Great point. And not only that, but the world supply is being flooded with unwanted USD as various countries stop holding it for petrodollar reasons, aka they don't need it for trading oil, and they don't want it as a reserve currency nearly as much. So there's all this unwanted USD floating around, and the value per USD is going down as a result of the enlarged supply and lowered demand.

So the Fed is having to raise rates to not only combat the covid stimulus inflation, they also have to counter this post-petrodollar swell of USD with rate raises as well. So it could get really nasty if they want to stabilize the currency, we could see lending rates go to 15-20%, which means money will be impossible to get. So any business or household operating on credit is now on a crash course to failure unless they can gain financial self-sufficiency because they can't get a loan or refinance their loan this time, not on their house or car.

Hence the sharply growing credit card debt in the graph. It's going to be a very rough ride for those accustomed to the 0% Fed interest rates of the prior 12 years.