Will there be an "economic reset, and what do YOU think an economic/monetary reset would look like?
I don't know the answer to "will there be an economic reset" mainly because I'd have expected something to have collapsed the current house of cards long before now. The debt and debt refinancing numbers have really never added up, and the fact that the dollar has been the world's reserve currency since Bretton Woods has allowed the "system" to survive for a long time past it's logical and mathematical expiration date.
Those are my opinions, and the reset hasn't occurred. Now we find via Michigan State professor Mark Sizemore and Katherine Austin Fitts that there's been a convenient way to stash some of the unlimited money creation into black holes in the budget that aren't ever made visible for public scrutiny or any measure of accountability. The obvious conclusion is that the Fed can inflate and huge spending programs can be doled out to crony enterprises in a very secretive, unethical and illegal way. The corruption is worse than anyone even suspected, on many levels.
None of this even considers the known problems of chronic deficit overspending, changes in FASB accounting standards for mark to market, insolvent pension funds, and an incalculable matrix of leveraged financial derivatives combined with automated high frequency trading in the stock market with no oversight.
Against this backdrop, can the realities of this model continue for a long time more? I think it's reaching more than just a debt saturation point, and there's a point where carte blanche money creation becomes widely recognized as a scam. The rate of creation of goods & services has apparently lagged way behind the amount of debt and money creation by orders of magnitude.
So, do you think there will be an economic/monetary reset? If not, why not?
If so, what do you think it will look like?
I knew it would happen.