The Greater Depression Scenario
Finance and Markets
Stock prices will drop more than 90 percent
Real estate values will drop at least 80 percent
States, provinces, cities, and countries will default on bonds in record amounts
Many pension funds will fall in value and be unable to deliver on promises
The Federal Reserve in the US will be abolished
Currencies will be reformed or retired
The rich will be vilified.
Financial news networks will go off the air
Commodities will decline in value substantially
The IMF and World Bank will become unfunded
Deflation will run rampant, at least at the beginning
Investments of any kind are not safe.
Interest rates will move up.
Taxes will rise.
We’ll fall into a deeper depression than the 1930s
Unemployment will peak worldwide at 25-50%
Governments will restrict trade
Many insurance companies will fail
Family members will move in with each other
Food and water will become expensive and scarce
Homelessness will increase.
The President’s and Prime Minister’s popularity will reach all time lows
US voters in 2016 will be really angry.
Elections will be tumultuous
Terrorist will attack and cause more damage than 9/11
Some US states will split into smaller ones
The United Nations will be suspended
Socialism will become more prevalent
International travel will be restricted
Marijuana will be decriminalized in the US and Canada
Cyber attacks will increase and become stronger
People will blame government for the downturn
Suspicion and hatred of foreigners will grow
Public demonstrations will become violent
Governments and citizens will clash violently
The birthrate will continue to decrease
Epidemics will increase in number and severity
Films will break new ground in horror
Major sports will need to restructure
The suicide rate will go up
College attendance will fall off
Luxury will go out of fashion
The Olympic Games will be cancelled at least once
One or more of the sciences will go through a paradigm shift
Terrible activities will take place.