Coming crisis time line
Scholz Crisis 2025
Global Economic Collapse Timeline (1 Year): A Cascading Crisis in a Hyperconnected World
This
scenario assumes a simultaneous economic collapse across all major
countries, similar to the one outlined previously, but on a global
scale. The timeline considers the interconnectedness of the modern world
and the potential for a more rapid and severe downturn.
Months 1-2:
Financial
Meltdown: Stock markets worldwide crash, triggering a domino effect
across economies. Banks face global liquidity crisis, potentially
leading to widespread bank failures.
Supply Chain Disruptions:
Global trade grinds to a halt as countries prioritize domestic needs.
Shortages of essential goods (food, medicine, fuel) emerge rapidly.
Cybersecurity
Threats: As financial institutions and critical infrastructure become
vulnerable, cyberattacks targeting essential services become a
heightened concern.
Months 3-4:
Social Unrest on a Global
Scale: Widespread protests and social unrest erupt as people face
unemployment, hunger, and a lack of essential goods. Governments
struggle to maintain order.
Humanitarian Crisis: The collapse
disproportionately affects developing nations, leading to widespread
famine and disease outbreaks. International aid organizations become
overwhelmed.
Breakdown of Global Institutions: International
organizations like the UN and World Bank face challenges in coordinating
a global response due to internal political pressures and resource
constraints.
Months 5-6:
Regionalization:
Countries prioritize regional trade and alliances, forming
self-sufficient blocs to secure essential resources. Global trade
networks become fragmented.
Migration Crisis: Mass migration ensues
as people flee conflict, hunger, and a lack of opportunities in their
home countries. Borders become more heavily patrolled, leading to
potential human rights abuses.
Resource Wars: Competition for scarce
resources like food, water, and energy intensifies, potentially leading
to armed conflict between nations or regions.
Months 7-8:
Rise
of Authoritarianism: Governments with strong control over resources and
security may consolidate power, while democratic institutions struggle
to maintain legitimacy in the face of crisis.
Collapse of
Infrastructure: Lack of maintenance and funding leads to the breakdown
of essential infrastructure like power grids, transportation networks,
and communication systems.
Loss of Knowledge and Skills: Brain drain
accelerates as skilled professionals migrate to more stable regions,
hindering long-term recovery efforts.
Months 9-12:
Localized
Recovery Efforts: Some regions with strong leadership and resource
endowments might begin to show signs of localized economic recovery.
Barter systems and local production become more prevalent.
Long-Term
Restructuring: The global economy undergoes a radical restructuring,
with new power dynamics and potentially a shift towards a more
regionalized and self-sufficient world order.
The New Normal: The
world adjusts to a lower standard of living with increased inequality
and a heightened focus on basic survival and security. The
interconnectedness of the pre-collapse world might be significantly
diminished.
Important Considerations:
This is a hypothetical
scenario, and the actual progression of events could vary depending on
specific triggers and government responses.
Technological advancements and global cooperation could potentially mitigate some of the negative outcomes.
The human capacity for innovation and adaptation might play a crucial role in rebuilding societies after the collapse.
This
timeline highlights the potential severity of a global economic
collapse in a highly interconnected world. The cascading effects could
be far-reaching and long-lasting, fundamentally altering the global
landscape.
Sources
Scholz Crsis, Unpublished Hypothesis by Ed Scholz
Free Trade and the Future, 1989 G7 report, by Ed Scholz, published for the G7 Conference
Phase 1 (Months 1-4)
- "The Global Financial Crisis: Causes, Consequences, and Policy Responses" by the International Monetary Fund (2010)
- "The Great Recession: A Global Crisis" by the Federal Reserve Bank of St. Louis (2019)
- "The 2008 Financial Crisis: A Review of the Literature" by the Journal of Economic Literature (2018)
- "The Global Economic Crisis: Impact on Developing Countries" by the United Nations Development Programme (2009)
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