I think what is going on here is that the 'economy' is 'renormalizing' or being 'refactored' to reflect the true value of its worth. Some of it is obvious to see- prices are dropping. Unfortunately the values are dropping but the currency isn't being altered accordingly.
I had a discussion with my mother a few years before she died, where she was reminscing the old days when fuel was 5 cents a gallon, cars were a few
thousand dollars at most, houses were in the low tens-of-thousands of dollars... and she was saying how much easier things were then. Then I asked how
much my father made and her reply was about 11,000 a year. I grabbed the calculator and popped in some math and showed here that relatively speaking,
things were no easier then than now. The cost of living, proportionate to income, was nearly the same then as now.
What I see is that the cost of things go up due to what could be called a result of greed. And then wages go up in order to allow people to maintain
the same standard of living. This then causes prices to rise since it causes increased expense to producers... repeat ad infinitum. Since every
economic entity in the world does not use the same standards of living and currency, this causes imbalances elsewhere which react similarly,
ultimately resulting in a domino effect around the world. Eventually, a point is reached where people start questioning this and the system breaks.
Now... back to the 'renormalization'. If the USA normalizes its economy it puts her people at a disadvantage first. This ends up with the rest of
the world at a disadvantage as well. Once they adjust, the USA and her people will be on top having been amongst the first to readjust and
acclimatize. We'll once again have buying power.
But what's the point?