Financial markets are “paper”. They can be destroyed in a week. Paper fiat money is only as good as the faith of the “Users” . Lose the faith, 1929, and the markets collapse. Think about right now, is the “faith” of the people based more on good monetary situations or on apathy, denial and just stupidity?
If the “faith” disappears, think about what would it be like that every monetary transaction you do a day, disappeared. Every purchase you make today would be unavailable. There would be no stores. No transportation of goods from the coasts. The cities would erupt as there would not be any goods trucked in. City folks would be out in the rural areas, ready to kill to get sustenance.
I have recommended before, “Lucifer’s Hammer”, the story of the after world reeling from a comet strike. Elimination of the money would be equivalent.
Oct 21, 2024
at
3:35 PM
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