I agree with you, except that there's something else that nobody is thinking about: rising inflation will necessarily require higher interest rates. Investors don't tend to just give away money, they are lending their money with the expectation that they make some money back.

There are people who have absolutely no business owning a million-dollar house who have a million-dollar house because you can get a mortgage for less than 2% right now. The historical average 4 mortgage has been kind of messed up in the past 20 years because of all of the attempts to keep the real estate bubble going, but generally speaking the average over the past hundred fifty years has been something like 8%. for an overwhelming majority of homeowners, if mortgage rates reach 8%, those people's lives are over. in some areas you can walk away from the mortgage and just hand the keys back to the bank, but in a lot of places that's not actually an option. In a lot of places if you can't afford to pay your mortgage, you still owe your mortgage.

the other thing that will come out of such a thing will be government bonds will rise. This is happened within most of our lifetimes. If you ask a baby boomer, around the same time that their mortgage was 20%, you can invest your money in the government bonds and be making 30%. It was absolutely insane. A lot of people lost everything, and a lot of other people made their Fortune just saving money. The downside to high government Bond rates is the money to pay for the privilege of borrowing money rises. I'm not talking about the amount of money to pay back government debt, I'm talking about him the amount of money to hold government debt. In 2008ish, when Central Bank rates were actually very low, the amount of maintenance on 8 billion dollars of debt was about 400 billion dollars. if you scale that up to the current debt, you're looking at spending more money just maintaining the debt then you pay for most things in the government. You would be representing something like 80% of personal income taxes collected, something like five times the corporate income tax collected, more than the entire withholding tax, twice what the US spends every year on the military, an absolutely massive amount of money. That money doesn't go to do anyting, it's completely non-productive money. It will have to be collected as taxes, but it will go directly to Banks and they will be absolutely no services provided by the government for that money. The likelihood is that taxes at all levels of government will go up massively.

Venezuela's currency has been in free fall for years. The Venezuela 10Y Government Bond has an estimated 46.582% yield, and a near 100% likelihood of default. The inflation over the past few years has seen the buying power of a bolivar drop hundreds of thousands of times. It's hell. People are mining bitcoin hoping to get enough sustainable currency to buy food.

Imagine at the same time that the amount of spending that your daughter will do drops, the number of dollars that you're getting are also dropping because taxes are going up at a meteoric rate.

I called back in March when I first heard about everything they were doing for the coronavirus, stagflation is coming. People talk about the baby boomers and how easy they had it because their $30,000 houses became half million dollar homes, but we're about to find out that it was unimaginably difficult.

the socialists and ubi proponents have gotten to live their dream for the last 3 months, I think very soon we will be seeing the other side of the Utopia, when you run out of other people's money to spend.