Deflation and its consequences.

No.13046511 ViewReplyOriginalReport
At this point, it's rather obvious that deflation will happen. Due to the sheer size of the bubble (demographics, for example, indicated 2007), the decline will be massive. The initial 'correction' may fuck up VAR, which is going to make everything even worse. This unironically might be 1929, but during a pandemic. The only probable thing that may save us are CBDCs. Considering how early the U.S. and the E.U. are in the development process (60%, and 20%, of global reserves, respectively), it's likely that we might get a reasonable solution a year after the depression.
I hope we can look at the implications this crash will have from multiple angles. How do you prepare yourself for the chaos that will ensue? Also, let's consider why the fuck do politicians are doing all the wrong things possible - multiplier is far below 1, and these retards increase capital gains tax, as well as create some stupid stimulus packages.

This thread is on /sci/ and not on /biz/ or /pol/, because it should be considered from a multidisciplinary angle (besides, there are hardly any intelligent people left on these two boards).