"$1 TRILLION in global wealth could vanish by 2027.”
Most of the wealth accounted in fiat currencies just does not exist. It's a fake wealth, that should not exist in the first place, and like vacuum cleaner it suck value from real things.
$1 trillion is also not a very large sum. I think virtual wealth is around $200 trillion if not more. Loss of virtual $1 trillion is just a bad (or good, depends on who is loser - big guys or small guys) day at stock exchange.
It's even funny. Loss of small part of big nothing. :)
So, it's not as terrifying prediction as you might think.
Most of the wealth accounted in fiat currencies just does not exist. It's a fake wealth, that should not exist in the first place, and like vacuum cleaner it suck value from real things.
$1 trillion is also not a very large sum. I think virtual wealth is around $200 trillion if not more. Loss of virtual $1 trillion is just a bad (or good, depends on who is loser - big guys or small guys) day at stock exchange.
It's even funny. Loss of small part of big nothing. :)
So, it's not as terrifying prediction as you might think.