In any case, gold will still be a safe bet. Every instance of deflation historically has shown that during deflation, its purchasing power increases.
If a new system is implemented, but at the cost of people's life savings, livelihoods, and destruction of decades of labor/capital, then the backlash and revolt will be stupendous. So much so that only the imposition of a fairer system will be allowed, to mitigate the potential bloodshed (at both ends of the power/class structure) and chaos.
Quoting: Anonymous Coward 80429789 It’ll be chaotic for sure, and there will be many more losers than winners.
I’m no prophet but my educated guess on the timeline is something like this:
1. Massive deflation in all asset classes, temporarily masked by increases in food and energy costs
2. Eventually through demand destruction even sanctions and pipeline shutdowns cannot stop the deflation and oil joins the party in collapse
3. Massive destabilization of the macroeconomy, which historically has led to world war and the fall of governments. These are times when radical ideas become mainstream (Marxism, Fascism, etc)
4. As the world burns, people beg their leaders for rescue. That rescue comes in the form of digital IDs for everyone (to protect them, of course) and central bank cryptos tied to said digital IDs
5. The dust settles after the wars; everyone has a digital ID. If you refuse then you cannot conduct commerce, travel, etc
Important to note here: this new financial paradigm won’t look anything like the current one. As I wrote, in the current paradigm, inflation is a feature not a bug. Economic growth is at all costs, so that means population growth and constnstlt building.
If you look at the WEF web site, they call the new paradigm “Stakeholder Capitalism”. With AI and a rapid push toward quantum computing, inflation isn’t necessary anymore. In the new paradigm they will use CBCCs to control people and you will own nothing and “be happy”.
They mean the “you will own nothing” part; you will need permission to do anything. You’ll have a social credit score and even traveling to your friend’s house will require you to ask for a car and you better have been a good boy otherwise you aren’t going anywhere.
The new financial paradigm will be a technocracy where the concept of money is tied directly to your own actions and even thoughts. None of this is science fiction, it’s where things are headed if we don’t stop them. And frankly they pretty much already have us in checkmate.
