At the base of the economic pyramid, consumer saturation ownership of daily used commodities facilitated by easy credit and citizen high personal debt; asset overvaluation of major purchase items facilitated with 1930’s era low interest rates; historically high corporate debt load with non value added and formerly illegal buy back purchases of corporate stock which have been further facilitated by corporate tax cuts unlinked to product creation and innovation; financial derivative products exponentializing risks in a nonlinear down market; and unfunded pensions represent the basis of a debt dependent crash of historical proportions. This inevitable and inexorable crash was expected in 2020 and completed an 1807 US hegemonic Great Saturation Fractal Series of x/2.5x/2.5x :: 36/90/90 years with nadirs in 1842-3 after the panic of 1837 and in 1932 after the crash in 1929. With the exception of pensions and derivatives, the foundations for the debt dependent asset overvaluation and asset over ownership saturation 1837 and 1929 crashes were similar to the current one. Now superimposed on that expected 2020 devaluation is the sudden unemployment of 20-25 percent of the global workforce secondary to the pandemic.
Starting in February 2020, the ongoing daily decay fractal series is 10/24/19 of 24 days. Even with the unlimited support of central banks expect a nonlinear fractal devaluation of 80 percent and more of the global market’s current valuation.