Who will own them? We still owe 15 years on ours... will it even matter? We have a fixed rate conventional loan. Can we discuss some probabilities?
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They created an illusion, that of lenders and borrowers, when in fact, when you apply for a "loan" it is really a credit agreement, they simply type the numbers into a computer, creating that money from your signature (a promise to pay back plus interest). So in reality, if that "loan" is cancelled, nobody has lost anything you have gained maybe a house or car and the loan is paid. It would be a one time action. How else can one system be scrapped and a new one started ? The current one is FUBAR there is no way the gross global debt can be repaid, it's only the banks making money today, the wealth is only flowing upward.
A Hard stop appears imminent. Be aware and be prepared,
You get it. It's a little c9mplex but this is it.
yes, Thanks, it's a short version with much detail omitted to keep it as simple as possible.