There's no indication that debt is out of control, it was leading up to the GFC, it was plainly obvious to anyone who read the news that there was going to be some consequences to the shonky debt, but if you were careful, as I was, the GFC was a non-event, in fact it was pretty much a non-event anyway, the world continued on its way as usual unless you'd overstepped the mark and got caught up in the property bubble.
My Mrs was always on about it, whenever we went to a full restaurant or got on a plane that was chokka, the Mrs used to say "what about the great depression"?
I've heard all this "schiff's gonna hit the fan" for years, and if you think debt is going to initiate a moonshot for gold you're barking up the wrong tree entirely.
If people are dumb enough to load up on debt that's impossible to pay back then they're not very intelligent.
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