This website is produced by BBC Global News Ltd, a commercial company that is part of BBC Studios, owned by the BBC (and just the BBC). Close to two-thirds of Russias banking system can no longer process transactions in euros or dollars. In March 2015, the central bank raised its benchmark interest rate to 30%in an effort to control hyper-inflation. In 1972, Cold War logic pushed President Richard Nixon into an unlikely alliance with Mao Zedongbringing China back into the mainstream of the world economy. Since 2016, the U.S. has imposed tariffs on hundreds of billions of dollars in Chinese imports, signed a trade agreement that dictates what China should buy, required U.S. firms to obtain a license before selling certain technologies to China and attempted to break up a major Chinese internet firm. You look at all the available data until you are convinced that a collapse is most likely going to happen. Unfortunately for the prospectors the small trickle of water was flowing through severely polluted waterholes upstream and quite a few of the prospectors died. Loading up banks with huge amounts of public debt overnight might have a similar effect, stirring doubts about how soundly the economy was being managed. When you hear of hundreds of millions of people in these poor countries dying through famine, food riots and the breakdown of social structures as the world depression continues then the developed countries will totally collapse a few years later. WebEither way, we are on a track to a serious recession before 2040, now that recession might lead to collapse somewhere after 2040 or we might get out of it if we somehow implement right climate policies and technologies, that's what's unknown for now. A 1972 report predicted the collapse of human society by the mid-2000s. You know all this to be true and can easily add more to this list. In a city, even rats themselves could be a regular supply of meat for quite some time. Many small rock and coral crabs may be poisonous to eat. Weve used that data to map some of the key geographic and political shifts in store for the world economy.
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