yep, the 2008 housing collapse very nearly wiped out enough banks to kick off the irrecoverable death spiral. money printing has worked as a way to keep interest rates low without passing legislation, with kickbacks to banks keeping them from complaining and the devaluation of the currency serving as a hidden tax to balance the books, but they went too hard and now people have noticed that a fast food burrito is $15 and wages haven't risen and they're getting more and more discontent. which is why right wing parties have seen a lot of growth globally. the easiest and least painful solution will be currency reissue. basically dollar 2.0 tradeable at 1 to 10 or 100 with the old dollar, debts in old dollars need to be approved to be honored under new dollars (basically a minor debt jubilee). the most likely solution is a slow slide into persistent double digit inflation and even more retail theft and general lawlessness. nobody will starve because food production is basically a solved problem but nobody will be able to work and make a living wage either. kind of like latin america but in north america and europe instead.
United States