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What has happened over the last five years is no different to what would happen if I lost my job but didn't tell my wife.
I would pretend to go to work every day and borrow a huge amount of money against my house so that everything appeared normal. She would think things were ticking along nicely.
Until the day dawned when I could no longer borrow and our house was 100% loan collateral. I would have to front up and tell her the truth and at that moment her world would come crashing down around her ears.
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sounds spot on Vitaliy.
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Europe, the EZB (European Central Bank), is also available for this madness - our future is burned
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Except that what you describe is true for the known world, not just one couple, a few people, or a few hundred million people. Monetary value is already contrived.
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