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CORONA: 7 years of famine
Corona Virus will precipitate a long economic depression: be prepared for a very different and much more difficult world.
The Corona Virus Pandemic is a revolver 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 albeit 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 Depression of the 1930s that precipitated World War II, 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.
If released it will begin a cascading sequence of tragic events from climate change tragedies, to pandemics even worse than the present Corona Virus Pandemic, to a Third World War ending in Apocalypse.
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 teenager 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 better all get prepared for many years of economic woe.
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 7 lean years.
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9 Responses to “CORONA: 7 years of famine”
Great read!
However, the fragile VI economy is in recession and floundering. Tourism, 1/2 of the economic twin pillars, is not functioning at this point. It is a major employer but it has hit the doldrums. Even when the lockdown is relaxed and the air and seaports reopened, the industry will not ramp back up quickly to its pre-pandemic level.
The airlines and cruise lines will have to restructure and revamp their schedules, consumers will have to regain confidence in flying and going on cruises and the economy will have to rebound from the trough of the recession, assuming that the economy is not in a depression. If it is in a depression, that will be another tory.
And until the pandemic is corralled and the economy rebounds, the BVI will have to develop an action plan to at least thread water and survive. The question is what? It is time for strong, commanding and demonstrated leadership and management that produces positive outcomes. Are unconventional approaches the answer? It is show time.