Inflation rates are rising,
Venezuela has an inflation rate of up to 3000% which means a cup of coffee is the same value as what an apartment is used to be priced at.
Inflation rate in argentina is at 25%
It will be a domino effect. It will affect USA and other countries also.
Services and goods will not be accessible. Loss of jobs will result to companies closing, which will mean scarcity of these goods. Supermarkets will close, banks will close, no electricity, no water, and no internet because of inflation. Grocery strores will be empty because of this hyperinflation.
People are now killing for food in Venezuela, it will be the same with other countries. It will be the worst ecenomic depression since 1930s and 2008.