This whole deflation/inflation question is a very intriguing question which is very difficult to get the head around.
...it is reckoned that after this wealth has come out of stocks and fled to government bonds; then as the market loses faith in government bonds, due either to negative interest rates or massive devaluation of the currency behind those bonds, as governments are forced to continually print in order to meet ongoing debt obligations, this wealth will finally flow into commodities. The world of real things...
Sorry that can't happen, because the physical commodity markets are too small and illiquid to hold the $trillions of liquid wealth locked up in bonds and stock markets.
This is why assets are likely to flow in US stock markets (via the US dollar) as the sovereign bonds start to fail in Europe.
If there is a truly decentralized crypto-currency available when the US stock market begins to overheat at nosebleed levels, and if it has gained sufficiently liquidity, then it could see a tremendous influx of capital. Unfortunately, Bitcoin nor the altcoins have solved the scaling and decentralization issues.
Fuck this is an amazing opportunity for me if I can get my coding ass in gear.
They basically have to unleash a huge tsunami of freshly printed fiat to stop it, but that fiat has to be distributed in the hands of the entire population or it solves nothing. Random central banker choices would be forgiving things like student loans, helicopter money, "basic income", or all three. Of course the "solutions" could collapse the system itself, so you have a situation of do nothing and implode, or forgive a few debts and create some wheelbarrow hyperinflation to maybe extend the collapse a little longer.
Governments already have a helicopter money system, it is called "food stamps" and "unemployment insurance". The plan of the TPTB is to turn more than 50% of the people into social welfare parasites, so they will always vote to continue the totalitarianism.
There will be no dropping money from helicopters. Just more and more debt piled onto to people who have to beg for more totalitarianism so they can get some government handouts for their basic necessities of life.