Ping!
OK, so “global systemic collapse”- what does that mean to main street?
Does it mean, no-notice, the ATM’s and credit cards just “stop working” one day? No one will take checks because they are not being accepted for deposit?
I assume this happens no-notice to the general public, as the elites prepare ahead of time. The banks are shuttered, so no access to “safe deposit boxes”
This breaks when Congress either is on a “break” or declares an emergency recess and heads for GreenBriar or other pre-selected “safe” hiding place as public order is expected to collapse with no money, swiftly disappearing food and gasoline supplies, and a fallback an collapse of local governments who are too overwhelmed to provide public order or other services??
Is this the effect of global systemic collapse?
I have never really understood why banks lend for mortgages. They take all the risks and get very little profit. If interest rates go up, the homeowner stays put with cheap interest rates. If interest rates go down the homeowner refinances to get the cheaper rates. If property values go up, the homeowner sells for a nice profit. If property values go down the homeowner walks away and let the Bank take the loss.
It seems like there is way too much risk for the differential in interest rate earnings compared to other types of loans.
I’m in a rush today so I can’t comment on all threads, but I’m reading them very fast! THanks!