Honest growth driven by low cost energy is over.
What’s left is fake growth driven by debt and money printing.
I think the illusion of growth created by debt and money printing will eventually end when something awakens the herd to the bubbles and causes it to sell assets in a panic which will harm a lot of people, including innocents without assets.
On the other hand, if I am wrong and central banks continue to succeed with their illusion, then it seems the end game will be 90+% of assets owned by the 1% elite, and 99% of citizens angry and impoverished by a destroyed currency.
It would be so much wiser and safer to accept the necessity of a decline in our standard of living, and to allow the economy to deflate with taxation policies designed to prevent the wealth gap from widening as everyone becomes poorer.
I understand that it may be impossible to orchestrate a gradual deflation without triggering a crash, however every day that we postpone reality increases the pain we will eventually experience.
There is no free lunch.