I think the author connected dots that aren't even dots. Anything is possible but there would have to be a massive series of negative events to make what the author is saying even a remote possibility. So while interesting, it doesn't seem a likely outcome for much of what he/she is saying.
But...if anyone thinks there's merit to the article and wants to sell me some higher end stuff for 10% of March 2020 prices, I'm likely in....