I agree.
The solution (and no one really knows what the solution is going to be) is going to be something everyone considers "impossible" today.
I see President Trump doing interesting things related to the Federal Reserve. I see the world blaming China for a lot of economic pain. I see a world of massive debt that simply isn't going to be paid.
I really think we're heading for a Jubilee. Basically all debts cancelled. Take the pain! There isn't an alternative. Start over with an economic system that makes debt much less likely.
I think we may take an alternate path oft used by insolvent countries.
We will just issue a new currency. I’ll even suggest it may be a cryptocurrency or other digital currency.
“Old debts” paid in Dollars of today. Economic activity will gradually transition to “new dollars” which will gradually eclipse “old dollars” which can then be printed in any amount to pay debts.....sort of like what we do now.
Old dollars will be inflated away....so will social security, pensions, debts of all kinds.
I think that’s how the problem is “solved”