The notion that inflation precedes societal collapse

While not universally true, this is an important consideration.  Watch this great video from Academy of Ideas, keeping in mind that recent inflation has not been tamed around the world, including in America despite metrics pointing to a possible ebb in progress (thanks predominantly to on-going interest rate hikes that entail their own special problems).

Europe is bound to see further inflation coupled with energy and food concerns, China is facing a myriad of societal problems, while in America the problem will be slower to fully materialize but as purchasing power continues to diminish, expect to see growing unrest without real solutions being enacted.  And don't expect those with Democrats wanting more of the same, and Republicans, with only Congress in their column, will be roadblocked in any ideas they put forward.  Gridlock will only ensure that not much gets done.  In 2024 after a couple of what will probably be bad years, the Democrats will blame obstructionist Republicans and the GOP will blame "more of the same" Democrats.  The only shorter term hope for America, is a Republican sweep in 2024.  That's probably true for the longer term as well.