And assuming that median salary drops the same percentage as gdp per capita, it would drop to 41k, which puts a lot of people beneath the threshold to pay their mortgage.

Of course taking a huge pay cut is not something most people are willing to do, so you'd probably actually see mass unemployment and salaries being inflated away.

In response the fed will do the only thing it knows, which is to rev up the money printer even more. But thats going to make all these problems worse, leading to a vicious cycle.

And in the midst of economic chaos, people's danger switches get activated and they will turn to an authoritarian strongman who will make them feel safe.

And generally speaking, once such a person is in power, they can only think of one way to solve their problems, which is to plunder their neighbors by going to war. Thats basically the imperial cycle.

It sucks to be able to see all this coming and yet be powerless to stop it..