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***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***

 
Anonymous Coward
User ID: 1476503
United States
07/21/2011 09:56 AM
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***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
How does the value of money affect ones payments?

We all know the story, in Germany during the depression, a woman left a basket full of money outside of a store, and she returned to find the money there, but the basket was stolen.

So if my rent is $1000 a month, and the dollar is now worth 1 cent - what do I pay my landlord, or my mortgage company or my car loan?

Will they still accept what is essentially 1000 pieces of useless paper with George Washington's face on it as monthly payment?
Anonymous Coward
User ID: 1469636
United States
07/21/2011 10:00 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
No offense, but the answer is obvious. You don't pay them anything.

You will have enough to worry about feeding your family and fighting off other trying to do the same.
<FOCUS>
User ID: 660580
United States
07/21/2011 10:02 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
No offense, but the answer is obvious. You don't pay them anything.

You will have enough to worry about feeding your family and fighting off other trying to do the same.
 Quoting: Anonymous Coward 1469636


Ya know I think it's funny that in Patriots, lights out, one second after, they are worried about paying cash for their houses or retreats. Do they really think the bank is going to come and foreclose on houses when TSHTF? Too funny.
Anonymous Coward
User ID: 1404507
United States
07/21/2011 10:05 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
No offense, but the answer is obvious. You don't pay them anything.

You will have enough to worry about feeding your family and fighting off other trying to do the same.
 Quoting: Anonymous Coward 1469636


This!

There would be chaos and probably a banking holiday until things are sorted out cuz EVERYBODY will have the same issues as you....just keep your head down and stay safe.....
Anonymous Coward
User ID: 1473247
United States
07/21/2011 10:05 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
The good news is that for home owners, the police will have their hands full of anarchy that foreclosures will come to a grinding halt. Free housing for everyone.
lionhound

User ID: 1476481
United States
07/21/2011 10:06 AM

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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
No offense, but the answer is obvious. You don't pay them anything.

You will have enough to worry about feeding your family and fighting off other trying to do the same.
 Quoting: Anonymous Coward 1469636


Ya know I think it's funny that in Patriots, lights out, one second after, they are worried about paying cash for their houses or retreats. Do they really think the bank is going to come and foreclose on houses when TSHTF? Too funny.
 Quoting: <FOCUS> 660580


I know. My DH keeps talking about paying things off. I tell him not to be in such a hurry.
XP...

User ID: 1448180
United States
07/21/2011 10:08 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
How does the value of money affect ones payments?

We all know the story, in Germany during the depression, a woman left a basket full of money outside of a store, and she returned to find the money there, but the basket was stolen.

So if my rent is $1000 a month, and the dollar is now worth 1 cent - what do I pay my landlord, or my mortgage company or my car loan?

Will they still accept what is essentially 1000 pieces of useless paper with George Washington's face on it as monthly payment?
 Quoting: Anonymous Coward 1476503


They would have no choice as the contract is in dollars.... But if the dollar collapses all the banks fold and it becomes survival of the fittest... Get a big stick and stock up on food if any of the SHTF come to pass it will be 18-24 months of crazy times then simply go forward and stake your claim to the assists left behind by the 80-90% who will NOT survive.... This may seem morbid but it is the way it works....
"The world will not be destroyed by evil, it will be destroyed by the ones who do nothing to stop the evil."
"Lead or follow just get the hell out of my way!"
XP...
<FOCUS>
User ID: 660580
United States
07/21/2011 10:09 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
No offense, but the answer is obvious. You don't pay them anything.

You will have enough to worry about feeding your family and fighting off other trying to do the same.
 Quoting: Anonymous Coward 1469636


Ya know I think it's funny that in Patriots, lights out, one second after, they are worried about paying cash for their houses or retreats. Do they really think the bank is going to come and foreclose on houses when TSHTF? Too funny.
 Quoting: <FOCUS> 660580


I know. My DH keeps talking about paying things off. I tell him not to be in such a hurry.
 Quoting: lionhound



I mean if you are really worried about it, buy some Gold or Silver. Then when TSHTF bring it down to the bank and pay your house off with an ounce of gold and a few silver Liberties.
Anonymous Coward
User ID: 1462494
United States
07/21/2011 10:10 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
WE. ALL. DIE.

Seriously, I've thought about this too, and although I have no clue what would actually happen, remember that the banks own your loans. Rent is a different story... that's up to your landlord. Maybe they'll let you live there for free!! I doubt it though...

Since the banks are too big too fail, I can see them persisting with the collection, per usual. The cycle continues of collecting our money, paying off their bribes/debts, lining their pockets and invading brown people's living space.

Don't worry though, when the dollar is worthless and nobody can pay for anything, the banks will being the culling. It will be quick and painless. Like stepping on an ant.

BUT FEAR NOT!! They'll get theirs when they can't pay THEIR debts. Which seems to be coming sooner than we think. But we will be dead by then.
Anonymous Coward
User ID: 1476516
United States
07/21/2011 10:12 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
Its actually a good question. Just keep making your payments accordi.g to your contracts/lease. Doesn't matter if its more valuable as toilet paper. Contracts is contracts.
Anonymous Coward
User ID: 1466048
Luxembourg
07/21/2011 10:13 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
How does the value of money affect ones payments?

We all know the story, in Germany during the depression, a woman left a basket full of money outside of a store, and she returned to find the money there, but the basket was stolen.

So if my rent is $1000 a month, and the dollar is now worth 1 cent - what do I pay my landlord, or my mortgage company or my car loan?

Will they still accept what is essentially 1000 pieces of useless paper with George Washington's face on it as monthly payment?
 Quoting: Anonymous Coward 1476503




1st question, are you a hot young chic?
Anonymous Coward
User ID: 1476274
Germany
07/21/2011 10:14 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
NO PROBLEM! You will just start paying in YEN!
Anonymous Coward
User ID: 1439282
United States
07/21/2011 10:21 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
Yeah homeowners probably wouldn't have to worry about banks for awhile. (If the SHTF)

Renters will probably be encouraged by landlords to barter to stay in their place.
Anonymous Coward
User ID: 1449544
United States
07/21/2011 10:22 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
NO PROBLEM! You will just start paying in YEN!
 Quoting: Anonymous Coward 1476274


Dont be ridiculous.

You will pay it in Ameros.
Mercurius
User ID: 1375863
United States
07/21/2011 10:24 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
How does the value of money affect ones payments?

We all know the story, in Germany during the depression, a woman left a basket full of money outside of a store, and she returned to find the money there, but the basket was stolen.

So if my rent is $1000 a month, and the dollar is now worth 1 cent - what do I pay my landlord, or my mortgage company or my car loan?

Will they still accept what is essentially 1000 pieces of useless paper with George Washington's face on it as monthly payment?
 Quoting: Anonymous Coward 1476503


Other than oil and other imports, the relative value of the
dollar has no effect on what we pay for things. Inflation
does, we are currently bordering on deflation. Concerned
about dollar, make sure you don't depend overly much on the
price of oil.
oniongrass

User ID: 1193082
United States
07/21/2011 10:35 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
NO PROBLEM! You will just start paying in YEN!
 Quoting: Anonymous Coward 1476274


Dont be ridiculous.

You will pay it in Ameros.
 Quoting: Anonymous Coward 1449544


If you can get USD, you will pay in that. That is the benefit of inflation, the reason Bernanke as well as the European Central Bank are printing like crazy. The debts become more affordable as there is inflation.

If you social security becomes worthless because of dollar inflation (and it won't because there's an inflation clause in it; you 'll get more dollars) you house payment becomes trivial too.

Truly, inflation is the best answer out there. Creditors get screwed. The debt is unpayable (as I've been saying longer than Ron Paul has.) With sufficient inflation, it becomes manageable. That debt includes social security but it also includes treasury bonds we owe the Chinese, and also your mortgage payment shrinks in real terms. This way our foreign creditors share the pain with us, and house debtors have a chance. The alternatives are not paying Treasury coupons (I bet that won't happen) or cutting domestic programs (what the "Gang of Six" and other alleged patriots want.) If we cut domestic programs, we'll die of debt deflation.
Anonymous Coward
User ID: 1457684
United States
07/21/2011 10:37 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
The good news is that for home owners, the police will have their hands full of anarchy that foreclosures will come to a grinding halt. Free housing for everyone.
 Quoting: Anonymous Coward 1473247


And will credit card payments be gone too? No more mortgages??? WAAHOOOOOOOOOO!!!
Anonymous Coward
User ID: 554016
United States
07/21/2011 10:38 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
The answer is simple. You have a contract to pay them dollars. So you go and trade an oz of silver for a wheelbarrow full of dollars, then give those dollars to the bank and pay off the loan in full.
Anonymous Coward
User ID: 1457684
United States
07/21/2011 10:39 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
WE. ALL. DIE.

Seriously, I've thought about this too, and although I have no clue what would actually happen, remember that the banks own your loans. Rent is a different story... that's up to your landlord. Maybe they'll let you live there for free!! I doubt it though...

Since the banks are too big too fail, I can see them persisting with the collection, per usual. The cycle continues of collecting our money, paying off their bribes/debts, lining their pockets and invading brown people's living space.

Don't worry though, when the dollar is worthless and nobody can pay for anything, the banks will being the culling. It will be quick and painless. Like stepping on an ant.

BUT FEAR NOT!! They'll get theirs when they can't pay THEIR debts. Which seems to be coming sooner than we think. But we will be dead by then.
 Quoting: Anonymous Coward 1462494


I bet those big ole banks would fail if the electrical grid were taken out by a massive CME. Now, how long without the grid would smash the banks??? Anyone know??
Hypocrisy

User ID: 1451219
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07/21/2011 10:39 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
If you have a fixed rate on your car loan, nothing will happen. If you don't, then yea you're screwed lol. If you have a contract for a rental agreement, again nothing will happen. Utilities will probably sky rocket even more than they do now, unless it's fixed in your rental agreement, but when you renegotiate, your rent will go up.....but doesn't everything go up in price anyway? Seems like a convenient excuse for a money grab, these scare tactics & chicken little syndrome.
Anonymous Coward
User ID: 1433357
United States
07/21/2011 10:41 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
How does the value of money affect ones payments?

We all know the story, in Germany during the depression, a woman left a basket full of money outside of a store, and she returned to find the money there, but the basket was stolen.

So if my rent is $1000 a month, and the dollar is now worth 1 cent - what do I pay my landlord, or my mortgage company or my car loan?

Will they still accept what is essentially 1000 pieces of useless paper with George Washington's face on it as monthly payment?
 Quoting: Anonymous Coward 1476503


Well the truth is they want the Dollar to collapse this is the only way they can justify a new World Currency, which will probably be on a debit like card so once the Dollar Collapse Im pretty sure they will usher in a new Currency right away as they already have it set up just waiting for the final blow of the dollar ,they have been trying to destroy the Dollar for quite some time with all this printing money, so what will happen is the money you have they will give you so much on the dollar maybe 10 percent as inflation will go down and you wont have as much money but every thing will cost way less so it will equal out.
humanitech
User ID: 1476379
United Kingdom
07/21/2011 10:47 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
How does the value of money affect ones payments?

We all know the story, in Germany during the depression, a woman left a basket full of money outside of a store, and she returned to find the money there, but the basket was stolen.

So if my rent is $1000 a month, and the dollar is now worth 1 cent - what do I pay my landlord, or my mortgage company or my car loan?

Will they still accept what is essentially 1000 pieces of useless paper with George Washington's face on it as monthly payment?
 Quoting: Anonymous Coward 1476503


Wow sorry to say this but they have really programmed you well eh...I bet you'd even feel guilty somehow that you missed the payment (and would write IOU's for later).

Friend you would finally be free... although it would be crazy out there!
Anonymous Coward
User ID: 1371380
United States
07/21/2011 10:47 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
Will Sallie Mae finally stop fucking calling me everyday?
Anonymous Coward
User ID: 1212638
United States
07/21/2011 10:48 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
Here ya go...THIS IS WHAT HAPPENS! (sorry can't embed)

[link to youtu.be]

hf
Anonymous Coward
User ID: 1476527
United States
07/21/2011 10:53 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
Dollar stays
But is stressed out - your interest rate may be 40-80%
Anonymous Coward
User ID: 1360128
United States
07/21/2011 11:09 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
How does the value of money affect ones payments?

We all know the story, in Germany during the depression, a woman left a basket full of money outside of a store, and she returned to find the money there, but the basket was stolen.

So if my rent is $1000 a month, and the dollar is now worth 1 cent - what do I pay my landlord, or my mortgage company or my car loan?

Will they still accept what is essentially 1000 pieces of useless paper with George Washington's face on it as monthly payment?
 Quoting: Anonymous Coward 1476503


You know the answer, you just don't want to face it.

If the dollar were to become 1 cent on the dollar, you would be paying 100 times more for everything.

Think Germany after WW2.

it took a wheelbarrel full of money to buy a loaf of bread.

People dumped the money out and stoile the wheelbarrel becouse it was worth more...
Anonymous Coward
User ID: 1352142
United States
07/21/2011 11:17 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
Will Sallie Mae finally stop fucking calling me everyday?
 Quoting: Anonymous Coward 1371380


Ha you too. I just let it ring. Fuck em they go to voicemail.
Anonymous Coward
User ID: 1420622
United States
07/21/2011 11:19 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
who cares!!!!

it will happen to everyone!!!

be joyful and grateful and let the fear go!
Anonymous Coward
User ID: 1428911
United States
07/21/2011 11:24 AM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
Anonymous Coward
User ID: 1404507
United States
07/21/2011 12:41 PM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
How does the value of money affect ones payments?

We all know the story, in Germany during the depression, a woman left a basket full of money outside of a store, and she returned to find the money there, but the basket was stolen.

So if my rent is $1000 a month, and the dollar is now worth 1 cent - what do I pay my landlord, or my mortgage company or my car loan?

Will they still accept what is essentially 1000 pieces of useless paper with George Washington's face on it as monthly payment?
 Quoting: Anonymous Coward 1476503


You know the answer, you just don't want to face it.

If the dollar were to become 1 cent on the dollar, you would be paying 100 times more for everything.

Think Germany after WW2.

it took a wheelbarrel full of money to buy a loaf of bread.

People dumped the money out and stoile the wheelbarrel becouse it was worth more...
 Quoting: Anonymous Coward 1360128


There's also a famous account of a guy buying a hotel in post War Germany with a gold coin...
Anonymous Coward
User ID: 1461326
United States
07/21/2011 12:50 PM
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Re: ***SERIOUS QUESTION: If dollar collapses, what happens to my car payments? Rent?***
No offense, but the answer is obvious. You don't pay them anything.

You will have enough to worry about feeding your family and fighting off other trying to do the same.
 Quoting: Anonymous Coward 1469636


Ya know I think it's funny that in Patriots, lights out, one second after, they are worried about paying cash for their houses or retreats. Do they really think the bank is going to come and foreclose on houses when TSHTF? Too funny.
 Quoting: <FOCUS> 660580


I know. My DH keeps talking about paying things off. I tell him not to be in such a hurry.
 Quoting: lionhound



I mean if you are really worried about it, buy some Gold or Silver. Then when TSHTF bring it down to the bank and pay your house off with an ounce of gold and a few silver Liberties.
 Quoting: <FOCUS> 660580


That wouldn't work, the first thing the Feds would do is take control of all banks and confiscate your savings and all precious metals in lock boxes, you wouldn't have any gold anymore or silver or savings. Happened during the depression.