2024 Economic Struggles Highlight Growing Risks
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The global economy in 2024 is struggling with anemic growth and faces potential collapse due to energy constraints, wealth inequality, high inflation and rising interest rates.
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Repaying debt becomes increasingly difficult in a shrinking economy, while physics dictates wealth flows to the top tiers of society when growth stalls.
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The wealthy exert more control and hide the reality of peak oil, while major cracks emerge as supply chains break, debt loads weigh down nations, and conflicts flare over scarce resources.
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It's unclear how severe the economic deterioration will become, but leaders try to paper over problems by taking on more debt, risking hyperinflation.
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An outside force seems to guide the economy's boom-and-bust cycles, much like the cosmic expansion and increased complexity of the universe.