I understand the importance of living frugally and within ones means. However, shit is hitting the fan for a lot of people and even those who are responsible are having to get creative.
Are we counting on "The Great Reset?" The biggest FU to the banks, go down with the ship? With interest rates at stupid numbers and a financial collapse every 10 years, what the actual fu*k?
Whats the endgame?
Could it be as simple as a new US Government no longer recognizing USD as a currency, thus nullifying all debts? I doubt it, but something would have to give. Think about it, when you take out a loan, pretty sure the contract says it has to be paid in USD. If USD ceases to exist, couldn't the bank just seize your assets instead? I don't see any clear way that debt can be nullified for everyone even if the petro dollar ceases to exist.
Edit: NVM. I think I misunderstood your post
You are right though, somethings gotta give. I wonder if evergrande when it finally hits will be a black swan type of event that causes a financial domino effect in crashes?