[TruthConquers]

When you have fiat money, which depends on an ever expanding credit bubble, a credit contraction is the end of the fuse.

Watch out, a big BOOM is coming!!!

[HangnJudge]

Watch out, a big BOOM is coming!!!

A classic answer is Warfare, or
Societal Collapse, or perhaps
Lunatic release of Bioweapon (SmallPox?)

I do not see a path that is not catastrophic...

[HangnJudge]

One possible intermediate catastrophe would be
Abandonment of Social Security, Medicare, and Medicaid

But the number of deaths in the US alone
would be an integer multiple of 10,000,000

Hospitals, Health Care, Nursing Homes, etc. would collapse

The degree of suffering will be egregious...

[Travis McGee]

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

-~~Ludwig Von Mises

“Several brokerage houses tumbled; blue-sky investment companies formed during the happy bull market days went to smash, disclosing miserable tales of rascality; over a thousand banks caved in during 1930, as a result of marking down both of real estate and of securities; and in December occurred the largest bank failure in American financial history, the fall of the ill-named Bank of the United States in New York.”

~~"Only Yesterday: An Informal History of the 1920’s" by Fredrick Lewis Allen