Will there be an economic collapse?

With all the chaos and money printing, will it lead to a recession? Economic downturn? Great depression? What do you think is going to happen? What will be the fallout from Cov-mania?

My own personal opinion on what is going to happen is based on trends we have been living through. The system of capitalism we use doesn't allow for most people to accumulate capital. This means that most people have no reason to support the current system, and every reason to destroy it, including the livelihoods of people dependent on the system.

We can see this kind of anti-system trend with the rise of loony communism, not grounded in reality, as well as loony communistic hijacking of movements such as the climate change movement. People are not being offered a workable system, so they look elsewhere, even to loony ideas.

I think that we are going to see a collapse of the fiat economic systems. When it happens the number of people with no interest in preserving the system, and every interest in destroying it will swell rapidly and suddenly, shifting the scales dramatically. It won't be the communists that control the outcome, but anarchists as well as chaos (the ultimate tactician). People are burning 5G towers, but soon they will be burning banks and other institutions. Entire cities will go up in flames. The kindling has been building up for over a decade and we are about to see it light up like the 4th of July. People will be surprised how fast it all burns to the ground. Many will temporarily abandon cities as they escape to the countryside and their hometowns.

I think at the same time, people will take refuge in the crypto-economy. As the fiat economy weakens, the crypto-economy will become stronger and more powerful. We have already been seeing that, as investors lose confidence in traditional fiat investments.

New economies will boom in the crypto-world. New economics will rise. Blockchains such as HIVE will rapidly grow, providing a system of superior values to what went before, as well as filling in the gap of $ generation and capital accumulation for many people across the globe.

That's my brief take on the future.