I don't know what to call anymore in this strange financial climate....
Extrapolate the rich getting richer and the poor getting left behind. It's not a pretty scene. More and more of the majority of the world is landing up in debt and basic food will start getting vastly more expensive now as almost all economies of scale have been leveraged. Just to get your standard retail loaf of bread requires wheat farmers, truckers, millers, food preservative scientists, branding and marketing people, packaging people, more trucking and retailers. Or you could live in an off-grid community with wheat farmers, millers and bakers. US social security goes bankrupt in 2020. The US itself seems to think it can avoid its more than $20-trn debt, trusting they can just print more and the same old morons will keep buying and rolling their bonds. Interest rates are climbing and inflation is nowhere to be seen. QE has blown most of its gunpowder. Unfortunately we are heading for a huge financial reckoning with years of negative market returns ahead. But we will come out of it a little wiser, more ethical and caring for the planet. The robots will be doing all the work and the government will pay everyone basic income grants. Unfortunately for most this will barely buy hydroponically-grown lettuce and stem-cell grown meat alternatives (yuk), never mind travel the world. Governments will of course get bigger and bigger, when they should really be getting smaller and the people should be more free.
