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IPFS News Link • Central Banks/Banking

Financial Ice Age: What Would Happen If EVERY Bank Account Was Frozen?

• https://www.theorganicprepper.com, J.G. Martinez D

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.

The modern Ice Age

A global-scale bank account freezing is a hypothetical scenario that would have significant consequences for all of us. Individuals, big and small businesses, autonomous workers, farmers, NGOs, and all sorts of institutions and governments all around the world. While such an event is unlikely, it is paramount to understand the potential implications of such an occurrence. Because the odds of such terrible events are there.

In recent years no one could believe that an emergency state would be declared because of the migrants getting into the US through the southern border. Look what has been happening in the recent months. So, I would say, as a foreigner, as a bystander, as a simple outsider and external observer…yes, it can happen. Without any previous warning.


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