Scary chart from Zero Hedge

Bank of America has all but called a global recession, mild however it may be. But this seems to be a simple case of government borrowing o much ad unable to pay interest charges. Adding fuel to the fire will be the sudden surge in debt released by Swamp politicians who  government opens, likely cause the hosing market to crash a bit. None of this is sudden stop, it is normal expected repudiation of debt.

Looking a velocities of money aggregates just shows the usual slow potential growth, no sudden stop that I can see.