I wouldn't look forward to it.
Total economic collapse means no jobs, no shipping, no stores, no hospitals, no police protection, no government, no utilities (gas, electric, water, waste services)...
After all, who would show up for work as a doctor, nurse, policeman, state or federal employee, etc... when you aren't being paid in useful currency?
When all of those things go bye bye, the next thing that falls is Private Property. You only own your house, cars, boat, RV or other possessions because you can physically enforce your ownership.
This. Your debts wouldnt matter anymore; but no more loans, no more liquidity. They would offer their next gen slave system to you and most people would hop right in
That would give the greatest benefit to those with the greatest debt (billionaire developers and such) and do jack shit for folks who live within their means.
Total collapse means just that. Therefore there would be no entity capable of collecting. BTW, everyone should be paying things off and living within your means just in case there is no total collapse.
Hyper-Stagflation: Your home is now worth $3bn dollars, and you owe property taxes on your $100k yearly income. Food is more expensive than your mortgage payment. Electricity is a luxury even for the rich.
Cause?
Crash: All foreign held dollars come home. Foreign debt owners recognize US insolvent and demand payment in full. US prints (digitizes) the bill. Real dollars and digital dollars decouple, nonredeemable digital for physical. Physical value skyrockets. Government makes move to confiscate physical, in order to protect digital. National security cited as purpose, "To Save America and its Economy" headlines abound in support. Banks become insolvent. Homeowners unable to pay taxes, lose their homes. Government steps in to buy homes for mortgage amount. Homeowners demand market value. Government digitizes the bill. Home prices double. $150k home 2019 now costs $3bn to Government. Government homes worth $6-$10bn. Government can't sell homes, can't upkeep maintenance. Government nationalizes real estate because corporate buildings experiencing the same. All property owned by government. Only .0001% of Americans now own their own homes. Companies rent office space from the government at affordable rates. Americans rent homes from Government with UBI. UBI=Rent, no money for food. Government digitizes UBI. Americans never see the money. Farmers can't sell their food, can't produce either due to rising costs. Can of corn costs $1,000. Government nationalized food production. UBI/Homes go to those willing to work farms and every other industry that can be nationalized. Government digitizes the buyouts. Money becomes meaningless. America has collapsed.
Not for us plebs. Only the ultra wealthy benefit from bankruptcies, tax shelters and other methods they’ve always used to hide and protect their money and investments.
By now hopefully everyone has 2-3 weeks + of food, cash, 1st aid + any meds, living supplies and defensive items. Silver and gold are good to have and work in all countries.
All will go in default. Real Property will still have value of some sort. If you default the mortgage company will foreclose. If your mortgage company defaults their lender will foreclose on them and right up the chain. In short, you will own nothing that you owe on.
I wouldn't look forward to it.
Total economic collapse means no jobs, no shipping, no stores, no hospitals, no police protection, no government, no utilities (gas, electric, water, waste services)...
After all, who would show up for work as a doctor, nurse, policeman, state or federal employee, etc... when you aren't being paid in useful currency?
When all of those things go bye bye, the next thing that falls is Private Property. You only own your house, cars, boat, RV or other possessions because you can physically enforce your ownership.
This. Your debts wouldnt matter anymore; but no more loans, no more liquidity. They would offer their next gen slave system to you and most people would hop right in
That would give the greatest benefit to those with the greatest debt (billionaire developers and such) and do jack shit for folks who live within their means.
Hah, thankfully things never seem to work out that way...
The great reset is great for them...not us
Only in the short run, like right now. In the long run, the Hunters become the Hunted.
I imagine there will be plenty of collateral damage
Total collapse means just that. Therefore there would be no entity capable of collecting. BTW, everyone should be paying things off and living within your means just in case there is no total collapse.
This is a good question. Considering the banks have been scamming us for hundreds of years, where is our payback when things fall apart?
Buy silver and gold. Real money.
GME too! DRS it at computershare.com
can't have debt if money is literally worth zero :troll:
Wouldn't really be fair to those who live within their means and don't rack up a ton of debt.
Hyper-Stagflation: Your home is now worth $3bn dollars, and you owe property taxes on your $100k yearly income. Food is more expensive than your mortgage payment. Electricity is a luxury even for the rich.
Cause?
Crash: All foreign held dollars come home. Foreign debt owners recognize US insolvent and demand payment in full. US prints (digitizes) the bill. Real dollars and digital dollars decouple, nonredeemable digital for physical. Physical value skyrockets. Government makes move to confiscate physical, in order to protect digital. National security cited as purpose, "To Save America and its Economy" headlines abound in support. Banks become insolvent. Homeowners unable to pay taxes, lose their homes. Government steps in to buy homes for mortgage amount. Homeowners demand market value. Government digitizes the bill. Home prices double. $150k home 2019 now costs $3bn to Government. Government homes worth $6-$10bn. Government can't sell homes, can't upkeep maintenance. Government nationalizes real estate because corporate buildings experiencing the same. All property owned by government. Only .0001% of Americans now own their own homes. Companies rent office space from the government at affordable rates. Americans rent homes from Government with UBI. UBI=Rent, no money for food. Government digitizes UBI. Americans never see the money. Farmers can't sell their food, can't produce either due to rising costs. Can of corn costs $1,000. Government nationalized food production. UBI/Homes go to those willing to work farms and every other industry that can be nationalized. Government digitizes the buyouts. Money becomes meaningless. America has collapsed.
Total protonic reversal...
https://getyarn.io/yarn-clip/53492155-80ba-47d2-b586-4d08dc50899c
Ready Player One doesn't sound like a fun future.
Not for us plebs. Only the ultra wealthy benefit from bankruptcies, tax shelters and other methods they’ve always used to hide and protect their money and investments.
Rackets are called rackets for this reason.
Given that the central bank has been charging us interest/usury on our money, illegally, I think we should be entitled to at least some of that back.
By now hopefully everyone has 2-3 weeks + of food, cash, 1st aid + any meds, living supplies and defensive items. Silver and gold are good to have and work in all countries.
Not a snowball chance in hell.
I would think so yes… If certain banks go bankrupt. Of course that’s just part of it 😎
All will go in default. Real Property will still have value of some sort. If you default the mortgage company will foreclose. If your mortgage company defaults their lender will foreclose on them and right up the chain. In short, you will own nothing that you owe on.