buy food or shelter since wages are the last thing to rise since inflation is tax on the poor and elderly (see the commodities boom driven by high oil prices and bio fuel crazes preceding the 2008 financial crash and arab spring but at a global scale). Not to mention a lot of baby boomers are retiring burdening all civilized nations (with pensions systems) increasing labor shortages and driving up all prices. TLDR restarting economies hitting limitations and shortages that can't be fixed by printing imaginary money |
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