GLOBAL DEBT CRISISIn 2009 Warren Buffett said "we were just hours from going off a cliff" in the financial collapse brougt on by $100+ oil and housing bubble.Back then interest rates were normal with the FED funds rate at 5%.The lesson that Buffett wrote in the Bubble of 2000 was "interest rates are a gravity pull on the value of all assets"In 2009 the US had $10 trillion in debt with interest rates at 5%.Now today the US has $30 trillion in debt and double the housing price of 09.But in 09 inflasion was running at about 2% so the FED could rapidly lower interest rates to plug the financial hole in the boat and save us from going over the Niagara Falls cliff.But now we have no bulletts in the FED gun as real interest rates are running at 15% while the FED tells us its 8%. During the start of covid I could by Kraft BBQ sause for $1.50 the same bottle last week cost $4.80 and I refused to buy it.So groceries are 200 to 300% more then the start of covid.Now the FED is in a panic as interest rates are only 1% and inflasion is 8.5% in the phony number they report so they can not lower rates to prevent the next financial crisis with out throwing gasoline on the inflasion fire.On top of that Walmart and Target have shown the consumer is not spending like drunken sailors any more and we are now in Full blown stagflasion.Think the crisis of 08/09 was bad.Like the BTO song goes "you ait seen nothin yet" Global market will have a historic crash in 2022.