Question : what happens if | |
Anonymous Coward User ID: 41779542 United States 04/05/2014 04:19 AM Report Abusive Post Report Copyright Violation | We live through another great depression for real instead of the papered over fantasy we live in now.Instead of food stamps hiding the fact that 15 million Americans can afford food we would have bread lines again. Oh,and we would probably have to relink the currency to something as every fiat currency in history has failed when the politicians and bankers print it into oblivion. The US money supply is already 4 times what it was in 2008,the Federal Reserves balance sheet is over 4 trillion,out debt is 17 trillion,and another 65 trillion in unfunded liabilities(Social security ect). You question should not be if....if should be when. |
Anonymous Coward User ID: 41779542 United States 04/05/2014 04:23 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 42024004 Australia 04/05/2014 04:25 AM Report Abusive Post Report Copyright Violation | there is a total economic collapse, banks are broke, no more pensions, no welfare, no Social Security, NOTHING. Quoting: sniper26 What happens to the people that have mortgages they can't pay, (mostly everyone) renter who can't pay, and people who own their property can't pay the taxes. What happens? Well the banks wont be after repayments that is for sure. If they tried you could just ignore them. What can they do no one is paying the 'extension officers of the system'. You talk about economic collapse than go on to talk about economics. It is a flawed discussion. |
Anonymous Coward User ID: 56411377 United States 04/05/2014 04:33 AM Report Abusive Post Report Copyright Violation | |