Let's say the dollar completely dies off next week?
What would happen to us? Would it be Venezuela?
How would apartments handle rent? If the dollar is worth nothing?
Does this mean they would need to kick everyone out? Will there be chaos in the streets and people harming each other for food?
How do you think it will play out?
I’ll take a shot at this. Over the course of this year prices on things, particularly essential items will start to skyrocket. Empty shelves will become common as people stockpile. Banks will steadily increase rates to the point most consumers likely won’t be able to pay their debt unless they have a fixed rate. Businesses will start to lay people off and collapse, compounding the above issues.
Meanwhile the Biden admin will print money hand over fist, but it will mostly go to banks and their allies. The average person will be struggling to get by and hoping not to be laid off. Many will lose their houses and it will make 2008 look like a game. Some of the printed money will get thrown to the masses but it will be too little too late. Enough to buy some rations but not enough to keep your house.
After a few years the dollar will be almost valueless and banks will have foreclosed on over 20 percent of the properties. If the Dems are still in power they’ll lease these to their base to buy loyalty, but no one will own or be able to own the property. If you think the non vaccinated got unfairly treated during covid, then wait and see how the ‘haves’ (upper middle class only) get treated as people around them lose everything. There will be a full scale push for a communist regime to restore order and redistribute wealth for fairness.
If that is the case.
Then Trump is lying to us.
Well, the above scenario is the one where no one swoops into save us. Of course the scenario is the opposite if all of a sudden the deep state is prosecuted, debts are wiped clean, and a constitutional currency is created.
I hear you.
We will find out.