Trade Wars Return with a Vengeance, Radical Changes to the Global Economy Are Coming

by Nathan McDonald
Sprott Money

The zeitgeist is shifting in more ways than one, as the COVID-19 crisis continues to drag on month after month.

In many parts of the world, the situation seems to be drastically improving, while others—such as many of the major cities around the world—are still in a precarious situation, albeit slowly getting better.

This has led to communities isolating on not only a state-by-state or province-by-province level, but also on a municipality level. Those least affected are beginning to demand their freedoms back, while at the same time hoping they are not flooded with people from more higher risk zones.

However, this form of segregation and protectionism is nothing compared to what is unfolding on the global scale. International flights remain grounded as countries continue to keep their borders closed to virtually everyone.

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