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March 18, 2020 — The main crisis humanity is facing right now is not a viral epidemic. It is a massive worldwide economic collapse, similar in impact to the Great Depression and World War II in Europe. The virus pricked a bubble that was already overinflated and ready to pop. All sectors of the economy have accumulated huge, unsustainable debts, and the coming crisis will neutralize them, probably not gracefully. The crisis will also dissolve many of the assets people thought they had. Almost everyone should be afraid right now. In this episode, Glenn Campbell tries to view the crisis from the widest possible perspective. If aliens were approaching Earth right now, what would they see? — Also see DemographicDoom.com — Instagram & Twitter: @DemographicDoom — See episode notes, comments & corrections on the video version of this episode at j.mp/dd_comprehend [ep 35, 19 Mar 2020]
March 18, 2020 — The main crisis humanity is facing right now is not a viral epidemic. It is a massive worldwide economic collapse, similar in impact to the Great Depression and World War II in Europe. The virus pricked a bubble that was already overinflated and ready to pop. All sectors of the economy have accumulated huge, unsustainable debts, and the coming crisis will neutralize them, probably not gracefully. The crisis will also dissolve many of the assets people thought they had. Almost everyone should be afraid right now. In this episode, Glenn Campbell tries to view the crisis from the widest possible perspective. If aliens were approaching Earth right now, what would they see? — Also see DemographicDoom.com — Instagram & Twitter: @DemographicDoom — See episode notes, comments & corrections on the video version of this episode at j.mp/dd_comprehend [ep 35, 19 Mar 2020]