This chart (via) marks the point where economics switches into ontology (and not in a good way). Global government debt issuance — undiminished in its absolute scale — has for the first time ever been entirely swallowed by money production. Postmodernism has unambiguously triumphed, at least temporarily. It’s a thing of wonder, and not a bad exemplification of objective evil (as Gnon acts upon it). Reality, for the moment, is benched. (This does not end well — but we know that, right?)
SoBL has a highly relevant forecast post addressing this syndrome, which has been a long time coming, and no doubt has at least a little further to go.