[dangus]

Wealth isn’t destroyed; it’s all paper money, folks. That home you bought is still there; it’s just not worth what you though it was.

[TigerLikesRooster]

If it is worth less relative to other goods and services, part of its value destroyed and that much of your wealth is gone.

[bert]

.....it’s all paper money, folks......

A paper $$ is but a tangible representation of an electronic ledger entry. It is really all electronic money now days