Deflation And Hyperinflation. Could It Happen Here?

Just like your religious apologists there are economic charlatans out to scare people into buying books, paying for lectures, putting eyes on websites.Since you gravitate so strongly toward the religious charlatans we shouldn't be surprised by your having fallen into the economic charlatan's grasp.Spread your wings, Phat. The economic future is not that pessimistic. There are other, more experienced, more stable voices out there. They are working with the same crystal ball as your charlatan scare mongers but with a lot less forced distortion around the edges.These may help.U.S. Economic Outlook for 2022 and Beyond -- The Balance

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According to the most recent forecast released at the Federal Open Market Committee (FOMC) meeting on Dec. 16, 2020, U.S. GDP growth is expected to contract by 2.4% in 2020. It is estimated to then rebound up to a 4.2% growth rate in 2021, and slow to 3.2% in 2022, and 2.4% in 2023.

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The 2021 Economy: We Are All Super Keynesian Now -- Forbes

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The US economy will continue to grow during the first part of the year, driven mostly by sectors that have benefited from the reallocation of resources due to the pandemic. If the incoming Biden administration does not impose greater restrictions on the U.S. economy, there will also be some recovery in areas that saw the greatest losses during 2020. The Federal Reserve’s easy monetary policy will continue, and for the time being this will fuel increased economic activity.

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2021 Global Economic Outlook | Morgan Stanley -- Morgan Stanley

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In their 2021 outlook, the economics team at Morgan Stanley Research says the V-shaped recovery that the team forecast in their 2020 midyear outlook is now entering a new self-sustaining phase and is on track to deliver 6.4% GDP growth in the coming year.

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This projection stands in stark contrast to the consensus, which forecasts 5.4% global growth and worries that the pandemic will have a bigger impact on private-sector risk appetite and, hence, global growth," says Chetan Ahya, Morgan Stanley's Chief Economist. We maintain that consumers have driven the recovery, and investment growtha reflection of the private corporate sector's risk tolerance and a key feature of any self-sustaining recoveryis bouncing back as well."

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So being the world’s foremost expert in all things economic I will now pronounce to all the world the god given reality that is our economic future yet to come.The long feared collapse of the U$dollar is going to happen.Just not so soon or so abrupt.The U$dollar is the store of value for all the world’s wealth. There is no competitor.There is not enough real estate nor gold nor both combined to store the present world wealth the U$dollar presently stores. As more switch to those other forms of wealth-storage there will be major increases in the value of each to the point that it will become insanely expensive to own either. And the trading of these things is done in increments of what? Micro grams and postage stamp sized suburban lots?The Great Big Basket of World Currencies is a political nightmare waiting to happen on all the world’s national banks let alone the effort needed to keep the thing in value and stable all over the world at least most of the time. That’s difficult enough to do with the U$dollar throughout each trading day let alone a dozen or so currencies roiling and boiling all over everybody’s basket. Again, it will be done, but it is not going anywhere fast.The central banks know what levers to push and buttons to pull to keep this capitalist tanker afloat and going on an ever increasing sea of liquidity. But they can’t keep it up for more than, I don’t know, another couple generations or two or three? 40, 80 +- years? The dire predictions we hear in this thread might actually come to pass given enough time.What is going to happen quicker is the revolution. Not only an economic collapse but the societal collapse that caused it. Yeah societal collapse, then economic. Shifting weather patterns, shifting social patterns, shifting economic patterns. More drought and sever winter storms. More social disparity. Pandemics. Famine.Bring on the guillotine. War.By the end of this century, certainly by the middle of the next, there may not be much need for either the U$dollar or a Great Big Basket of World Currencies.