What will happen to the fiat money aka the paper money that our governments and banks are printing very much of right now? They have been printing so much new money lately ( this year 2021 ) and it has caused the inflation to rise very much. Just look at the USA.
This year of 2021 the bank of Lebanon crashed and people lost all of their savings in the bank. Desperate people were trying to force themselves into the closed bank because they wanted to get out the money. But it was all too late! The same thing happened in Argentina and Syria this year. The monetary system collapsed and people lost all of their money.
Will this ( the collapse of the monetary system ) happen to the rest of the world? Many people are predicting this. Jack Dorsey, the former CEO of twitter recently said that Bitcoin will replace the dollar!
Well, if the entire monetary system will collapse, then we will be left with only two things: trade and barter. By that I mean that we will trade goods with each other. One person makes bread and the other person produces butter. Then they will trade with each other using these goods they have created.
A stockmarket crash is coming? Watch this video.