
Originally Posted by
David A. Rowe
Now we're having to ask questions like... what happens when we've shut down all of the oil wells that we can and are running out of room to store crude instead of how long can we operate by selling it at a negative? Or what happens when people try to shift back to restaurants, but that supply chain is completely disrupted in the immediate sense, probably done for most of this year, and a lot of crops and producers are already spoken for for another 3-5? Even if they reopen, what are they gonna cook and for how long? Who's going to be buying it? How much longer can the grocery store supply chain keep up with the demand? The animals have been slaughtered, the dairy has been dumped, and the crops have been tilled.
We've never been here before. Will the rationing from WWII work AFTER you've created such imbalances and deficits in supply and demand? Will everyone jump back into working with grit and determination, or is everyone just going to go on UBI for the next five years until we collapse? No one knows, but my basic sense is that we're not even into the worst part of this yet with regard to the economy. It's absolutely a possibility that I'm wrong, and I would be absolutely THRILLED to be wrong.