Look at the deficit projections for nearly any nation on Earth (with the possible exception of China, whose economic situation is interesting, but far less robust than commonly supposed) and you will see burgeoning debts for decades into the future.
At the same time, the Bank for International Settlements group is planning to increase required banking reserve ratios over the next decade. A shrinking money supply and growing debt will collide in about 5 years. How this will not result in a financial meltdown is far from clear to me; nor is it clear that this is not the desired outcome.