No debt crisis until deflation runs it’s course – which should come in waves. I’d put the whole cycle to be complete in about a decade. Things could spiral out of control with cascading banking failures in a relatively short period of time, though. It’s a very fragile system. Regardless, all roads lead to the dollar system going away at some point. How that will play out nobody can predict – but it will be interesting. The cool things is, we all get to witness it in our lifetimes.
