Lay person here. As I understand it the problem is in order to stave off deflation over the past decade we’ve continued to provide cheap government debt proppin

Lay person here. As I understand it the problem is in order to stave off deflation over the past decade we’ve continued to provide cheap government debt propping things up in the US and Europe and most of the western world. After the 2009 bailout we never really were able to put the genie all the way back into the bottle. Companies have been loading up debt like crazy cuz it’s cheap. And buying back stocks with that debt. Cuz why not. And now we have world wide huge government debts and we are in a situation where once this pandemic is done they’ll all pretty much more than double. We would right now be entering a deflationary period for certain but for the massive fire hose of cash coming off the government printing press. In fact the reason we probably weren’t in deflation prior to the pandemic is because of western government providing that continuous supply of cheap debt to keep inflation up. The result of our massive printing run here is that government debts are exploding rapidly on top of already insane levels. To fix that we will need to tax that money back but no one is going to start taxing billionaires. The printing presses are running hot to print money primarily to rescue billionaires right now not ordinary people (just look at where the fire hose is pointed). Massive inflation will be the inevitable result of all this printing and the only way the government will get its debts paid off. So we will enter a period of massive inflation and low or negative growth. The worst of all worlds.. stagflation. Most people will be worse off on the other side of this, but the billionaires will be saved. Currencies will fail or be seriously debased. The US will not be immune to this but it will last longer than all of the others. The end result is everyone who currently has debt, congratulations, the government is planning to inflate away your debt at the same time as they inflate away their own debts. To anyone who has been responsible and saved and not taken on debt. Sorry we all get fucked.