Just as share consolidation happens when outstanding share becomes too diluted, coming currency consolidation is inevitable as stream of paper money or digital currency floods the financial market around the world. During the Great Depression of 1930's in China, inflation was so rampant that prices changed by week than by day then by hour, 300 old Yuan was replaced by a New Yuan, but shortly afterward, 200 former New Yuan was replaced by another New Yuan, forcing increasing number of citizens into poverty. With American national debt over 106% GDP and rising and with continuous currency dilution, it will be alarming to look towards the future. One can imagine the only solution for the government is to inflate itself out of debt and what happened in China could happen in America. Gold and potential mining stocks will be the only safe haven in time of financial and economic crisis and uncertainty, those not preparing for the inevitable will be forced into poverty as they struggle to survive amid erosion of purchasing power of paper money.
The economic boom of past 100 years was fueled by continuous emergence of new technology and new innovative products amid strong demands from the world's "have nots", but those "have nots" not only are well-fed and well dressed, they have become sellers, vying with the world's biggest economy.
Big economic cycle enveloping small economic cycles is the law of the Universe, the 100 year economic boom will not go on forever and could be coming to an end and another prolonged economic depression may be inevitable. Amid global economic and technological saturation and trade war, aggravated by the Pandemic, the world is basically in an economic depression and in an economic slump, the only economic stimulus is printing money, that is inflationary and we are living in the similar situation as in the 1930's.