The technical term you're looking for is "debt supercycle." Things get a little kabbalistic at this point - it ties back to Strauss-Howe Generational Theory, which views history kind of like the Chinese zodiac in that there are periods ("saeculums") that govern human history and everything repeats every four generations. This is the philosophy underpinning Steve Bannon's craziness, by the way - he's trying to hasten things so that we can start over again in our glorious new future after passing through The Troubles. It's kind of like how all the evangelicals are behind Israel because they're waiting for their red heifer so that the Rapture can begin except that in economics, if enough people believe it and enough people act on it, it happens. John Mauldin, who has a wealth-management newsletter with a million subscribers, is selling his $4m penthouse in Dallas.I think for everyone's next "haircut," the barber is gonna skip the clippers and go straight for a weed wacker.
Thanks for the extra information. Interestingly enough, you're the second person in as many days that I've heard use apocalyptic imagery to describe current events.