Then insurance ends. And everyone invested loses all invested in them.
And it starts a cascade of calls on every conceivable type of paper/digital “asset” mankind has been able to devise to date.
Until everyone realizes there is only the Fed and real property and machines and buildings that are remaining.
Hey, you asked...
Titles become dodgy at that point.
And gold/silver do too. You can’t eat those.
Trade stops.
No municipal water chemicals.
Who moves the ag chemicals they need?
Spare parts for their equipment?
The credit system that underlies our entire transportation economy would fail. Need food? Sry.
Who pays the electric company employees? Do they stay home now?
It gets insane at that point thinking of the ‘well...geee...now what...’
Completely rekt.