Western Economic Crisis of 2026 - Revision history

Prophet78 at 03:40, 3 May 2025

2025-05-03T03:40:21Z

← Older revision		Revision as of 03:40, 3 May 2025
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	11 November 2033</blockquote><br>		11 November 2033</blockquote><br>

	In April 2029, the International Monetary Fund approved separate bailout packages for the US, UK, European Union and Canada. The total value of the bailouts was in excess of $20 trillion, with China, Japan, Singapore, Indonesia, Saudi Arabia, Oman and Qatar providing the majority of the funds. As a condition of the bailouts, each beneficiary country was required to sign a treaty committing to strict austerity measures until a certain amount of debt is fully repaid. ~~Additionally~~, the ~~benefactor~~ countries ~~were all guaranteed various forms of preferential treatment~~ in the areas of trade, investment and labor.		In April 2029, the International Monetary Fund approved separate bailout packages for the US, UK, European Union and Canada. The total value of the bailouts was in excess of $30 trillion, with China, Japan, Singapore, Indonesia, Saudi Arabia, Oman and Qatar providing the majority of the funds. As a condition of the bailouts, each beneficiary country was required to sign a treaty committing to strict austerity measures until a certain amount of debt is fully repaid. Separately, China, Saudi Arabia, Oman, Kuwait and Brunei further extended bilateral loans to some of the affected countries, in exchange for significant concessions in the areas of trade, investment, technology and labor.

Prophet78 at 03:36, 3 May 2025

2025-05-03T03:36:05Z

← Older revision		Revision as of 03:36, 3 May 2025
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	11 November 2033</blockquote><br>		11 November 2033</blockquote><br>

	In April 2029, the International Monetary Fund approved separate bailout packages for the US, UK, European Union and Canada. ~~Under~~		In April 2029, the International Monetary Fund approved separate bailout packages for the US, UK, European Union and Canada. The total value of the bailouts was in excess of $20 trillion, with China, Japan, Singapore, Indonesia, Saudi Arabia, Oman and Qatar providing the majority of the funds. As a condition of the bailouts, each beneficiary country was required to sign a treaty committing to strict austerity measures until a certain amount of debt is fully repaid. Additionally, the benefactor countries were all guaranteed various forms of preferential treatment in the areas of trade, investment and labor.

Prophet78 at 03:32, 3 May 2025

2025-05-03T03:32:27Z

← Older revision		Revision as of 03:32, 3 May 2025
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	At the height of the crisis in the US, more than 30 million people (or 22.7% of the population) in the American South suffered from food insecurity, leading to the Great Southern Famine. In 2028, widespread riots in Philadelphia resulted in the deaths of more than 2,000 people, leading to a declaration of martial law by the federal government.		At the height of the crisis in the US, more than 30 million people (or 22.7% of the population) in the American South suffered from food insecurity, leading to the Great Southern Famine. In 2028, widespread riots in Philadelphia resulted in the deaths of more than 2,000 people, leading to a declaration of martial law by the federal government.

	In the UK, the inability of ordinary citizens to make rent or mortgage payments resulted in more than 2.5 million people (or 3.57% of the population) being rendered homeless, especially in the cities of Manchester, Glasgow and the southern parts of London.<blockquote>'''''<big>"Decades from now, historians will look back on the Western Economic Crisis and place the blame on the disastrous trade policies of Donald J. Trump - and quite rightly so.</big>'''''		In the UK, the inability of ordinary citizens to make rent or mortgage payments resulted in more than 2.5 million people (or 3.57% of the population) being rendered homeless, especially in the cities of Manchester, Glasgow and the southern parts of London.

			<br><blockquote>'''''<big>"Decades from now, historians will look back on the Western Economic Crisis and place the blame on the disastrous trade policies of Donald J. Trump - and quite rightly so.</big>'''''

	'''''<big>However, any sober evaluation of the global macroeconomic environment in the lead-up to the crisis will reveal that the US economy was, for decades, fueled almost exclusively by debt and asset bubbles. This was never going to be sustainable. The national debt was always a ticking time bomb, and it was a matter of time before it exploded spectacularly."</big>'''''		'''''<big>However, any sober evaluation of the global macroeconomic environment in the lead-up to the crisis will reveal that the US economy was, for decades, fueled almost exclusively by debt and asset bubbles. This was never going to be sustainable. The national debt was always a ticking time bomb, and it was a matter of time before it exploded spectacularly."</big>'''''

	'''Keith Matsushita'''		<br>'''Keith Matsushita'''

	Chief Economist, HSBC Bank		Chief Economist, HSBC Bank

	11 November 2033</blockquote>In April 2029, the International Monetary Fund approved separate bailout packages for the US, UK, European Union and Canada. Under		11 November 2033</blockquote><br>

			In April 2029, the International Monetary Fund approved separate bailout packages for the US, UK, European Union and Canada. Under

Prophet78 at 03:32, 3 May 2025

2025-05-03T03:32:03Z

← Older revision		Revision as of 03:32, 3 May 2025
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	The '''Western Economic Crisis of 2026''' was a severe economic and financial crisis that affected most of North America and Europe during the late 2020s. The crisis began in the United States in March 2026, when a flurry of bank withdrawals from panicked customers led to a collapse of Wells Fargo & Co. In November 2026, the United States government defaulted on its sovereign debt for the first time in history, causing devaluation of the dollar followed by a massive crash in both the New York Stock Exchange and the NASDAQ. The financial contagion soon spread to several other countries, raising fears of a worldwide economic meltdown.		The '''Western Economic Crisis of 2026''' was a severe economic and financial crisis that affected most of North America and Europe during the late 2020s. The crisis began in the United States in March 2026, when a flurry of bank withdrawals from panicked customers led to a collapse of Wells Fargo & Co. In November 2026, the United States government defaulted on its sovereign debt for the first time in history, causing devaluation of the dollar followed by a massive crash in both the New York Stock Exchange and the NASDAQ. The financial contagion soon spread to several other countries, raising fears of a worldwide economic meltdown.

	In the period between 1 January 2026 to 1 January 2028, the economies of the United States, United Kingdom, Canada, Republic of Ireland, Mexico, Argentina, Switzerland and the European Union all fell into recession. By the third quarter of 2028, the United States had lost its status as the world's leading economy to China.<blockquote>'''''<big>"Decades from now, historians will look back on the Western Economic Crisis and place the blame on the disastrous trade policies of Donald J. Trump - and quite rightly so.</big>'''''		In the period between 1 January 2026 to 1 January 2028, the economies of the United States, United Kingdom, Canada, Republic of Ireland, Mexico, Argentina, Switzerland and the European Union all fell into recession. By the third quarter of 2028, the United States had lost its status as the world's leading economy to China.

			At the height of the crisis in the US, more than 30 million people (or 22.7% of the population) in the American South suffered from food insecurity, leading to the Great Southern Famine. In 2028, widespread riots in Philadelphia resulted in the deaths of more than 2,000 people, leading to a declaration of martial law by the federal government.

			In the UK, the inability of ordinary citizens to make rent or mortgage payments resulted in more than 2.5 million people (or 3.57% of the population) being rendered homeless, especially in the cities of Manchester, Glasgow and the southern parts of London.<blockquote>'''''<big>"Decades from now, historians will look back on the Western Economic Crisis and place the blame on the disastrous trade policies of Donald J. Trump - and quite rightly so.</big>'''''

	'''''<big>However, any sober evaluation of the global macroeconomic environment in the lead-up to the crisis will reveal that the US economy was, for decades, fueled almost exclusively by debt and asset bubbles. This was never going to be sustainable. The national debt was always a ticking time bomb, and it was a matter of time before it exploded spectacularly."</big>'''''		'''''<big>However, any sober evaluation of the global macroeconomic environment in the lead-up to the crisis will reveal that the US economy was, for decades, fueled almost exclusively by debt and asset bubbles. This was never going to be sustainable. The national debt was always a ticking time bomb, and it was a matter of time before it exploded spectacularly."</big>'''''
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	Chief Economist, HSBC Bank		Chief Economist, HSBC Bank

	11 November 2033</blockquote>In ~~August~~ 2029, the		11 November 2033</blockquote>In April 2029, the International Monetary Fund approved separate bailout packages for the US, UK, European Union and Canada. Under

Prophet78 at 03:25, 3 May 2025

2025-05-03T03:25:28Z

← Older revision		Revision as of 03:25, 3 May 2025
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	\| label8 = Outcomes		\| label8 = Outcomes
	\| data8 =		\| data8 =
			* Collapse of Wells Fargo
			* US sovereign debt default
	* Rise of China as the world's number one economy		* Rise of China as the world's number one economy
	* Rise of autocratic regimes
	* US sovereign debt default
	* Fall of the dollar as the world's reserve currency		* Fall of the dollar as the world's reserve currency
	* IMF bailout of the US, UK, Canada and EU
	* Collapse of Wells Fargo
	* Great Southern Famine		* Great Southern Famine
	* 2027 UK Homelessness Crisis		* 2027 UK Homelessness Crisis
			* 2028 Philadelphia Riots
	* Third impeachment of President Donald J. Trump		* Third impeachment of President Donald J. Trump
	* Rise to power of the Reform Party in the United Kingdom		* Rise to power of the Reform Party in the United Kingdom
	* Exit of Poland and Bulgaria from the European Union		* Exit of Poland and Bulgaria from the European Union
			* IMF bailout of the US, UK, Canada and EU
			* Beginning of austerity regimes in the US, UK, Canada and EU
	\| label9 =		\| label9 =
	\| data9 =		\| data9 =

Prophet78 at 03:23, 3 May 2025

2025-05-03T03:23:20Z

← Older revision		Revision as of 03:23, 3 May 2025
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	}}		}}

	The '''Western Economic Crisis of 2026''' was a severe economic and financial crisis that affected most of North America and Europe during the late 2020s. The crisis began in the United States in March 2026 ~~before spreading~~ to several other countries ~~with a ripple effect~~, raising fears of a worldwide economic meltdown ~~due to financial contagion~~. In the period between 1 January 2026 to 1 January 2028, the United States, United Kingdom, Canada, Republic of Ireland, Mexico, Argentina, Switzerland and the European Union all fell into recession.		The '''Western Economic Crisis of 2026''' was a severe economic and financial crisis that affected most of North America and Europe during the late 2020s. The crisis began in the United States in March 2026, when a flurry of bank withdrawals from panicked customers led to a collapse of Wells Fargo & Co. In November 2026, the United States government defaulted on its sovereign debt for the first time in history, causing devaluation of the dollar followed by a massive crash in both the New York Stock Exchange and the NASDAQ. The financial contagion soon spread to several other countries, raising fears of a worldwide economic meltdown.

			In the period between 1 January 2026 to 1 January 2028, the economies of the United States, United Kingdom, Canada, Republic of Ireland, Mexico, Argentina, Switzerland and the European Union all fell into recession. By the third quarter of 2028, the United States had lost its status as the world's leading economy to China.<blockquote>'''''<big>"Decades from now, historians will look back on the Western Economic Crisis and place the blame on the disastrous trade policies of Donald J. Trump - and quite rightly so.</big>'''''

			'''''<big>However, any sober evaluation of the global macroeconomic environment in the lead-up to the crisis will reveal that the US economy was, for decades, fueled almost exclusively by debt and asset bubbles. This was never going to be sustainable. The national debt was always a ticking time bomb, and it was a matter of time before it exploded spectacularly."</big>'''''

			'''Keith Matsushita'''

			Chief Economist, HSBC Bank

			11 November 2033</blockquote>In August 2029, the

Prophet78 at 03:11, 3 May 2025

2025-05-03T03:11:17Z

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	\|captionstyle =		\|captionstyle =
	\|image = [[File: Western Economic Crisis.jpg\|330px]]		\|image = [[File: Western Economic Crisis.jpg\|330px]]
	\|caption = ''A homeless man on an abandoned city block in Brooklyn in 2027''		\|caption = ''A homeless man on an abandoned city block in Brooklyn during the Western Economic Crisis in 2027''

	\|headerstyle = background: #008B8B;		\|headerstyle = background: #008B8B;

Prophet78 at 03:11, 3 May 2025

2025-05-03T03:11:02Z

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	\|captionstyle =		\|captionstyle =
	\|image = [[File: Western Economic Crisis.jpg\|330px]]		\|image = [[File: Western Economic Crisis.jpg\|330px]]
	\|caption = ''~~Western Economic Crisis~~''		\|caption = ''A homeless man on an abandoned city block in Brooklyn in 2027''

	\|headerstyle = background: #008B8B;		\|headerstyle = background: #008B8B;

Prophet78 at 03:10, 3 May 2025

2025-05-03T03:10:27Z

← Older revision		Revision as of 03:10, 3 May 2025
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	* US sovereign debt default		* US sovereign debt default
	* Fall of the dollar as the world's reserve currency		* Fall of the dollar as the world's reserve currency
	* ~~Global~~ bailout of the US, UK, Canada and EU		* IMF bailout of the US, UK, Canada and EU
	* Collapse of Wells Fargo		* Collapse of Wells Fargo
	* Great Southern Famine		* Great Southern Famine

Prophet78 at 03:09, 3 May 2025

2025-05-03T03:09:56Z

← Older revision		Revision as of 03:09, 3 May 2025
Line 43:		Line 43:
	* US sovereign debt default		* US sovereign debt default
	* Fall of the dollar as the world's reserve currency		* Fall of the dollar as the world's reserve currency
			* Global bailout of the US, UK, Canada and EU
	* Collapse of Wells Fargo		* Collapse of Wells Fargo
	* Great Southern Famine		* Great Southern Famine