To many of us who view the economy under "old school rules," the economy become a glorified pyramid scheme. The growth of debt moves us down the path towards a Minsky moment where an unsustainable mountain of debt collapses in upon itself. When this happens the only safe place to store wealth will be in "tangible assets" and the only lenders will be those who print the money that nobody wants.
History shows that at some point when inflation begins to exceed the rate of interest paid people start altering their buying habits which can create a self-driving feedback loop. The article below explores such an event and the ramifications that come with it.