We are entering a new era. I don't really care since I have my defined-benefit pension, but I can't figure out what we are into this time. As a physics person, I look into fundamental forces. The dirty thirties had a fundamental force of over-population for food and the economy. These population cycles always led to Napoleonic war, and somewhat mitigated in the last few hundred years by shipping people to new lands.
Many of current terrorist problems are basically food riots. In the 30's, they just got on trains and moved around with giant hobo camps. Imagine if they were angry and had guns. In the Arab countries they wasted all the oil boom money, and didn't worry about food. Now it hits the fan. Even Saudi only has a year or two before food riots, since nobody wants oil. And if this is true, nobody will want oil again.
So what will happen to us in North America, since we can write off the Euros. :) Our banks are issuing negative interest bonds backed by Canadian mortgages. This seems stupid, since the mortgage fees will go to zero, or perhaps people will be paid to buy a house. It will just like the Americans, with their free mortgages (due to a tax writeoff). Housing prices will go to ridiculous levels if we pay foreign investors to pump up house prices. Like I've said before, nearly all the luxury condos downtown are sealed and empty. I don't how Tory is going to tax that. Who can prove a house is empty? We'll soon have Uber-House, where people zoom to a house to make it looked lived in. :)
All insanity ends in tears. All available money will go to housing instead of sound investment. We'll be like the Arabs, gorging on housing as a form of oil boom. I'd advise my kids to ride this boom, and then cash out, and buy a small hydroelectric dam. :) Of course, everybody wants to ride and cash out just before it crashes. Never happens.
On a positive note, this will hit the rest of the world worse than us. We will continue to attract the best brains from all over the gutted world. When the silliness ends, we will recover. Although the first article rails against the 'elite', they got the nuclear bombs, and their secret accounts in Panama. The world is basically safe. :)
ps. the problem with coming up with something good for the world economy is that you have to be a psycho like jobs-musk-linus to push brains until they drop dead. vw tried to do in euro 'Make a clean diesel or we'll kill you.' and look what happened. They came up with a simple program and went back to their euro life. :) Did you notice the artificial leaf people were mid-east? Building things at the nano level will be the new economic driver.
pps. I can't tell how many people are actually reading this because the Russians are link-spamming my blog. Must have listened to trumpy. :)