aquascoot wrote on Oct 9
th, 2022 at 5:58am:
without russian oil, gas and wheat, probably your unleaded will hit 4 dollars a litre.
your electricity bill will double.
food prices will double
this years crop will fail (russia supplies over 1/2 the worlds fertiliser and 90 % of the potash which is essential to grow rice) and next year we should see a famine
global trade will be shut down to a fairly large extent
opec will see this as a way to hike prices.
blackouts will become the norm
germany will cease manufacturing and their will be huge hikes in car prices.
europe will be in deep depression
china will be in depression
africa will be in rebellion
australias terms of trade will collapse
inflation will run at 10 % and as rates rise banks will start to fail and the government will have to print a trillion to bail them out, making inflation worse and the pension all but subsistence.
super accounts will tank.
but its all good, ukraine is winning back their rubble and can live amongst the rubble for a decade as no one will have cash to bail them out.
and aussies can face the blowtorch of pain, food shortages, mortgage defaults, petrol rationing, blackouts, crop failures and civil unrest.
should be a great time for the apex gang and people who can live in the bush and have learnt resilience.
the inner city elite are about to get tooled
this years crop will fail?
I don't think so.
If anything farmers have over fertilised the soil with chemicals -
that's why we have blue green algae problems in all our river systems and dams -
too much fertiliser runoff.
Plants are adaptable -
their roots will grow deeper to find nutrients.
It wouldn't hurt at all to not use fertiliser for a few years.
After 2 years the world could be in trouble - so let's say 2024 or 2025.