Sri Lanka is the first of possibly many countries to fall or suffer serious consequences in the next year or two.
Inflation, coupled with a rally in the strength of the US Dollar, is going to push many smaller nations into resource shortages and ultimately towards revolution.
Even many of the major world currencies are doing poorly. The Euro is tanking(back to parity with the dollar, for now, but it may go lower). The Yen is in trouble. We may need another Plaza Accord. There is also a very real risk that we see populist governments come to power across the EU and much of the world.
If you think the recession and upheaval is getting ready to be over with you need to take a deep dive into the macro world and see what's happening. Bank runs and a major economic collapse in China. Brazil and India cozying up to Russia for oil, with Europe and Japan utterly dependent upon them as well. Industry in Germany and much of the EU about to grind to a halt.
Your last point on EU industry is something I do not see taken seriously by any government, and it looks like it os going to be a real crash. I am amazed at the lack of strong actions from the governments, other than mere politics.
>Industry in Germany and much of the EU about to grind to a halt.
It's been striking how little discussion there is of this in /r/europe and /r/germany. (The latter has pinned a megathread for the topic, the classic way of killing discussion.) /r/de is slightly better, if only because of the absence of the constant "I don't know German but want to move to Germany and get a job" posts.
I don't mean to say that there's been nothing, along the lines of the 100% censorship that happened at /r/news the day of the 2016 Orlando mass shooter. There has been some. But there is far, far, far less. Just this week we've had
* a German minister stating that becoming dependent on Russian gas was a "grievous mistake", and that his country is begging for turbines from Canada "with a heavy heart"
* His government stating that entire industries might "collapse"
* Rationing of gas announced
* Local municipalities planning warm buildings that those without heat in their homes can visit during the winter
This is the greatest German catastrophe in 80 years. It is an existential threat to the German (and, thus, European) economy and nation. Any other topic half as serious would occupy far more of these subreddits' front pages.
I am aware of that regarding /r/germany (thus my mention of the constant "I want to move to Germany" posts); that said, there is no shortage of English-language news coverage of the issue. Same for /r/europe.
While I do not have personal experience with /r/germany's moderators as I do with /r/europe's, if they are similar (likely, given how much inbreeding there is in big subreddits' mod teams), I suspect that submissions of said news coverage is being suppressed to avoid blurring The Message(TM).
Wow, looks like you got quite a lot of downvotes. I'm guessing it's just an emotional reaction because your post is accurate. The Germans will have to cozy up to the Russians and/or burn one hell of a lot of coal and trees to make it through the winter. They'd be doing better if it wasn't for the major accident which took out the main US LNG export terminal a month ago.
Inflation, coupled with a rally in the strength of the US Dollar, is going to push many smaller nations into resource shortages and ultimately towards revolution.
Even many of the major world currencies are doing poorly. The Euro is tanking(back to parity with the dollar, for now, but it may go lower). The Yen is in trouble. We may need another Plaza Accord. There is also a very real risk that we see populist governments come to power across the EU and much of the world.
If you think the recession and upheaval is getting ready to be over with you need to take a deep dive into the macro world and see what's happening. Bank runs and a major economic collapse in China. Brazil and India cozying up to Russia for oil, with Europe and Japan utterly dependent upon them as well. Industry in Germany and much of the EU about to grind to a halt.