Central Banks have created a debt bubble by lowering the interest rate. Banks create cheap loans with the debt created from central banks. Credit expands. My pe

Central Banks have created a debt bubble by lowering the interest rate. Banks create cheap loans with the debt created from central banks. Credit expands. My personal opinion is that is that the debt cannot be payed back. Also there is lots and lots of debt in derivatives. I think that the debt is deflationary in the sense that companies use the loans to automate. Prices are also kept low by globalization. Prizes of local produced services are increasing. I am trying to say that the wage inflation part of central bank policy is not happening on goods due to automation and globalization.