well, that goes without saying. I suppose a Hobbesian nightmare is a possibility, and that depending on society for *anything* is a “risk.”
And we could all die from an asteroid, too.
Within reason, however, there are risks, and then there are *risks*. Absent a total crash, people should be able to depend on safe investments like savings accounts being there for them, as long as they don’t put too much into any one institution.
And all the "let 'em fail" moralizing ideological "capitalists" have no idea what they are advocating.
The dollar could easily fall by a factor of 10 inside of 6 months, as foreigners refuse to throw decent money after bad. We have to borrow $700 billion a year to tread water. Oil exporters, and various hostile states, are the ones who actually have it. They hold oh, about $1 trillion in agency paper, for example.
If they stop buying and the dollar implodes, you can have your savings account, and all the confetti you want, also. You just won't be able to buy anything with it. Meanwhile, all our real assets will be owned by Russians and Chinese and Arabs.
You can call that "safety" if you like delusions. I don't.