About Modern Civilization coming to an end

Dear Gurudev and devotees,

Nityaananda ! Gauraanga ! Hare Krishna !

In 1973 Shrila Prabhupada said something like that the modern civilization will come to an end within 50 years in a morning walk.

However I am not exactly understanding its meaning. Does this mean that there will be poverty in each and every house ? Does it mean that there will be a lot of natural disasters like earthquake, tsunami etc and will there be a lot of wars ?

I really request someone to explain the exact meaning of this statement.

Thanks in advance.

Sincerely,
Mihir.

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