For a detailed description of the grim painting see here
CHAOS NUMBER 1: COVID
It is interesting that with almost 200 countries in the world, each country has different rules how to deal with covid. If all these rules were based on science, you would have thought that the rules would have been the same for all 200 countries.
In Sweden for example, there has been no lockdown, no quarantine, no closed shops, no mask requirement and industry has operated normally. Covid cases and deaths are at the lower range of the European average. Hmmm – so much for all these punishing rules in most countries.
The consequences of these constant changing of rules and shutdowns will clearly have a devastating effect on an already very fragile world economy and financial system.
CHAOS NUMBER 2: GLOBAL DEBT
But before this financial system ends, the totally worthless debt must be destroyed through a deflationary implosion not only of the debt, but also the bubble assets financed by printed money created out of thin air.
So a deflationary depression is likely to be the end of yet another failed experiment of a fiat money system which was doomed the day it was created on Jekyll island 111 years ago. Jefferson of course told us this would happen already over 200 years ago.
If history teaches us anything, it is that no one learns from history and everyone thinks it is different today because we are here.