But I think the banks and government will wipe of some ammount of debt.
I think it comes down to mortgage owners i think the mortgage debts will be wiped off.
Some how the world must Go on... Government is not interested about panic or massive collapse...
They Want people will produce and economy will Go on.
The debt deleting is only option here what i see!
Other options like letting the crisis coming are much more painful and over all much more expensive since it cost a lot money to run military Operation when are in martal law situation.
Topic: World debt and currency reset - page 4. (Read 785 times)
The system always has failures, is based on debt, the 2008 crisis was the fault of the bank, it is predicted that the next fall will be by the same bank.
There is no need to panic anymore, Bitcoin represents a form of refuge for money, some investors are waking up and are buying Bitcoin, some who do not trust technology and in this market buy gold, but digital gold is present and is Bitcoin
According to recent studies, between Visa, Master Card, PayPal and Bitcoin, Bitcoin is a third option, barely 10 years old, its adoption today is getting stronger, as time goes by people will prefer Bitcoin as better means of payment, the world economy is dominated by the hegemony of the dollar, it is obvious that it has always been this way, in case of the crash, they will begin to recover through Gold and Bitcoin, and Argentina and Venezuela have it clear, so their high volumes In negotiations with Bitcoin, now Chile is joining this trend, the reason is simple, it is a deflationary economy, used as a great refuge, if the crash occurs, the important thing is to have the diversification of money with Bitcoin, that way, we will be safe.
There is no need to panic anymore, Bitcoin represents a form of refuge for money, some investors are waking up and are buying Bitcoin, some who do not trust technology and in this market buy gold, but digital gold is present and is Bitcoin
According to recent studies, between Visa, Master Card, PayPal and Bitcoin, Bitcoin is a third option, barely 10 years old, its adoption today is getting stronger, as time goes by people will prefer Bitcoin as better means of payment, the world economy is dominated by the hegemony of the dollar, it is obvious that it has always been this way, in case of the crash, they will begin to recover through Gold and Bitcoin, and Argentina and Venezuela have it clear, so their high volumes In negotiations with Bitcoin, now Chile is joining this trend, the reason is simple, it is a deflationary economy, used as a great refuge, if the crash occurs, the important thing is to have the diversification of money with Bitcoin, that way, we will be safe.
Then why btc is still under 10k?
Bitcoin liquitity is not enough to be accepted everywhere!
And confirmations are slow, indedd with visa or master card pos are instant transfers!
There is all ready Confusing and fear but Bitcoin still not strong If the Bitcoin is king it should be Worthed More!
And ETH should be at least 1000 $
So crypto is under valued!
They will restart the whole system and nobody have no debts at all.
There is possibility for that. There is what is called debt forgiveness. The government do that sometimes to its
states when it is obvious that the debt is too much or sometimes, some part of the debts are cancelled.
no. that is not possible. you think you will just delete all and get away with it if you have debt to pay to me? will be beat up by the bunch of mobsters i will hire to take the valuable things you own. if you own money to someone and you can't pay in the agreed date, your ass belongs to them.
the government will keep stealing from their people to pay debts thats how it works. if it meant they will inflate their money they will do it to show they are doing something.
That's when You borrow the real money all ready created printed money!
The system always has failures, is based on debt, the 2008 crisis was the fault of the bank, it is predicted that the next fall will be by the same bank.
There is no need to panic anymore, Bitcoin represents a form of refuge for money, some investors are waking up and are buying Bitcoin, some who do not trust technology and in this market buy gold, but digital gold is present and is Bitcoin
According to recent studies, between Visa, Master Card, PayPal and Bitcoin, Bitcoin is a third option, barely 10 years old, its adoption today is getting stronger, as time goes by people will prefer Bitcoin as better means of payment, the world economy is dominated by the hegemony of the dollar, it is obvious that it has always been this way, in case of the crash, they will begin to recover through Gold and Bitcoin, and Argentina and Venezuela have it clear, so their high volumes In negotiations with Bitcoin, now Chile is joining this trend, the reason is simple, it is a deflationary economy, used as a great refuge, if the crash occurs, the important thing is to have the diversification of money with Bitcoin, that way, we will be safe.
There is no need to panic anymore, Bitcoin represents a form of refuge for money, some investors are waking up and are buying Bitcoin, some who do not trust technology and in this market buy gold, but digital gold is present and is Bitcoin
According to recent studies, between Visa, Master Card, PayPal and Bitcoin, Bitcoin is a third option, barely 10 years old, its adoption today is getting stronger, as time goes by people will prefer Bitcoin as better means of payment, the world economy is dominated by the hegemony of the dollar, it is obvious that it has always been this way, in case of the crash, they will begin to recover through Gold and Bitcoin, and Argentina and Venezuela have it clear, so their high volumes In negotiations with Bitcoin, now Chile is joining this trend, the reason is simple, it is a deflationary economy, used as a great refuge, if the crash occurs, the important thing is to have the diversification of money with Bitcoin, that way, we will be safe.
What the Governments do about that?
Do you think they can just wipe off the debt..
Let's Say people own debt what they cant repay so the government can just restart everything all over again people debts will be just deleted and everything will start again?
Do you think they can just wipe off the debt..
Let's Say people own debt what they cant repay so the government can just restart everything all over again people debts will be just deleted and everything will start again?
That's effectively what happens in a currency collapse. If you own debts denominated in a worthless currency, the debts are worthless. That effectively means debtors are liberated and lenders lose everything.
Let's say the US defaults on its debts and the USD collapses.
What You think what the government will do Around the world?
Are they gona replace the currency with other currency?
What You think what the government will do Around the world?
Are they gona replace the currency with other currency?
When America sneezes, the world catches a cold. If the USD collapsed there would be a global financial meltdown. Other economies are intimately tied to the US economy, whether through manufacturing and trade, debt financing, etc. It would probably lead to the collapse of other fiat currencies and cause a global currency reset.
They will restart the whole system and nobody have no debts at all.
There is possibility for that. There is what is called debt forgiveness. The government do that sometimes to its
states when it is obvious that the debt is too much or sometimes, some part of the debts are cancelled.
no. that is not possible. you think you will just delete all and get away with it if you have debt to pay to me? will be beat up by the bunch of mobsters i will hire to take the valuable things you own. if you own money to someone and you can't pay in the agreed date, your ass belongs to them.
the government will keep stealing from their people to pay debts thats how it works. if it meant they will inflate their money they will do it to show they are doing something.
They will restart the whole system and nobody have no debts at all.
There is possibility for that. There is what is called debt forgiveness. The government do that sometimes to its
states when it is obvious that the debt is too much or sometimes, some part of the debts are cancelled.
What the Governments do about that?
Do you think they can just wipe off the debt..
Let's Say people own debt what they cant repay so the government can just restart everything all over again people debts will be just deleted and everything will start again?
What You think what the government will do Around the world?
Are they gona replace the currency with other currency?
They will let the economy to fall Down
They will restart the whole system and nobody have no debts at all.
Do you think they can just wipe off the debt..
Let's Say people own debt what they cant repay so the government can just restart everything all over again people debts will be just deleted and everything will start again?
What You think what the government will do Around the world?
Are they gona replace the currency with other currency?
They will let the economy to fall Down
They will restart the whole system and nobody have no debts at all.
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