It uses a fox news broadcast as a serious reference. It also uses CNN as a reference. Sorry but many people have come to distrust all mainstream media, while the author of the article says "mainstream media" as if that makes the information more credible. It's clear who the demographic reading this is. Hint: it's not young people.
The site is literally dedicated to "dooms day" preparation. Bias much?
The article fails to put into perspective the real role of money, and why/how so much debt exists. No mention of how money is created, or the fact that there is and always will be more debt than currency in the current system. It's a numbers game that is arbitrarily invented. Clearly the website has a right-leaning bias and I don't trust it.
In essence, the article is not entirely wrong but it offers no real perspective on what to think of this from an idealogical standpoint, other than "be afraid."
Don't be afraid. Think about creative solutions that break everything we think we know.
All that said, we humans are in one of the most important and burdening transitional phases in history. Young people alive today probably will see the collapse of all money. The article does a great job playing on the emotions of the elder generation who are unable to see anything except capitalism and are afraid of any alternatives. Some people might see the collapse of money as beautiful and liberating, once the initial shock and hardships are overcome.
It strikes me as odd that people haven't figured it out yet that money is not an efficient way of ensuring the wellbeing of humanity. Why is so much food thrown away while people starve? Why are some people homeless while others have multiple homes they use only a few weeks per year?
No matter what job someone has, it's not justified that any rich persons waste resources while others have no means of acquiring basic resources needed for survival. That's beyond any arguments of "capitalism creates incentive." It steps into the territory of "capitalism creates unnecessary waste and division."
Clearly money is soon to be outdated. Only a matter of time and education.
We need a system that creates incentive, but ultimately eliminates wastefulness. Money/capitalism is failing at the latter, and makes the former so stressful that many of us become indentured servants, effectively.
People are deceived into thinking that scarcity is the problem. It's not. The real problem is the way resources are allocated. There's no point in "making the pie bigger" when all growth only favors those at the top.
Ultimately, when technology gets to the point where most human jobs are replaced by machines with advanced AGI, money will be no longer useful at all. I await that day - the day bankers see eye to eye with homeless people and see nothing but raw equality. After all, what could separate us in a world where nobody needs to work? What point would there be in competition when we are all taken care of?
The paradigm of the article ignores all these points and instead only spreads fear that capitalism is failing without even mentioning that it's not the only way we could organize society in the face of total collapse. In fact, it hints at capitalism being the only solution to get us out of the mess it got us into in the first place. I can't accept that.
http://www.prepperfortress.com/economic-chaos-erupting-literally-planet-global-leaders-starting-panic-first-24-hours-dollar-collapse/