Users Online Now:
1,631
(
Who's On?
)
Visitors Today:
129,701
Pageviews Today:
176,530
Threads Today:
49
Posts Today:
770
01:29 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
If Dollar Crashes/Collapses, What Happens to Mortgage & Credit Card Debt?
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:iwannajuggle 1247720:MV8xMjM0MzY1XzIyMDk0NDcxXzExRUI2REQ5] It all seems to come down to a few fundamentals: 1) It is some Gustapo-like plan to get the world into one currency (thank you George Soros, you've already killed numerous other country's currency and we're soon on the menu). 2) ALL of what you all are concerned/chatting about has been laid out already in detail in the Bible. Wanna know the future? There's your crystal ball. Proof? read it and compare to the news and what you're all saying. Too lazy to do so? Then call me an idiot and think whatever you/others come up with. Just remember inventing an idea doesn't make it true. :5a: [/quote]
Original Message
If the dollar takes a dive or dies completely, and there are bank holidays to allow for its devaluation and/or replacement, what happens to existing debt on the books?
I know that any cash you have on hand and in the bank will now suddenly worth less in value. But will the same recalculation be done on your debt? Or will that stay at the same value, and you're effectively screwed?
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>