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if their is another economic crises...

 
Anonymous Coward
User ID: 29133742
United States
12/07/2012 11:10 AM
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if their is another economic crises...
here in America what are the chances my combined 4200 dollar credit card debt will die with this country? The debt is owned by 2 small debt collection companies so if there is further economic decline I am banking that the companies will go under and other debt companies wont want to buy their accounts as they are struggling with their own portfolios. When this happens does debt simply get written off? Or should I just file for bankruptcy now to be sure because I figure if America declines into a depression I am going to be poor regardless of whether I have a bankruptcy or not.
Anonymous Coward
User ID: 28384292
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12/07/2012 11:13 AM
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Re: if their is another economic crises...
I don't know, but can tell you one thing. If the government goes after people's 401Ks and IRAs like they are talking about to pay for such debts, then there will be war.
Renegade (Me too)

User ID: 28510817
United States
12/07/2012 11:15 AM

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Re: if their is another economic crises...
here in America what are the chances my combined 4200 dollar credit card debt will die with this country? The debt is owned by 2 small debt collection companies so if there is further economic decline I am banking that the companies will go under and other debt companies wont want to buy their accounts as they are struggling with their own portfolios. When this happens does debt simply get written off? Or should I just file for bankruptcy now to be sure because I figure if America declines into a depression I am going to be poor regardless of whether I have a bankruptcy or not.
 Quoting: Anonymous Coward 29133742


Good question. However, I think you better pay your debts.
Who is John Galt?
Anonymous Coward
User ID: 5262615
United States
12/07/2012 11:22 AM
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Re: if their is another economic crises...
I don't know, but can tell you one thing. If the government goes after people's 401Ks and IRAs like they are talking about to pay for such debts, then there will be war.
 Quoting: Anonymous Coward 28384292


bsflag they stole our SS
and there was no stinking "war"whatever
Anonymous Coward (OP)
User ID: 29133742
United States
12/07/2012 11:29 AM
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Re: if their is another economic crises...
here in America what are the chances my combined 4200 dollar credit card debt will die with this country? The debt is owned by 2 small debt collection companies so if there is further economic decline I am banking that the companies will go under and other debt companies wont want to buy their accounts as they are struggling with their own portfolios. When this happens does debt simply get written off? Or should I just file for bankruptcy now to be sure because I figure if America declines into a depression I am going to be poor regardless of whether I have a bankruptcy or not.
 Quoting: Anonymous Coward 29133742


Good question. However, I think you better pay your debts.
 Quoting: Renegade (Me too)


I am pretty sure your a propagandist but Ill let you explain your post.
Anonymous Coward (OP)
User ID: 29133742
United States
12/07/2012 12:58 PM
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Re: if their is another economic crises...
I should wait for the dollar to hyper inflate and pay the debt off for pennies on the dollar
Anonymous Coward
User ID: 1211208
United States
12/07/2012 12:59 PM
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Re: if their is another economic crises...
NO.....IT'S STILL THE SAME ONE... iamwith

What makes you think anything got better....News from Washington...& MSM???
Cosmic Traveler

User ID: 7047508
United States
12/07/2012 01:03 PM
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Re: if their is another economic crises...
Why do we need another economic crisis?
What wrong with the one we have?
Hard tell'in not know'in
Anonymous Coward (OP)
User ID: 29133742
United States
12/07/2012 01:23 PM
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Re: if their is another economic crises...
NO.....IT'S STILL THE SAME ONE... iamwith

What makes you think anything got better....News from Washington...& MSM???
 Quoting: Anonymous Coward 1211208


Why do we need another economic crisis?
What wrong with the one we have?
 Quoting: Cosmic Traveler


doesnt take an economist to understand the its gonna get worse next year. Obamacare making empoyers cut jobs/hours, fiscal cliff, Govt hitting debt ceiling, student loans in 90 day defaults skyrocketing, Greece dropping out of Eurozone, Germany expected to to fall in recession in 2013 according to ECB.

If Americans are gonna be permanently poor as we move further towards a "global economic community" then why should Americans bother paying their debts now? It would also put a dent into the plans of the "global elite" if America collapses while they still need it.
Roobit

User ID: 27674954
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12/07/2012 01:24 PM

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Re: if their is another economic crises...
A guy being interviewed yesterday on Bloomberg said, look, we have had rates at about zero for nearly 5 years, we are in a depression. That isn't an exact quote. But first ive heard that on a msm channel.
Avoid the Ebola.

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