>>20141707They really have no concept of what all this means. I try to explain it as best as I can but I think people are too fixated on the quantity of dollars they can accumulate and nothing else. It's true, though, that for normies every single "downturn" in their lives has resulted in a new all time high. Even boomers have known NOTHING but declining interest rates their entire adult lives. Ever since 1983 the U.S. GDP has not grown at a pace faster than the increase in debt/credit. That is the year America did the Wile E. Coyote and ran over the cliff, running on air.
The question whether or not it can all be brushed aside? For everything to turn out "ok" would mean we basically found some "trick" that can wash away hundreds of trillions worth of toxic-debt paper evaporating from all of our collective balance sheets.
Think about it, imagine is Jerome Powell and some other central bankers standing up on a stage performing petty magic tricks and somehow miraculously just make the bond market disappear and every is made whole. The trick is the system is getting the masses to buy into pools of capital and that is where they do the hand-off. They operate ponzis and the assets we buy in to are debts. Insurance, stocks, real estate, basically everything is touching/exposed to bad debts and people will have to deal with the consequences that their lifes' toil will evaporate before their eyes.
