No, it isn't. There isn't going to be any economic collapse. A severe downturn, but that's it. Average Americans will be considerably poorer, but we won't have mass starvation or even another Great Depression. We still produce most of the oil we need, and a huge food surplus. One of the primary health problems for Americans is obesity.
Russia and all of its production could evaporate from the face of the planet and it would be the equivalent of Italy disappearing.
This downturn is being exacerbated by the Russia sanctions, but not caused by them. The primary causes of the downturn are the lockdowns inflicted by governments in COVID panic and the subsequent tidal waves of liquidity which must now be mopped up. Because our government is bought and paid for, most of that mopping up will take place by removing money from your wallet and mine.
Another important factor is the "green" strangulation of the economy. I hope now that people are getting a taste of the "green" economy, they'll finally spit it back out.
I've lived through a number of wars, economic downturns and nuclear bloviating by the Soviet Union and Russia. I don't see any reason to think this time will be much different.
It is so nice to see that someone else understands.
You’re joking right? You know that the globe is so short of fertilizer that mass starvation is coming ? You know that The Administration is putting in place measures to massively cut food production, economic production and energy usage? That nothing like this has ever been done in the history of mankind ?
This is DELIBERATE starvation and economic collapse, nothing like your previous experience. With all due respect, you have a serious failure of imagination, unable to see that the future could be different from what you have experienced in the past. Are you seriously justifying food shortages by saying obesity is a problem? This is mind boggling. People are overweight so let’s starve them. Can you hear yourself? This isn’t even reasoning it’s just plain sticking your fingers in your ears and refusing to listen to reason.
It’s not a question of Russia’s GDP. It’s a question of physical reality - without Russian fertilizer the planet cannot produce enough food to feed 8 billion folks. It’s a question of biology not GDP. The vaunted American food surplus could disappear in a single growing season.
Now back to the Ukraine issue. Regardless of whether we have economic armageddon or not - bottom line, Ukraine is not an American interest. It’s not a Westen interest. It’s of no interest to anyone except themselves and Russia. America needs to keep its nose out and deal with internal issues that will destroy the country in a generation if not solved.