Your description is wonderfully exact.
The USD base economy will have to come to an end for the good of mankind.
Never again will US have the capacity to create aggression all over the world.

The legions were withdrawn at the beginning of the 5th century, and very suddenly, civilization seems to have disappeared.

The conventional explanation is that the Saxons and Angles invaded. But looking more closely at the historical record, the Saxons took more than a century to take over.

And yet, almost immediately, neither public nor private buildings were maintained; the rich started to bury their treasures in their gardens, never to retrieve them. No locally minted coins have ever been found.

Of course, with the legions left the spending power of the soldiers. But on the other hand, Britain no longer had to pay tribute — in net, surely a gain, as Britain was known for its rich harvests. Also, Roman Britain was not nearly as ossified as Byzantium a thousand years later. Right up to the end their was bubbling religious controversy, homegrown attempts to save the empire; you could purchase silk in Colchester. With much farmland claimed relatively recently from forestland (in comparison to the Mediterranean), Britain must have been the “Asian Tiger” of the empire.

What happened is the velocity of money decreased drastically — and, it turned out — never recovered. Payment of soldiers and payment for wheat, collected back in taxes, insured that money circulated. All of a sudden, this circulation ceased — real collapse and the psychology of collapse feed off one another. The institution of the church continued, but, as Hamilton observed, (sometimes) taxes are necessary to overcome mankind’s natural laziness, and the Church, in those days, neither taxed nor spent enough to make a difference.

Consider this, Daily Reckoners, when you advocate that the Fed simply take back the credit it has unwisely extended. As a poet once wrote, in a vision contemplating another ruin:

Go, go, go, said the bird: human kind
Cannot bear very much reality.

There is no way this is going to end without bankruptcies, liquidation, reduction in debt and lower standard of living (which was anyway a mirage … having a income of $100 and enjoying the lifestyle of $500 .. with $400 of debt every month mind you for quite a long while)

Common sense tells you that .. take a household … see how they would deal with this … and MULTIPLY

Why can’t these cartoons (policy makers) see it and have it done with soon enough.

at least we can have a recovery early …