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throw away account for obvious reasons. After the financial crash of 2008, I think many people worry. That's one of the reasons why you can see the price of bitcoin, gold and other assets went up in the last 5 years. Even if they don't have guaranteed returns, people want to make returns. It can also be a hedge against fiat currency collapse. Governments are in direct competition with each other. The trade war is fought with different means including monetary mass (Quantitative Easing), tariffs and IP theft. The huge collapse will be in 2nd/3rd world states. Those states don't have an economy to support the money printing policy. When states can't manage their finances, that is pushed onto its citizens. Even if they were never in debt themselves. The newly minted money will not go directly into the middle or lower class bank accounts, thus those citizens get less purchasing power. If money printing is not an option, the states will try to raise taxes (Colombia 2021, Chile 2020, Argentina 2020). If that is not an option, they'll try to confiscate savings from bank accounts (Cyprus, 2012). If the states finances fail, they will have civil war (Venezuela, 2021) or "sell" public assets to other states (China is confiscating assets in other states: Greece 2019, Angola, Ethiopia, Zambia etc). Don't worry, diversify and think globally |