[checker]

I really don't have much grasp on the macro-econ stuff. Do you have an idea on what would such a cliff would be? Liquidity trap?

[genwin]

It think it would be a worse version of the 2008 crash. Many of the issues that led to that crash, instead of being fixed, were temporarily bandaged with accelerated borrowing and spending, like a credit card junkie who staves off the inevitable with ever more cards.