Janet Yellen warns high prices could be here to stay

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[–]DragonFly 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

the upcoming devastation that will hit the world's economies is unlike anything that we have experienced before.

many people like to think that "things" will magically revert back to the way they were, but that never happens.

when the economies of the world finally crack, billions of people will be unable to put a roof over their heads and wont have food to put in their mouths.

money will be the least of their concerns..

[–]Hematomato 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I think we generally agree, except perhaps on the meaning of the word "upcoming."

My best guess is the economy will keep chugging along more or less as it has for the last century, with boom and bust periods - for about the next fifteen to twenty years. And then in the early 2040s, all Hell is going to break loose. Massive global famine and resource wars.