Friday
The famous Rudy Vallee song from 1932. The Great Depression began in 1929 with the collapse of the stock market.
Amost exactly 100 years later, we are about to witness something worse. There are two significant differences between now and then.
One is that many people left the city and returned to their home farm. They didn’t flourish, but at least there was something to eat there. How many people have home farms to return to in the 2020s?
Two is the phenomenon of ‘just in time delivery’. There are no backups of anything anywhere now. When the supply chains crumble, the supermarket shelves will be empty within 24hours.