NIM, I don't think things will be that bad. There will be massive corrections in our EXTREMELY wasteful lifestyles. Children will actually start eat food that they don't "lurve". Restaurants will cook food to order again, instead of precooking massive quantities so that they can serve it quickly. People will go back to making french toast from stale bread that was considered "inedible" a few years before, and they'll realize it tastes good. Someone will make a large sum of money by starting a cooking show based on how to make "turned" food taste good.

A lot of what will happen will be necessary and long overdue. I don't believe there will be famines.

People on the ETS forum will smile inwardly, as this will all have been foretold and they will have been prepared.

But overall we will persevere. I think the chance of us going into a 20 year recession are plausible, although it will be more like the "new normal" than a recession.