If credit markets lock up physical cash will be 'valuable' It can happen.
credit markets wont be locking up - just look at what the US Federal Reserve announced on sunday night
https://www.bloomberg.com/opinion/ar...ld-of-leverage
"“there is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there’s enough cash in the banking system.”
If that statement alone doesn't chill you to the bone, I don't know what would.
When people start wondering why we pay taxes when Federal Reserves can print "infinite cash" - the system is going to collapse.