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How does money evaporate?

There are no winners in a financial crisis. The process of a financial crisis is the process of bubble bursting. Due to the credit creation function of modern finance, the base currency is amplified several times. The more confident people are in the economic prospects, the greater the investment impulse, and the larger the bubbles created by financial institutions. When a crisis comes, people rush to hold foreign exchange, gold and other safe-haven currencies. It is a bubble bursting and asset deleveraging process. No one will make a profit, only the difference between those who lose less and those who lose more. The most typical ones are our houses and stocks. When the market price is 30,000 RMB/square meter, my 100 square meter house is 3 million yuan. When the market drops to 10,000 RMB/square meter, my house is 1 million yuan. Similarly, the price of stocks is Determines the wealth of investors. Because people in the market determine their wealth by referring to the prices traded in the market. Just like a fruit seller, there are 10 boxes of fruit in the warehouse, but what determines his wealth is the price of the box sold outside. During the economic and financial crisis, the "apples" in people's hands were worthless, and the total value of social wealth was greatly reduced. That is to say, the money has evaporated and is worthless, a bit like waste paper.

Even diapers are not worth it. It is really money without money and currency without money. Factories are closed down and unemployment is increasing. People are miserable and have no money!