a) switch to a new currency b) thereby devaluing all the nominal savings of the old, retired generation In reality it won't work like that (A -> B). In this w

a) switch to a new currency b) thereby devaluing all the nominal savings of the old, retired generation In reality it won't work like that (A -> B). In this world you most likely will devalue net worth of 99% of people (poor) and prop up net worth of 1% of people (rich) simply because they OWN actual assets - whole factories and industries, mines, planes, ships, hotels, etc. everything that is bigger than a phone and more useful than a house. This move (if hypothetically it ever happened) will create even bigger disparity and faster than now, in years instead of decades.