How would you cope ...
 

How would you cope if the world economy collapses?  


vietzone
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The global economic landscape is shaky, and it's only getting worse.

We're seeing a significant amount of unrest in the world, which is leading to a lot of volatility in markets.

We're seeing Russia shut off gas pipelines to Europe, which has led to an energy crisis. We've also seen Russia continue its war with Ukraine. The U.K.'s inflation rate is also high, while Japan's Yen continues its downward trend. China's economy is taking a big hit due to the government's zero-covid policy, which has caused protests throughout the country. Many stocks are crashing around the world, and earnings are low for companies while salaries are high.

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Hanbin_Fan
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I mean, if everything crashes all at once, doesn't that level the playing field? I mean we don't have to worry too much about countries but I think the rich people at the top will likely take advantage of this. Didn't that creepy German guy that owns the World Economic Forum write a book about the "great reset"... Like basically forcing everyone into equal poverty where no one owns anything and has no privacy... I am more worried about those people.

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vietzone
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@hanbin_fan yes I heard of the great reset. It's all in the name of fighting inflation but I think it will make a lot of rich people even more rich.

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douknowhat
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I am not sure I would cope. I am not well off. I don't have money saved. Even if I did, would it matter? If the markets crash, the value of money goes down so much that it would be useless to have a savings. 

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Habanero
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I am not worried about the economy collapsing. I believe that if it does, we will find a way around it. There are too many people who are invested in this world for it to fail completely. We have seen many recessions before and each time we have gotten through them. So I am not worried about it happening again.

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TeresaNguyen
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People have always found a way out of the ashes. It is just not going to be fun for awhile. A lot of people in the US are talking like in a few generations, most people won't even have AC in their homes or apartments anymore. They will be born into having way fewer luxuries and won't even realize it. 

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weenie
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I wouldn't. I would panic. lol

I don't want to see it come to this and I pray it doesn't but it certainly seems like that is where we are all heading. Food shortages are going to be bad this winter.

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