What’s coming, and everyone who watches prices, sales, and market, will tell you that bad things are close. Land sales, classic vehicles, home prices have stabilized, but sales have dramatically slowed. The food chains have noticed the elderly aren’t going out to eat. Credit Card debt is skyrocketing, and default of this debt could easily push multiple banks to failure creating a rolling crisis. Food prices, fuel prices, are about to spike again. Government debt is skyrocketing, and that means availability for private sector lending will plummet.
The above isn’t an economic slowdown that’s coming, it’s potentially worse even with a large money supply. Either it’s runaway currency devaluation or it’s going to be a decrease in prices. Prices start dropping, people can’t pay interest on debt, then you get depression and bank failure.
I am NOT saying this is going to happen. I am saying that’s it’s absolutely possible to start in the next 24 months. It’s Bribemomics.
Von Mises already said that. The end result is either a collapse of the currency or mass default and bankruptcy.