That would be a massive bank run. It might temporarily look like the value of fiat money is rising — and in some ways, it actually is — but people won’t be able to access that money. In modern society, all assets are someone else’s debt. A chain of defaults will follow. The people who used to watch others’ assets go up with envy might feel thrilled for a moment, but they’ll soon realize the bank doesn’t have their money either.

I keep asking myself the same thing