Reply #3: We're seing a lot of fake money

[Warpy]

that was predicated on ordinary folks being able to pay off all their debt vanish into thin air.

That means we're all going to be poorer and that there is tremendous deflationary pressure. When that pressure hits the supply side, they cut jobs and increase that pressure.

You can't starve the peasants and force them into debt for long before you reach that tipping point. We've not only reached it, we've gone way over the edge.

I fully expect the stock market to go well below its floor adjusted for inflation in the next two years. It will likely take at least a decade to recover at all.