Peak Debt and the Mother of All Financial Meltdowns

At Peak Debt, there is no capacity to absorb any more.
"That’s because at Peak Debt, the central bankers’ one-time parlor trick doesn’t work and actually backfires. Making credit artificially cheap previously induced households and business to tap their balance sheets and ratchet up their leverage ratios in order to supplement the natural sources of consumption and investment spending from wages and business cash flow, respectively, with the proceeds of incremental borrowings. But now cheap credit doesn’t even get to main street; it only induces more collateralized borrowing and speculation on Wall Street. Stated differently, when household and business balance sheets run out of capacity to absorb more debt, the repo man takes over."
Because our economy is run by crooks and fools, there is only one way this will end.
"To wit, what is coming down the pike is the Mother Of All Financial Meltdowns. And this time it will be evident to the world as to who is responsible for the resulting carnage."
http://davidstockmanscontracorner.com/the-inflation-targeting-scam-and-why-it-guarantees-the-mother-of-financial-meltdowns/

Main Street is at Peak Debt and so is the oil industry.  Wall Street is getting close.