The problem will be runaway inflation. If you owe $200,000 on your home and we have 1,000% inflation then the bad news is that whatever cash you are holding loses 90% of its value, but the good news is that you can still pay off your mortgage with those cheaper dollars. My advice is to simply keep your money in hard assets like houses, things you collect, gold, etc. and then you will be fine.
The idea that it will collapse to the point that known one will be around to collect and that all debt will be forgiven is naive if not an out right lie. Some one will by the banks debts and assets. They will own the mortgage and thus the property they will collect on it and you will continue to pay.
Remember the lies that Obama spewed. Brainwashed people that voted for Obama thought that all of their debts would be forgiven and they would live rent free?
Boy, where THEY surprised.
Life doesn't work that way. Expect to keep paying your bills as always. If the banks collapse, someone else will pick up the mortgages and keep collecting the money. Don't get caught in a trap of thinking life will be free. It won't be.
I wonder about this too, and this is what I've come up with; our world will be similar to what President Trump showed to KJU during his visit. whatever happens, I think it will be much better than where we are now.
There are a lot of ways this can play out. If the currency collapses, then they’ll be printing wheelbarrows if money. Paying off your mortgage and property should be relatively easy if you have a locked in interest rate. This is how things would play out in theory in a non corrupt system.
But don’t expect a silver lining or a free housing extravaganza. Keep in mind, we live in clown world and they will do everything in their power to bankrupt you and force you from your physical property. Expect the printed money to flow to the Democrat powerplayers and base. The average joe will have their interest rates jacked up and their mortgage quadrupled while they’re losing their jobs. It will be a half year of chaos as they foreclose on everything. If you don’t own your property outright then you need to have some precious metals that hold value relative to the collapsing dollar to trade for cash to get you through that time phase.
The problem will be runaway inflation. If you owe $200,000 on your home and we have 1,000% inflation then the bad news is that whatever cash you are holding loses 90% of its value, but the good news is that you can still pay off your mortgage with those cheaper dollars. My advice is to simply keep your money in hard assets like houses, things you collect, gold, etc. and then you will be fine.
This x1000. Best place you can be is owning a shit ton of land and owing a buttload in monopoly money.
The idea that it will collapse to the point that known one will be around to collect and that all debt will be forgiven is naive if not an out right lie. Some one will by the banks debts and assets. They will own the mortgage and thus the property they will collect on it and you will continue to pay.
Remember the lies that Obama spewed. Brainwashed people that voted for Obama thought that all of their debts would be forgiven and they would live rent free?
Boy, where THEY surprised.
Life doesn't work that way. Expect to keep paying your bills as always. If the banks collapse, someone else will pick up the mortgages and keep collecting the money. Don't get caught in a trap of thinking life will be free. It won't be.
Unless you are renting or paying a mortgage during the Wu Flu and then you bet a pass
I think the short answer is no. No one knows. Except for maybe our favorite time traveling president.
I wonder about this too, and this is what I've come up with; our world will be similar to what President Trump showed to KJU during his visit. whatever happens, I think it will be much better than where we are now.
https://youtu.be/CFzp-0vOsx0
If Nesara comes in then all debts are wiped out.
Wife an I have been trying to buy but are priced out of the market where we live. I hope it all comes crashing down lol
There are a lot of ways this can play out. If the currency collapses, then they’ll be printing wheelbarrows if money. Paying off your mortgage and property should be relatively easy if you have a locked in interest rate. This is how things would play out in theory in a non corrupt system.
But don’t expect a silver lining or a free housing extravaganza. Keep in mind, we live in clown world and they will do everything in their power to bankrupt you and force you from your physical property. Expect the printed money to flow to the Democrat powerplayers and base. The average joe will have their interest rates jacked up and their mortgage quadrupled while they’re losing their jobs. It will be a half year of chaos as they foreclose on everything. If you don’t own your property outright then you need to have some precious metals that hold value relative to the collapsing dollar to trade for cash to get you through that time phase.