We learned from the last great depression the only way out of a demand side depression is to get into a big stinking war. I guess it would be us and China racing to take as much territory as we could hold over there. It will involve China. Not Russia, Russia is a net exporter of commodities, esp O&G. China and the US are the monster consumers. We are the ones who will have the most to lose if the ME goes fundy and some sort of islamic republic can be formed ie a Caliphate.
One final thought on how we will emerge from this depression the same ole way. Interesting isn’t it to see how quickly events in Egypt ramped up after the Chinese Dictator came to the USA and sized up his adversary in the White House.
The Chinese are famous for going some place and then crazy stuff starting as soon as they leave. Nigeria comes to mind. The Chinese went into Nigeria, got pushback from the Anglo English establishment and immediately motorcycle gangs starting ambushing oil execs driving in and around the Lagos.
Well kinda (getting into a war) we were basically brought into it via Pearl Harbor. Just wondering if Japan didn’t attack but just went their way in the Pacific. Would we have entered the war or just provide help to England.