These projections are predicated on the assumption that newly created money can be lathered out indefinitely. This fabulist dream now stands in the crosshairs of reality. These new trillions do not come from capital accumulation, production or manufacturing, they are created from thin air. You can see it wherever you look, money everywhere and the prices of assets soaring. But this is a monetary policy that cannot last.
Money is like anything else.
When you get too much money, it loses its value. Contrast Canada with the U.S. Life is simpler there and in places quite bleak. Because when they pump out new money in Canada their currency sinks. They can't do what we do with their money or they will become poorer for it. The U.S., on the other hand, has two huge trading partners, China and Japan, who prop up the dollar to keep their exports to the U.S. cheap and competitive.