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Debt/crash question

 
Anonymous Coward
User ID: 27583653
United States
11/12/2012 09:45 AM
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Debt/crash question
If/when the shtf and we have hyperinflation, will the debts I have (that are in dollars) be readjusted or would I owe what I owe?

For example, if I owe $100,000 and we have hyperinflation, seeing how the money is worth(less,) I should be able to pay it off easily...

correct?
Anonymous Coward
User ID: 331367
Austria
11/12/2012 09:47 AM
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Re: Debt/crash question
If/when the shtf and we have hyperinflation, will the debts I have (that are in dollars) be readjusted or would I owe what I owe?

For example, if I owe $100,000 and we have hyperinflation, seeing how the money is worth(less,) I should be able to pay it off easily...

correct?
 Quoting: Anonymous Coward 27583653



Ah .. the sheeple dream .. something for nothing


Wrong.




Because the costs of living will increase faster than your income so the money available for paying debt will even become more rarer.
Anonymous Coward
User ID: 20894836
United States
11/12/2012 09:57 AM
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Re: Debt/crash question
No. Money will be worth less and your debt will remain the same. You're jsut paying it off with a lower value dollar.
Anonymous Coward
User ID: 16764653
United States
11/12/2012 10:51 AM
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Re: Debt/crash question
You will be able to take worthless dollars out of the rain gutter and pay off your debt. So yes, essentially your debt becomes worthless as the dollar becomes worthless. BUT, tptb are fully aware of this and will certainly find a way to keep you forever enslaved to your debt via technology or something like that.

So do a bankruptcy now or pay it off you want a clean slate for what is coming, unless you are a real man with a ballsack hanging between your legs and you simply refute the debt and make a stand.
PatrikC325

User ID: 1166101
United States
11/12/2012 10:53 AM

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Re: Debt/crash question
If/when the shtf and we have hyperinflation, will the debts I have (that are in dollars) be readjusted or would I owe what I owe?

For example, if I owe $100,000 and we have hyperinflation, seeing how the money is worth(less,) I should be able to pay it off easily...

correct?
 Quoting: Anonymous Coward 27583653


Fixed rates would be okay but all Taxes will go up with the inflation. They have riders on them.
Anonymous Coward
User ID: 26376258
United States
11/12/2012 10:53 AM
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Re: Debt/crash question
If/when the shtf and we have hyperinflation, will the debts I have (that are in dollars) be readjusted or would I owe what I owe?

For example, if I owe $100,000 and we have hyperinflation, seeing how the money is worth(less,) I should be able to pay it off easily...

correct?
 Quoting: Anonymous Coward 27583653


Two things, either the debt gets readjusted or a new currency gets issued and the debt reflected upon the new currency. Anyone else saying different is talking out their ass. Chances are for number 2, above...
Anonymous Coward
User ID: 1266452
Canada
11/12/2012 10:54 AM
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Re: Debt/crash question
Before the crash - expect a debt run from the banks.

You owe what you owe - or we take your house.

...Then comes the crash
Anonymous Coward
User ID: 11223885
Netherlands
11/12/2012 10:57 AM
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Re: Debt/crash question
Vast de Rabobank.
Anonymous Coward
User ID: 26376258
United States
11/12/2012 10:57 AM
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Re: Debt/crash question
Before the crash - expect a debt run from the banks.

You owe what you owe - or we take your house.

...Then comes the crash
 Quoting: Anonymous Coward 1266452



Wrong. Expect little laws here and there that no one can figure out why they are passing, building up to something that triggers a panic, but its too late to take anything substantial out of the bank due to the prior laws enacted...
Anonymous Coward
User ID: 1266452
Canada
11/12/2012 11:00 AM
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Re: Debt/crash question
Before the crash - expect a debt run from the banks.

You owe what you owe - or we take your house.

...Then comes the crash
 Quoting: Anonymous Coward 1266452



Wrong. Expect little laws here and there that no one can figure out why they are passing, building up to something that triggers a panic, but its too late to take anything substantial out of the bank due to the prior laws enacted...
 Quoting: Anonymous Coward 26376258


Yes, my speculation is as wrong as yours.

God, you're the expert eh?

These people would have allowed your debt to be paid off easily when that's how they control you.

...Right.

Next time you say 'wrong'...Make sure your point is legit - and not speculation.
Anonymous Coward
User ID: 26376258
United States
11/12/2012 11:03 AM
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Re: Debt/crash question
Before the crash - expect a debt run from the banks.

You owe what you owe - or we take your house.

...Then comes the crash
 Quoting: Anonymous Coward 1266452



Wrong. Expect little laws here and there that no one can figure out why they are passing, building up to something that triggers a panic, but its too late to take anything substantial out of the bank due to the prior laws enacted...
 Quoting: Anonymous Coward 26376258


Yes, my speculation is as wrong as yours.

God, you're the expert eh?

These people would have allowed your debt to be paid off easily when that's how they control you.

...Right.

Next time you say 'wrong'...Make sure your point is legit - and not speculation.
 Quoting: Anonymous Coward 1266452




Actually I am douche bag... not speculation. You have no fucking clue what comes...
Anonymous Coward
User ID: 1266452
Canada
11/12/2012 11:05 AM
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Re: Debt/crash question
Before the crash - expect a debt run from the banks.

You owe what you owe - or we take your house.

...Then comes the crash
 Quoting: Anonymous Coward 1266452



Wrong. Expect little laws here and there that no one can figure out why they are passing, building up to something that triggers a panic, but its too late to take anything substantial out of the bank due to the prior laws enacted...
 Quoting: Anonymous Coward 26376258


Yes, my speculation is as wrong as yours.

God, you're the expert eh?

These people would have allowed your debt to be paid off easily when that's how they control you.

...Right.

Next time you say 'wrong'...Make sure your point is legit - and not speculation.
 Quoting: Anonymous Coward 1266452




Actually I am douche bag... not speculation. You have no fucking clue what comes...
 Quoting: Anonymous Coward 26376258


This is not a dick measuring contest.

Your hate shows the lack of knowledge you know.
Your closed mindedness shows the lack of love you have.

I have a good clue as to what comes.

...Whatever we make.
truth
User ID: 27540931
United States
11/12/2012 11:12 AM
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Re: Debt/crash question
You will be able to take worthless dollars out of the rain gutter and pay off your debt. So yes, essentially your debt becomes worthless as the dollar becomes worthless. BUT, tptb are fully aware of this and will certainly find a way to keep you forever enslaved to your debt via technology or something like that.

So do a bankruptcy now or pay it off you want a clean slate for what is coming, unless you are a real man with a ballsack hanging between your legs and you simply refute the debt and make a stand.
 Quoting: Anonymous Coward 16764653


i should think that if the contract says "dollars" then dollars it its no matter what. However i suspect contracts now are saying something like "legal tender". Everyone should scrutinize their new contracts, and, of course, some of the less new.

Check to see if some kind of law has been sneaking around in the government to be passed, or has already been passed.

Is the dollar still "legal tender" ! ! ! ?

If so/ or not remember this:
[link to www.youtube.com]
Anonymous Coward
User ID: 26376258
United States
11/12/2012 11:21 AM
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Re: Debt/crash question
...



Wrong. Expect little laws here and there that no one can figure out why they are passing, building up to something that triggers a panic, but its too late to take anything substantial out of the bank due to the prior laws enacted...
 Quoting: Anonymous Coward 26376258


Yes, my speculation is as wrong as yours.

God, you're the expert eh?

These people would have allowed your debt to be paid off easily when that's how they control you.

...Right.

Next time you say 'wrong'...Make sure your point is legit - and not speculation.
 Quoting: Anonymous Coward 1266452




Actually I am douche bag... not speculation. You have no fucking clue what comes...
 Quoting: Anonymous Coward 26376258


This is not a dick measuring contest.

Your hate shows the lack of knowledge you know.
Your closed mindedness shows the lack of love you have.

I have a good clue as to what comes.

...Whatever we make.
 Quoting: Anonymous Coward 1266452



Okay... whatever, some of us know, some of us make the rules to the game, whats your pathetic response...
andawg221

User ID: 27594149
United States
11/12/2012 11:23 AM
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Re: Debt/crash question
If/when the shtf and we have hyperinflation, will the debts I have (that are in dollars) be readjusted or would I owe what I owe?

For example, if I owe $100,000 and we have hyperinflation, seeing how the money is worth(less,) I should be able to pay it off easily...

correct?
 Quoting: Anonymous Coward 27583653


Hedge with silver. IF you believe hyperinflation is coming (I do). Then try to pile up at least 100 oz, more is better.

And in the event the currency completely changes, I really wouldn't know about you owing a bank $100,000 USD.

But it would probably if anything reduce your debt. Not that we will get paid nearly as much in a nwo currency.
Anonymous Coward
User ID: 1266452
Canada
11/12/2012 11:24 AM
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Re: Debt/crash question
...


Yes, my speculation is as wrong as yours.

God, you're the expert eh?

These people would have allowed your debt to be paid off easily when that's how they control you.

...Right.

Next time you say 'wrong'...Make sure your point is legit - and not speculation.
 Quoting: Anonymous Coward 1266452




Actually I am douche bag... not speculation. You have no fucking clue what comes...
 Quoting: Anonymous Coward 26376258


This is not a dick measuring contest.

Your hate shows the lack of knowledge you know.
Your closed mindedness shows the lack of love you have.

I have a good clue as to what comes.

...Whatever we make.
 Quoting: Anonymous Coward 1266452



Okay... whatever, some of us know, some of us make the rules to the game, whats your pathetic response...
 Quoting: Anonymous Coward 26376258


You're not the person who makes the rules to the game.

Our collective consciousness makes the rules, too bad we've been conditioned to make it shitty.

My pathetic response is always love.

I look forward to seeing more hate from you.

If you were truly in the know, you wouldn't be here.
Anonymous Coward
User ID: 26376258
United States
11/12/2012 11:25 AM
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Re: Debt/crash question
If/when the shtf and we have hyperinflation, will the debts I have (that are in dollars) be readjusted or would I owe what I owe?

For example, if I owe $100,000 and we have hyperinflation, seeing how the money is worth(less,) I should be able to pay it off easily...

correct?
 Quoting: Anonymous Coward 27583653


Hedge with silver. IF you believe hyperinflation is coming (I do). Then try to pile up at least 100 oz, more is better.

And in the event the currency completely changes, I really wouldn't know about you owing a bank $100,000 USD.

But it would probably if anything reduce your debt. Not that we will get paid nearly as much in a nwo currency.
 Quoting: andawg221


They wont take PM's when that day comes...
Anonymous Coward
User ID: 26376258
United States
11/12/2012 11:25 AM
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Re: Debt/crash question
...




Actually I am douche bag... not speculation. You have no fucking clue what comes...
 Quoting: Anonymous Coward 26376258


This is not a dick measuring contest.

Your hate shows the lack of knowledge you know.
Your closed mindedness shows the lack of love you have.

I have a good clue as to what comes.

...Whatever we make.
 Quoting: Anonymous Coward 1266452



Okay... whatever, some of us know, some of us make the rules to the game, whats your pathetic response...
 Quoting: Anonymous Coward 26376258


You're not the person who makes the rules to the game.

Our collective consciousness makes the rules, too bad we've been conditioned to make it shitty.

My pathetic response is always love.

I look forward to seeing more hate from you.

If you were truly in the know, you wouldn't be here.
 Quoting: Anonymous Coward 1266452



Oh, but I am...
Anonymous Coward
User ID: 1266452
Canada
11/12/2012 11:26 AM
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Re: Debt/crash question
...


This is not a dick measuring contest.

Your hate shows the lack of knowledge you know.
Your closed mindedness shows the lack of love you have.

I have a good clue as to what comes.

...Whatever we make.
 Quoting: Anonymous Coward 1266452



Okay... whatever, some of us know, some of us make the rules to the game, whats your pathetic response...
 Quoting: Anonymous Coward 26376258


You're not the person who makes the rules to the game.

Our collective consciousness makes the rules, too bad we've been conditioned to make it shitty.

My pathetic response is always love.

I look forward to seeing more hate from you.

If you were truly in the know, you wouldn't be here.
 Quoting: Anonymous Coward 1266452



Oh, but I am...
 Quoting: Anonymous Coward 26376258


If you were your logic and so called facts would make sense.

Tell me, in your mind - and the situation you presented.
...When will this happen?
andawg221

User ID: 27594149
United States
11/12/2012 11:29 AM
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Re: Debt/crash question
If/when the shtf and we have hyperinflation, will the debts I have (that are in dollars) be readjusted or would I owe what I owe?

For example, if I owe $100,000 and we have hyperinflation, seeing how the money is worth(less,) I should be able to pay it off easily...

correct?
 Quoting: Anonymous Coward 27583653


Hedge with silver. IF you believe hyperinflation is coming (I do). Then try to pile up at least 100 oz, more is better.

And in the event the currency completely changes, I really wouldn't know about you owing a bank $100,000 USD.

But it would probably if anything reduce your debt. Not that we will get paid nearly as much in a nwo currency.
 Quoting: andawg221


They wont take PM's when that day comes...
 Quoting: Anonymous Coward 26376258


So at some point, PM will be worthless? It has to many technology based uses for them to be worthless!

You can argue tptb will confiscate them. But not their value.
BRIEF
Rebel with morals

User ID: 381742
United States
11/12/2012 11:30 AM

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Re: Debt/crash question
Borrowing money is dumb, but in a hyperinflation scenario people will borrow to buy even a TV when the cost inflates faster than they can save...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 26376258
United States
11/12/2012 11:31 AM
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Re: Debt/crash question
If/when the shtf and we have hyperinflation, will the debts I have (that are in dollars) be readjusted or would I owe what I owe?

For example, if I owe $100,000 and we have hyperinflation, seeing how the money is worth(less,) I should be able to pay it off easily...

correct?
 Quoting: Anonymous Coward 27583653


Hedge with silver. IF you believe hyperinflation is coming (I do). Then try to pile up at least 100 oz, more is better.

And in the event the currency completely changes, I really wouldn't know about you owing a bank $100,000 USD.

But it would probably if anything reduce your debt. Not that we will get paid nearly as much in a nwo currency.
 Quoting: andawg221


They wont take PM's when that day comes...
 Quoting: Anonymous Coward 26376258


So at some point, PM will be worthless? It has to many technology based uses for them to be worthless!

You can argue tptb will confiscate them. But not their value.
 Quoting: andawg221


Yes they will. If you don't know why, then your fucked...
BRIEF
Rebel with morals

User ID: 381742
United States
11/12/2012 11:33 AM

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Re: Debt/crash question
In the 80's I bought CD's (certificates of depression) at 10% just to try and keep up with inflation...in other words my money was growing but wasn't worth any more than what I invested...investing works just like borrowing, just in reverse :)
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 14627334
11/12/2012 12:13 PM
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Re: Debt/crash question
When most folks sign a LOAN contract, there is a clause in there that allows the LENDER to "call-in" the loan.

In other words, the LENDER may demand payment-in-full at any time with as little as a 24 hour notice.

So, in some sort of fiscal crisis with LENDERS, payment-in-full may be your ONLY option.
BRIEF
Rebel with morals

User ID: 381742
United States
11/12/2012 12:20 PM

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Re: Debt/crash question
When most folks sign a LOAN contract, there is a clause in there that allows the LENDER to "call-in" the loan.

In other words, the LENDER may demand payment-in-full at any time with as little as a 24 hour notice.

So, in some sort of fiscal crisis with LENDERS, payment-in-full may be your ONLY option.
 Quoting: Anonymous Coward 14627334


Never sign a loan that says that!
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
andawg221

User ID: 22151595
United States
11/14/2012 07:44 AM
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Re: Debt/crash question
...


Hedge with silver. IF you believe hyperinflation is coming (I do). Then try to pile up at least 100 oz, more is better.

And in the event the currency completely changes, I really wouldn't know about you owing a bank $100,000 USD.

But it would probably if anything reduce your debt. Not that we will get paid nearly as much in a nwo currency.
 Quoting: andawg221


They wont take PM's when that day comes...
 Quoting: Anonymous Coward 26376258


So at some point, PM will be worthless? It has to many technology based uses for them to be worthless!

You can argue tptb will confiscate them. But not their value.
 Quoting: andawg221


Yes they will. If you don't know why, then your fucked...
 Quoting: Anonymous Coward 26376258


If you are talking biblical, yes.

But if we are gonna take it to that extreme. Why not just kill yourself now? It's gonna happen eventually, right?

I swear, you can't mention PM's without somebody speaking of them in terms of the very end times!
gebahie

User ID: 1475197
United States
11/14/2012 07:45 AM

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Re: Debt/crash question
If/when the shtf and we have hyperinflation, will the debts I have (that are in dollars) be readjusted or would I owe what I owe?

For example, if I owe $100,000 and we have hyperinflation, seeing how the money is worth(less,) I should be able to pay it off easily...

correct?
 Quoting: Anonymous Coward 27583653


Yes, if you have HARD assets..
andawg221

User ID: 22151595
United States
11/14/2012 07:48 AM
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Re: Debt/crash question
In the 80's I bought CD's (certificates of depression) at 10% just to try and keep up with inflation...in other words my money was growing but wasn't worth any more than what I invested...investing works just like borrowing, just in reverse :)
 Quoting: BRIEF


It's crazy to think the interest rates were that high. Now 0.20% is what my bank was offering last I looked.

On the plus side IF you can get a loan, now is a good time to do it!