What would happen in the event of a financial Ice Age? I don’t mean with this a literal Ice Age. No worries, it will come finally, as it has been happening the last thousands of years. I don’t mean anything else than a massive event where our bank accounts are frozen in a worldwide extension.
Just imagine a scenario where your ability to make (and receive!) payments is suddenly halted. Not because there is no power. Not because a nuke exploded. Not because of an EMP attack. Not even a deadly virus spreading (again).
Your cards become little plastic thingies in your wallet overnight, and our money, even when it is in the account and visible, we can’t use it. It has become a frozen asset inside an unbreakable glass exhibitor. And I include myself because I own a bank account up there, albeit being a non-resident.
Continue reading “Financial Ice Age: What Would Happen If EVERY Bank Account Was Frozen?”
