The basic predicament we are in is that the current crop of leaders in the halls of monetary and political power do not appear to understand the dimensions of our situation.
The mind-boggling part about all this is that it’s not really all that hard to grasp.
Our collective predicament is simply this: Nothing can grow forever.
Sooner or later everything must cease growing or it will exhaust its environs and thereby destroy itself. The Fed is busy doing everything in its considerable power to get credit (that is, debt) growing again so that we can get back to what they consider to be “normal.”