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Re: Elephant in the room
I agree with you on the future direction of coffee prices, but it seems to me the elephant in the room is the government response to covid. The cure is causing a lot more death than covid itself - by a huge magnitude. UN forecasts 130 million people in third world will starve to death due to lockdown policies in first world nations. The fear that has been stoked by government, news, social media, etc. in order to justify totalitarian control is unprecedented. Here is a quote from historian kenneth clarke on fear and how it has historically been the main reason for the collapse of civilizations:
"It took Gibbon six volumes to describe the decline and fall of the Roman Empire, so I shan’t embark on that. But thinking about this almost incredible episode does tell one something about the nature of civilisation. It shows that however complex and solid it seems, it is actually quite fragile. It can be destroyed. What are its enemies? Well, first of all fear – fear of war, fear of invasion, fear of plague and famine"