If it all comes down, what do you think happens to any loans or credit card balances that you might have. Let's say you just bought some patio furniture the day before and used your credit card and have $1500 on it. Wham, banks all go kaplooey. What happens to that credit card debt?
Normally: Another bank or a collection agency buys the debt and keeps sending you the bill. Pay up or lose your credit rating.
But after the fall of the current financial system (which will mean what exactly?), maybe not. We're heading for a societal Singularity, IMO, where things could go any number of ways and given Trump's track record, much of it will include directions and events we hadn't even imagined.
If it all comes down, what do you think happens to any loans or credit card balances that you might have. Let's say you just bought some patio furniture the day before and used your credit card and have $1500 on it. Wham, banks all go kaplooey. What happens to that credit card debt?
Normally: Another bank or a collection agency buys the debt and keeps sending you the bill. Pay up or lose your credit rating.
But after the fall of the current financial system (which will mean what exactly?), maybe not. We're heading for a societal Singularity, IMO, where things could go any number of ways and given Trump's track record, much of it will include directions and events we hadn't even imagined.
I've been wondering that also.