Financial slide.....
If/when we go to a (return) gold backed financial system. Could any one hazard a guess on how previous debt would be handled. Credit Cards, car loans, mortgages and the like. We just paid off every but the mortgage over the last 10 month. It was difficult but the right thing to do. Are previous debts getting wiped, what about asset back loans like homes and cars. Just gaming out Q post about financial reset and resent post about the quantum financial system.
My standing is, whoever pays off the mortgage or car loan, own it.
IF,
previous debts will be wiped, then why aren't people rushing out to get loans and buying spiffy new cars right now?
OR,
A reset could mean that everything is taken away from us and we all start fresh with $0.00 in our bank accounts. That would be a great reset.
Careful what you wish for, it's a Cook book.