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REPORT ABUSIVE REPLY
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Message Subject
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If Dollar Crashes/Collapses, What Happens to Mortgage & Credit Card Debt?
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Poster Handle
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Anonymous Coward |
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Post Content
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From what I read, all bank debt and credit card debt will be wiped out...no longer collectible.
How could it be? It's fiat monies that are worthless so the debt would be worthless too.
Quoting: Anonymous Coward 1143474Exactly. So would the government debt. Think about it... how does Washington erase $15 TRILLION in debt??? Destroy the dollar! Then they can offer up a new world currency, which THEY control, and start all over again from zero. The only problem is that YOU will be wiped out, but they don't care about that.
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