IMO it's unlikely that the expansion will be driven by credit creation this time around. No source of productivity anymore to issue credit for. Most likely direct full banking via central banks and govs. Will be nasty.
https://image.nostr.build/cabd0a5c37cce9d903246c5f44a85d24bb23edd04fc81d4d1d4e0fefea34e951.jpg#m=image%2Fjpeg&dim=852x418&blurhash=ZERp2pkC%25NoftRayxuj%5DxuM%7Bofxua%7DWBj%5DayWBf6_NayaeofM%7Bt7WBj%5Bf6xuWBWBt7ayRjfkofof&x=4f9e97947749e53d37186b4013b764915092a90167a087ded3cc550e6cd21862