From Tuomas Malinen on Geopolitics and the Economy.
Worst-case developments discussed:
Wars in Ukraine and in the Middle East spreading.
Inflation shock leading into a financial collapse.
Authorities issuing a financial lockdown.
Global control mechanisms introduced.
We at GnS Economics published our traditional three scenarios (optimistic, pessimistic, the most likely) for the following year (2025) over the past weekend. We have had the habit of publishing these three economic scenarios since 2018.
In this entry, I will envisage the economic and geopolitical worst-case scenario for 2025. To familiarize yourself with the economic calamity we would be facing, I urge you to check my series on Economic Collapse. In this worst-case scenario, everything naturally begins on wars.
The worst-case scenario for 2025
War in Ukraine escalates into a (nuclear) conflict between Russia and NATO
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