Debt/crash question

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.

No. Money will be worth less and your debt will remain the same. You're jsut paying it off with a lower value dollar.

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.

Fixed rates would be okay but all Taxes will go up with the inflation. They have riders on them.

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...

Before the crash - expect a debt run from the banks.

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

...Then comes the crash

Vast de Rabobank.

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...

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.

Actually I am douche bag... not speculation. You have no fucking clue what comes...

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.

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]

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

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.

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.

They wont take PM's when that day comes...

Oh, but I am...

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?

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.

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...

Yes they will. If you don't know why, then your fucked...

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 :)

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.

Never sign a loan that says that!

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!

Yes, if you have HARD assets..

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!