Wealth is never destroyed it’s transferred.
When countries devalue their currency just as Lebanon has done to there own people.
The people that worked day to day and year after year to save their money for the future for there children, cutting expenses, living frugally, being disciplined.
To see there own money lose 50% in value and only to see there blood sweat and tears to evaporate in front of there own eyes is sad.
This leads me to believe that inflating away the currency is a way to prevent people from getting to the top.
Banks ensure our accounts from losses of up 250k, but who ensures us when the federal government prints unlimited amounts of money and devalues our currently to zero.
You are always investing even if you’re just holding the US dollar because this is weighed against other assets.
Real estate, precious metals, and Bitcoin is a good hedge against fiat currency but this is not financial advice and invest at your own risk.