[Ghost of Philip Marlowe]

When our central bank has no more tricks to play, we will all be forced into a “bail in” just as in the EU.

They will take a portion of savings.

When that fails, they will come for our 401Ks and IRAs and any private savings we’ve put aside for retirement.

Count on it.

[fhayek]

Here is my model. Governments initially finance their operation through taxation of the current income of their population.
Time goes on, government grows, so step two is to tax future income through borrowing.
Step three. Government finances itself by taxing previous income through inflation.
Unimpeded government spending eventually leads to step four. Outright confiscation of wealth. After that, collapse.