When prices are falling, money is wealth. When they are rising, appreciating property is wealth.
All men seek a secure source of real income.
We are told the sovereign source for social security income is headed for hard economic times. It will default on its promise of real income when hyper-inflation makes it impossible for the sovereign to deliver pensions in real goods. Worthless paper or electronic patterns is all it will have to give out to the retirees that it owes. The same is true, we are told of the sovereign, if the economy contracts and prices decline to depression levels. In this case, although money is fully capable of paying out real income, we are told that the sovereign will not pay it out because there will be none coming in and none left in the vault.