I have a question
🤔💭 Theory 😲💡
I am a brain dead, so I have a question for you smart people.
Let's assume that the debt ceiling talk cannot be resolved and we as a country default on our debt.
What happened then? Who are these debtors? What will they repo?
If the smaller and medium sized regional banks start caving, the larger banks and the Fed will "call in" all outstanding debts. If you can't pay, they take your shit. House loans, car loans, business loans, etc. This is what [they] did at the beginning of the Great Depression. Loans were called in and a lot of people lost everything because they were leveraged to the eyeballs and couldn't pay outstanding debts on the timeline the Fed and the larger banks provided. The timelines provided started out at 30 days, but by the 2nd week fo nothing but stock market losses, they were only giving people around 3 business days to come up with the money to pay off their debts. This is how upwards of 25% of workers ended up jobless, mortgaged homes were foreclosed, businesses shuttered, farms foreclosed and everything was auctioned off just so the large banks and Fed could recoup some of the Fed Govt's outstanding debts.
Only this time will be slightly different. Instead of the Fed calling in those loans and auctioning off assets, it'll be the World Bank and the IMF doing it. The IMF is the Central Bank for ALL central banks for ALL UN members and any non member country who has a central bank. And [they]'ll justify it by telling the American People that if you have a SSN, you are, in fact, an owned employee of the Fed Govt and have no legal recourse to stop it.
But I don't think we'll get that far. Some people will lose, but once it becomes apparent that the majority of the indebted will lose their asses, that's when the American Public will take to the streets and finally begin to take back their power. From my logic, that will be the precipice. Not some world war, not some CBR attack, but people facing losing everything and ending up homeless with children to feed.
The people will finally begin to wake up to the fact that they're playing a rigged game and can't possibly win unless they take their power back.
Thank you. History does repeats itself if this happens. I am hoping it doesn't. You are the most likely scenario. I am no longer owing a mortgage or a car loan so thank God.
Except this time, all those illuminati who eat children and their FBI/CIA/deep state enablers will have their assets taken by Trump's EO.
I sure hope so.