You think Buffet is your personal financial advisor? He got rich by outsmarting and screwing millions of people who lost money in the markets.
You think all banks will collapse and everyone will lose their life savings?
Society would collapse and everyone will revolt. And the elites cannot stay filthy rich if no one has any money to purchase their iPhones.
Here is my understanding of banking, based on limited information.
And this applies only to North American banks.
Not sure what's going on in the rest of the world.
In the US, the small banks will be collapsed into the big banks. And only 4 or 5 remaining big banks will remain. That's by design. Because they want to roll out digital currency and it's easier to implement a digital currency with fewer banks.
But still, I think people's savings are protected (if FDIC insured) because the small banks are just being taken over by the big banks.
The value of the dollar might fall significantly. As might the value of real estate.
But that doesn't mean you should try to make 25% in the stock market to cover your losses. Stock market is and always has been risky.
Also something to keep in mind. We are entering a financial period that has never existed before in history. We are in the midst of a complete economic upheaval/revamp. No one knows exactly what it will look like.
The value of the dollar may decrease, but Elon Musk has stated that the value of goods will also decrease due to lower labor costs of automation.
Anyway, I am not a financial expert. So don't make any major life decisions based on my post.