I think we’ll see other things first to hide the Political machinations from people. Those with a financial interest in the economy will not lose money. They will have to be compensated one way or another.
The Government’s dilemma (any government) is that it has three masters...
The country’s financiers, the international power structure, and the populous.
The bind it is in is that it has to pay their financiers, obey the power structure, and appease the populous. But, we’re nit in this alone. All counties have been following the same path for twenty years or so. We are all in this together. One global community.
So, how do you pay the financiers in a deflationary depression, and keep the populous from revolting?
I think they will keep ringing money and let the economy fail, and they will point to all the other countries doing the same, and say, see, it’s just the way things are. They’ll start wars all over the world and blame in on their enemies, and they’ll take away your access to money and give you credits which they’ll tell you are safer and more convenient for you. They’ll pay you to adopt the currency and they’ll point to other countries and say, see, they’re all doing it too.
20years from now most people will rent their homes from a major stakeholder capitalist. You’ll either have lost your home because you couldn’t afford the mortgage, or you’ll lose your home because you couldn’t afford to bring it up to spec to meet the new climate carbon footprint specifications. But there are plenty of corporations with the money to buy up homes en mass and make them suitable for human occupation.
Each of these suppositions has been written about and published, by the WEF, and the UK Government in one form or another. People are just people in the macro economic sense. They are a resisting force to be acknowledged and addressed. But the world moves on despite them, so they are largely irrelevant. They were writing about this stuff twenty years ago, laying out the steps to be taken, and publishing it for all to see (ignore).
Rest assures, the big reset is coming, you will eat less, you will own nothing and you will be happy. We spend way too much time in our own little insular worlds and too little time watching the world outside our doors and asking questions like, why?
If they don’t take you to war, and they don’t hide this depression with a CBDC, I think we’ll hit 12% in 2026/7 (which would put many mortgages at 15%) and I’m think it’ll last for three tears with a dip in the middle somewhere. I’m probably wrong, but I’m planning for it nonetheless. But once the BoE base rate is above 5% it’s not dropping below that few couple of decades IMHO.