What Will Happen To My Debt When The Dollar Collapses

The federal government owes $7 trillion and its debt is soaring. The US economy and US dollar will collapse under the enormous US debt burden. With the value of the dollar sliding lower each day there are some experts who are predicting the US Dollar to reach a point that it will either collapse or need to be reevaluated but either way. But there was a stretch of months when everything he touched turned into a deal. In fact, all signs point to the possibility that such a collapse is desired by the Anglo-financier community. demand for Chinese exports. The scale of the third world debt crisis involves large sums of money for developing countries. dollar is about to be replaced as the world's reserve currency. Once the initial shock faded, investors realized that there were few alternatives to U. Slide [28] I hope that I didn't make it sound as if the Soviet collapse was a walk in the park, because it was really quite awful in many ways. currency, relative to its competitors, is not as strong as many would like to think. America's debt binge has put its economy at grave risk. Without lenders, the U. Why Fear of a US Dollar Collapse is Rising. As you can see in the chart below, GDXJ is up 12. Economic war. The hyperinflation/ dollar devaluation freight train that is rolling at us right now is uncharted territory for most Americans. 2 trillion and climbing rapidly), you will occasionally run into the odd kook who will say something like: "I think that the United States should just default". Now that should help their exporters, but in the current moment it can make the debt crisis worse. And should the collapse not start in November, he is ready to explain why it didn't happen by December. What happens to those loans if the Dollar collapses and becomes worthless? Or if, after the Dollar collapses, America switches to a new currency? Do all of the loans which were written in Dollars become Paid In Full? Or will they write new contracts and switch all the old loans into a new currency?. For example, if your home is worth $250,000 and the mortgage on the home is $252,000, there is no equity in the home and the IRS will show no interest in seizing it to satisfy your tax debt. The final flight, from Orlando to Manchester, is the last of 746 flights undertaken in the two weeks since. The Last Days of the Dollarby Robert Kiyosaki Tuesday, October 17, 2006 In 1966, I was traveling the Pacific aboard a freighter. The scale of the third world debt crisis involves large sums of money for developing countries. Regardless of their intentions, though, more debt only worsens the situation, creating higher borrowing costs in the long run, and even more debt. My argument was about capital, but a similar response works for wealth as well. Perhaps it’s the kick up the behind investors need to prevent them sleepwalking into a crisis… Perpetual debt. I feel like I would be doing a disservice if I didn’t explain to you the most important thing that you could take away from this website. We finally had created a nest egg that we were looking forward to in the next five years for our retirement. My purpose in writing the above article was to point out the reality of the existing threat, not draw an exact timeline. Keywords "Acknowledgement of service, Admission form, CCJ, County court judgement, Court, Court forms, Debt, Defence form, Owing money, Small claim". Categories: collapse, Economy, Money | Tags: collapse of the dollar, coming economic collapse, currency crisis, death of money, Dollar collapse, dollar collapse 2015, economic collapse, economic downturn, economy collapse, financial collapse, financial collapse 2015, global economic collapse, how to, how to prepare for economic collapse, how to. If a dollar is worth two pounds of potatoes today, a collapse would mean that has less buying power and may just buy one french fry. In our debt based monetary system, either total debt must grow or the entire system collapses. The severity of this debt collapse around in the USA, coupled with the impotence of the US government, the emperor has no clothes, their inability to mount a rescue of the US economy - because. He used the term ‘Olduvai’ to make reference to the Olduvai Gorge in. With the value of the dollar sliding lower each day there are some experts who are predicting the US Dollar to reach a point that it will either collapse or need to be reevaluated but either way. Here's what happened to the stock market on Friday. Since the start of 2017, the US dollar collapse has been evident – down 15%. "In my opinion, the probability of the US ceasing to exist by June, 2010 exceeds 50%. We don't want to scare anyone, but investors need to be aware of this recession prediction: 2018 could be the year of the next downturn. Collapse and the Sorites Paradox Often times those who talk about collapse run into quite a bit of difficulty. The US dollar is set for it's first decline in five years, and 2018 will bring more of the same — Quartz Skip to navigation Skip to. This helps China. Since the last economic collapse and market crash, we have witnessed the greatest corporate debt binge in U. What Happens if my Debt is Sold to a Collection Agency? When taking out a loan or line of credit, you make a promise to a lender to pay back the entire amount loaned, plus interest. At the moment, the lenders are China, Japan, and the OPEC countries. They also have no influence on the far more important factor of wages, for teachers or anyone else. In other words, an American debt crisis will be a crisis of inflation, whereby our standard of living would be significantly reduced by the falling value of our currency. 2 trillion and climbing rapidly), you will occasionally run into the odd kook who will say something like: "I think that the United States should just default". Even though currency valuation was not a subject taught at the Merchant Marine academy, my ship constantly traveled from one country to the next, so my education in what is today called FX -- or foreign exchange -- began. interest rates. Unfair debt can therefore technically be written off quite easily but is not. What exactly happens if the dollar collapses and I owe debt?. Panic only occurs when you’re not prepared and you didn’t think the inevitable could happen. Yet unlike in the Great Recession, the world is not going to buy up a new flood of U. Here’s the simple part: If the card was yours alone, with no joint account holders, the debt is yours alone, too. It's not going to happen. The US government has run up trillions of dollars in debt, and given the recent debates over the country’s debt ceiling, we can rest assured that neither Congress or the President will act to curtail spending and balance the budget. America's debt binge has put its economy at grave risk. After a decade-long recession and years of plummeting bond prices culminating in notable defaults, Puerto Rico has finally been allowed to file for its own version of. ” Chances are that if you pay off all of your mortgage related debt your scores will go up, but not to the extent you’re expecting. The word “save” is becoming archaic in this debt servitude paradigm, a paradigm that was build on sand and cards and that can and will eventually collapse. If you were 100% certain that there would be a dollar collapse, you might put all of your money into crypto and precious metals, or find some other way to bet against the dollar. If you believe that you would be at risk to becoming homeless, you might want to consider mitigating that risk somehow. Is the United States facing a total financial collapse in this generation? Is the mighty American dollar about to be crushed by cold economic reality? The truth may just be a lot more frightening than you ever imagined. What he’s saying is that on average, house prices are about 4% lower than they’d otherwise be. Social Security's Coming Crash: The Certain End of Entitlement "The only thing theUnited States is able to do a little after 2040 is pay intereston massive and growing federal debt. But every extra dollar I earned helped me tackle my student loans. ” Target creditors got more than 80 cents on the dollar for. Chinese lenders snap up so much of the U. Economic war. We finally had created a nest egg that we were looking forward to in the next five years for our retirement. But foreigners and most investors didn’t expect the Federal Funds Rate would go up 425% in two years! So, if you are China, and you have a $1 trillion U. Imagine you had a mortgage with $100,000 left on it, and your income was $50,000 a year. Most likely they'll pass emergency legislation to prohibit you from paying off your mortgage early, and then re-value it in whatever currency exists post-crisis. Four years ago, my husband and I were $200,000 in debt, with $25,000 on credit cards, $21,000 in auto loans, and a mortgage of $154,000. When you consider the circumstances that can either cause or prevent a dollar collapse it is absolutely clear that it is completely beyond our control at the individual level. What happens to those loans if the Dollar collapses and becomes worthless? Or if, after the Dollar collapses, America switches to a new currency? Do all of the loans which were written in Dollars become Paid In Full? Or will they write new contracts and switch all the old loans into a new currency?. The dollar collapse: Not whether, but when Exclusive: Lord Monckton explains what'll happen when the crunch finally comes According to my calculations, federal debt has risen not by zero but. Believe me, I am not talking hogwash about debt forgiveness. Don't look forward to escaping from credit card debt if you fear an economic collapse approaching. The value of the dollar is falling; many stocks are once again wildly overvalued; and bonds, tied to an ever-diminishing dollar, are a disaster waiting to happen. The debt did not benefit the borrower. Here are my facsimiles of deutsche marks from Weimar Germany [holds up sheaf of papers]. The 1964 is therefore the only. Doing so causes the debt to increase because additional interest charges accrue. Manufacturers who heavily depend upon foreign supplies will suffer greatly as the Dollar collapses. It is a mathematical inevitability. he didn't address the idea of. Van Jones: Trump doesn't care about deficits. Then, not only will silver’s advancement not be slowed down, but it will get a major “turbo” boost (more than it got during the 70s). Liberal judges making al the decisions. First, it can go into a Japanese bank, increasing the total amount of reserves that bank can lend off of, and thus. How The Coming Dollar Collapse Will Leave Americans Destitute Written by: Off The Grid News Staff Financial 5 Comments Print This Article An increasing number of financial experts are saying the United States dollar is no longer a reliable and dependable currency – and that its downfall is inevitable. 2012 nick: onoofut what happens to mortgages when economy collapses What Happens If A Mortgage Company Collapses? If an Economy Collapses What Happens to Credit Card Debt? What Happens to Mortgage & Credit Card Debts in a Dollar Devaluation? What happens if you own a house and pay mortgages,. Over the next decade, we'll spend around $7 trillion -- $55,000 per household -- just servicing our debt. Facebook; I've put together my 21 most powerful Forex strategies. That makes the next step after refinancing and debt consolidation the most important. That started in America and it ended up hurting us all in one way or another. The final flight, from Orlando to Manchester, is the last of 746 flights undertaken in the two weeks since. Are you prepared? The following is a list of 20 things you and your family will need to survive when the economy totally collapses and the next Great Depression begins #1) Storable Foo. Government has started selling MRAPs to every backwoods county in the U. Then, not only will silver’s advancement not be slowed down, but it will get a major “turbo” boost (more than it got during the 70s). Re: USA will collapse - secret meeting teams to end the US dollar as currency for oil Inflation is one way to make our debt a smaller percentage of GDP Oh and first. 5 percent, the interest cost alone on the projected $20 trillion of. That's why we launched our Stansberry's Credit Opportunities newsletter. Now there are reports giving a certain time period when the U. Returning to the issue of bank failures, if the bank that holds your mortgage were to fail, the FDIC would step in and oversee the sale of their assets to another institution. Because of an oil backed economy , instead of the gold standard. As soon as that happens then there will be a new place for investors to put their money. Worldwide debt has increased twofold over just the past 15 years, an increase of nearly $15. Categories: collapse, Economy, Money | Tags: collapse of the dollar, coming economic collapse, currency crisis, death of money, Dollar collapse, dollar collapse 2015, economic collapse, economic downturn, economy collapse, financial collapse, financial collapse 2015, global economic collapse, how to, how to prepare for economic collapse, how to. However, because of the unique role of the dollar in the world's economy, the impacts of a dollar collapse could be less direct and. If a dollar is worth two pounds of potatoes today, a collapse would mean that has less buying power and may just buy one french fry. A dollar collapse is far from certain. debt and the dollar collapse. If a significant economic downturn happens here, it could happen quickly, especially if it’s a true collapse of the economy. Often economic collapse is accompanied by social chaos, civil unrest and a breakdown of law and order. This might sound crazy. So, my guess is that the prices of silver and gold will spike up (in dollar terms) in a short period of time followed by a continuing increase as the dollar fades to black, while the prices of houses may at first collapse as the economy tanks, and later start to rise to infinity as hyperinflation sets in. Foreign Policy; The Decline and Fall of the American Empire The Decline and Fall of the American Empire. Turkey is a beautiful country with a rich history including Greek, Roman and Muslim influences that make it one of the most fascinating. Bush during the let’s call it for what it really was “a global collapse” if the TBTF banks were not bailed out the contagion would have gone global, the world’s economy would have come to a halt and the US would be under Martial Law with military tanks roaming. Here are nine events that could trigger a black swan event that would result in a US dollar collapse. Visit our archives for more gold & silver articles. And even if the United States had to renegotiate or default on some debt obligations, there is little evidence that the world would let the dollar collapse and risk possible contagion. If you’re considering a fixed-rate mortgage, use the calculator below to see the total principal and interest you’ll owe each month, depending on the mortgage amount, annual interest rate and length of time over which you’ll repay the loan (the "term"). or for every dollar of new debt there. The total mortgage debt alone in the U. That means making loans in a currency that will be worth something in the future. Once a debt is charged-off by a bank, they sell it to a collection agency, usually for pennies on the dollar. I put all tax refunds and bonuses toward paying down my debt and paid off as much as I could each month. Ever since the establishment of the Bretton Woods System in 1944, the value of China’s currency, the yuan, has been connected or “pegged” to the value of the U. The collapse of Thomas Cook, which has left 600,000 passengers stranded and tens of thousands of employees without a job, is an act of “economic vandalism,” according to Britain's Unite union. No fiat currency has ever survived just as no dominant sovereign state has, in the end, ever repaid their national debt. It would also be accompanied by an increase in U. Now I am surely not suggesting that this will be the end of the US as a nation, but merely a period of restructuring. Amid a series of expected interest rate hikes in the eurozone and at the Bank of England, backed by actual economic growth, currency investors should pay attention in the coming year. dollar could become worthless if a severe recession spiraled out of control. The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem. It's not going to happen. Anything can happen in the short term, of course, but a dollar collapse is unlikely in this environment. If everyone swore off debt, the jig is up. My point is not that the dollar will not die. The hyperinflation from a collapse of the dollar would intensify these effects. Now the world is in the throws of the fall of the dollar and perhaps all FIAT currencies. America’s debt binge has put its economy at grave risk. Granted, some companies can’t survive w/o US so that would eliminate exports and domestic business, but that’s probably 2% or less. Turk and Mr. Financial Times: Executives and lenders struggled to cut debt pile but trust broke down. Such a tendency may have disastrous consequences for the US economy. consumers are more than 13 trillion dollars in debt. And that reliance led to greater crises. In other words, if a true economic collapse happened, your retirement savings would likely completely vanish and, if they didn't, they would be drastically devalued in the short term. Now that should help their exporters, but in the current moment it can make the debt crisis worse. People are not stupid. Perhaps it’s the kick up the behind investors need to prevent them sleepwalking into a crisis… Perpetual debt. Our dollar has not been worth 100 cents since 1933, when we were taken off of the Gold Standard. Most of you know that preparing for an economic collapse is one of my top priorities. A few days ago I posted an article on why the dollar hasn’t collapsed. The dollar collapse: Not whether, but when Exclusive: Lord Monckton explains what'll happen when the crunch finally comes According to my calculations, federal debt has risen not by zero but. Try to save and pay down debt. What Will Happen To You When The Dollar Collapses? Historically, when a nation's debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse Jeff Thomas | International Man - April 26, 2015 Comments. At the moment, the lenders are China, Japan, and the OPEC countries. it will continue to fall for a while and will rebound with foreign investment. The United States Debt Meltdown, And The Coming Dollar Collapse by Ken Jorgustin – Modern Survival Blog The United States government and the Federal Reserve must keep interest rates near zero – because if they don’t, there will be great difficulty in paying the interest on the debt they’ve accumulated, which could bring it all (the. We are stuck in our normalcy bias and cannot imagine or comprehend that the dollar could possibly collapse. This could well start the economic cascade some analysts have predicted and make gold much more valuable in U. As this happens, the pool of buyers begins to dry up, especially from overseas. dollar is lower today than it was in 2009 when the recession ended. The elimination of the Gold Standard to allow the CIA to become the biggest Drug Cartel in the world — through Murder, Wars, blackmail and outright theft — destroyed whatever credibility both the US Dollar and the US Government had. He used the term ‘Olduvai’ to make reference to the Olduvai Gorge in. It may take until 2020 or 2021 for this to manifest, as the dollar is so well-imbedded in the world economy. collapse of the international monetary system because, if confidence in the dollar is lost, no other currency stands ready to take its place as the world’s reserve currency. The dollar, of course, is nowhere near the circumstances faced by the German mark at that time. " LINK I don't know what a collapsed dollar means to America, or the world for the matter. The US market has been falling for five years now. But what will happen this time that didn't happen before is that this time the US dollar will increasingly lose value as will all debt-based paper currencies issued by central banks. There is zero prospect that the Turkish central bank will achieve its five per cent inflation target in 2015 and this means yields on the 10-year lira bonds will remain well above 10 per cent. What he’s saying is that on average, house prices are about 4% lower than they’d otherwise be. What will happen in 2017? For Economic, Gold, Silver Prices, US & World Economy, Debt, Dollar, Currencies & Stock Market Predictions on Collapse, Crisis and Crash by Top Economists and Investors - Please see my channel for more outlooks and forecasts!. I'll share some of his views and discuss what could happen if such a crisis materialized. What follows is the most valuable thing that I could possibly share with you. Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up. Hypothetically speaking, (not getting into a debate as to whether or not this will happen). First, you should be more specific. In our debt based monetary system, either total debt must grow or the entire system collapses. If they do, the dollar might finally face real competition as the. Posts about dollar collapse written by Judith. A dollar collapse is far from certain. Debtors cannot carry an infinite burden. As the historic levels of national debt continue to grow, any loss in value of or demand for dollars will make financing that debt more difficult, much less increasing it. It may take until 2020 or 2021 for this to manifest, as the dollar is so well-imbedded in the world economy. Economic Collapse 101: How Much Gold and Silver Should People Own? By Len Penzo Ever since I started writing about the importance of owning physical gold and silver as insurance against the inevitable failure of the US dollar, I've been receiving an increasing volume of questions in my inbox from folks curious to know more about precious metals. Peter Schiff’s comments on the economy, stock markets, politics and gold. 85 Trillion Dollar Household Debt – Stock Market Crash 2018 By Epic Economist on April 5, 2018 in News The following video is brought to you courtesy of the Epic Economist YouTube Channel. government must respond to this fiscal crisis by printing money. If the long bond rate is zero then the net present value of all debt (which is effectively perpetual) is infinite. In fact we are the most thoroughly free market newsletter there is as all editors, writers and analysts for TDV are libertarian purists (anarcho-capitalists. Robert Kiyosaki has a good counter-argument on why he thinks it will. “The pyramid game is coming to an end,” writes Dotcom. But if you think of all that's happened in that time, the euro currency had come in, China has gotten stronger, etc. 7 trillion, according to the Bank for International Settlements' last Quarterly Review, cited by Krishen Rangasamy, Senior Economist at the National Bank of Canada, Economic Analysis. The country is $19 trillion dollars in debt and is ruthlessly spending and printing its own way to financial oblivion. My mom yelled at him, "He didn't give it to you!" My dad had lent $2000 to S. However, the conditions that led to the mark's collapse are beginning to resonate with a familiarity that should serve as an early warning. This past July, the Institute of International Finance warned that global debt jumped the most in more than two years. Imagine you had a mortgage with $100,000 left on it, and your income was $50,000 a year. “Everybody is loaded up with debt, and it's not like we began this monetary experiment without much debt. As the debt collapse unfolds, we’re going to see the freezing of banking transactions, government payments and food stamp debit cards. In our debt based monetary system, either total debt must grow or the entire system collapses. Facebook; I've put together my 21 most powerful Forex strategies. Why Fear of a US Dollar Collapse is Rising. It's unlikely that the U. As I said in my response to him, "After the stock market crash in 2008, everyone started claiming an economic collapse was about to happen, but what they didn't realize is that it DID happen… in 2008. And that reliance led to greater crises. Ever since the establishment of the Bretton Woods System in 1944, the value of China’s currency, the yuan, has been connected or “pegged” to the value of the U. The collapse of an economy has no legal bearing on your obligation to the bank. So while we expect the dollar to sell-off if the U. ) How the Chapter 7 Discharge Works. When you consider the circumstances that can either cause or prevent a dollar collapse it is absolutely clear that it is completely beyond our control at the individual level. But there was a stretch of months when everything he touched turned into a deal. Well, here’s my $30,000 student loan mistake: 8 years ago on a cold rainy morning in May, my family proudly watched me march across the stage and shake hands with my University’s president. "Debt bubbles ultimately end, It is not only something that has happened before, it is also the kind of crisis that tends. Once its less stable brother, the euro, collapses, the dollar will be exposed. With these things in mind, let’s look at how you can keep your money safe in case of total SHTF situations and economic collapse. Concord’s founders believed, like the Minutemen at Concord, that we have a moral obligation to leave the country better off for our children and grandchildren. A collapse would be the financial equivalent of magnitude 10 earthquake on the Richter scale followed by an equally large tsunami. Facebook; I've put together my 21 most powerful Forex strategies. HIstory dictates 100% failure in a monetary system that does this. Why the Dollar Could Strengthen Even More. For some observers it came as no surprise in 2019 when the US economy suffered a collapse that was much, much worse than what had happened after 9/11; even worse than the Great Financial Crisis (GFC) that began in 2007/8. Let’s hear from the Jackass… the Golden Jackass… Dr. America is in the advanced stages of a moral and cultural rot. It is the fate of all fiat currency. Dollar I’ll be the first to admit that I’m no financial genius. they wont remove the account off once its paid. However, I am not willing to operate on the ASSUMPTION (and it is an assumption) that it will take years before we see such a crisis. Take the federal debt limit, that relic of a time when lawmakers were actually embarrassed about piling debt onto our kids. So much so, that it is now as lopsided as it was in the Roaring 20s. The US and World economy is being sabotaged by the global elite , the corporate and political leaders who work together to gain power and wealth, and they are purposely destroying the value of the US Dollar and when the collapse comes, the dollar will be worthless, and they will institute a new world currency and then a cashless microchip system of buying and selling. corporate bonds. Trump's desire to manipulate the dollar lower to boost exports would take the world down a very slippery slope. The US market has been falling for five years now. At the moment, the lenders are China, Japan, and the OPEC countries. Social Security's Coming Crash: The Certain End of Entitlement "The only thing theUnited States is able to do a little after 2040 is pay intereston massive and growing federal debt. Now there are reports giving a certain time period when the U. What would happen in a USD collapse? * The US and Western economies will all face insolvency simultaneously, with the US first in line. Keywords "Acknowledgement of service, Admission form, CCJ, County court judgement, Court, Court forms, Debt, Defence form, Owing money, Small claim". Dollar Collapse: 3 Reasons Why It Will Happen By Michael Lombardi, MBA Published : July 22, 2016 Below you will find my three reasons why I believe a U. Don’t look forward to escaping from credit card debt if you fear an economic collapse approaching. But foreigners and most investors didn’t expect the Federal Funds Rate would go up 425% in two years! So, if you are China, and you have a $1 trillion U. I tend to see my time with him — the first part of it, anyway, before things started going bad in a hurry — as his “King Midas” period. With AIG and other of the world’s largest financial firms facing collapse, the US government stepped in, and bailed them out, paying off their debts, assuming their liabilities, and placing a burden of debt on the American people that likely won’t be paid off through the lifetimes of our grandchildren. (NaturalNews) A collection of nearly one dozen of the world's top economists and other geopolitical observers believe that the world is close to financial collapse, because so much of what passes for "the global economy" is built on false or otherwise conjured pretenses. Thinking you should pay off your mortgage before the New World Order makes the dollar collapse? Bankrate's real estate adviser separates facts from fearmongering. Debtors cannot carry an infinite burden. Debt increased $8 trillion just in Q1 of 2018 to reach a mind-boggling figure. they said it will be reported as charge offp dont know if i should still pay it or not. ” Before the case could go further, Golde spoke to the creditor. And don't forget: the bigger the U. I moved to Mexico in 1979, with the idea of supporting myself teaching English as a second language (ESL). Now that I have raised the bar to the moon, let’s get this show going. Turkey is a beautiful country with a rich history including Greek, Roman and Muslim influences that make it one of the most fascinating. Option one is to default on all debt, essentially declaring bankruptcy to renegotiate all obligations. Following is my story of what actually happened before, during and after an economic collapse, how I survived it, and lessons I learned from it. How To Profit From The Coming Dollar Collapse. Believe me, I am not talking hogwash about debt forgiveness. To have an understanding of what happens to personal debt once a currency collapses, we need to study and learn from history, and/or learn from those who have experienced a currency crisis personally first hand. What’s happened to teachers is a microcosm for what may face many more graduates and also illustrates the limits of institutions themselves to respond. So there we have it, in our “creditopia” world, if debt does not expand,. Treasury went bankrupt. A glitch in the sanctity of U. This also means that another 3-day weekend is upon us and you know what that means. Regardless of their intentions, though, more debt only worsens the situation, creating higher borrowing costs in the long run, and even more debt. Invest in International Stock Markets. Should I convert my dollars to pesos? By: the US economy happens to be in a much worse position than the Philippines, thus explains the stronger peso. Foreign Policy; The Decline and Fall of the American Empire The Decline and Fall of the American Empire. I moved to Mexico in 1979, with the idea of supporting myself teaching English as a second language (ESL). The National government didn’t have to sell AMI. Massive debt failures will happen and credit will become increasingly scarce. If you have suggestions or feedback then please leave it in the comment section below. However, I am not willing to operate on the ASSUMPTION (and it is an assumption) that it will take years before we see such a crisis. My point is that that shouldn't be something you lose sleep over. “The dollar can be used for regime change by creating hyperinflation, bank runs and domestic dissent in countries targeted by the U. Why the Dollar Could Strengthen Even More. What will happen in 2017? For Economic, Gold, Silver Prices, US & World Economy, Debt, Dollar, Currencies & Stock Market Predictions on Collapse, Crisis and Crash by Top Economists and Investors – Please see my channel for more outlooks and forecasts!. Investors would rush to other currencies, such as the euro, or other assets, such as gold and commodities. WARNING!!! The banks will collapse very soon. I would max out my credit cards with cash advances and try to grab as many real assets as I possibly could, this way, when the dollar does collapse, I could sell a very small portion of those assets to pay for that HUGE debt I just ran up. We are stuck in our normalcy bias and cannot imagine or comprehend that the dollar could possibly collapse. Total outstanding auto debt now stands at $905 billion. “Everybody is loaded up with debt, and it's not like we began this monetary experiment without much debt. It is a mathematical inevitability. Why would a bank want your home when thousands of others are in. However, the conditions that led to the mark’s collapse are beginning to resonate with a familiarity that should serve as an early warning. In the first half of the show, media strategist Mathew Gross talked about the rise of apocalyptic thinking in America, and how it has become part of mainstream cultural dialogue. Paying interest on a credit card loan can be frustrating and expensive. By: Jeff_Clark Jeff Clark, BIG GOLD writes: Have you considered what will happen. To sum up, those areas that have lived highest on the hog in the dollar paradigm will most likely be the worst places to live when the dollar collapses. To sum up,those areas that have lived highest on the hog in the dollar paradigm will most likely be the worst places to live when the dollar collapses. Believe me, I am not talking hogwash about debt forgiveness. The financial panic following an Italian default will quickly spread to the US. What are your thoughts of the united states defaulting or collapsing falling apart? what are your views on this please send me them with reviews because im curious. Another risk which will materialize at some point is the change in polarity of the North and South Poles. As capital fled and foreign credit become unavailable, the German government was forced to respond with exchange controls. Do you want to see some staggering facts on debt?. What happens to my money in my bank account when the dollar collapses? Does it become useless? Hypothetically if I predicted the dollar collapse before the month it actually happens, should I stock up on supplies?. The impact will be exacerbated if in such a situation US begin to print more money to finance that debt (since they can’t find buyer). The US dollar will eventually collapse. 4% as of 2017. After oil prices plummeted and dollar revenues from oil exports fell, the government began to struggle with debt payments. But I can tell you that there is no if or when; the collapse of the U. The lawsuit is not based on whether you can pay—it is based on whether you owe the specific debt amount to that particular plaintiff. Just recently the Hong Kong dollar hit the upper limit of its allowable range– exactly 7. If you are in arrears on your payments you can expect the internal collections department to call to see why you haven't brought the account up-to-date. Share this article If your mutual fund fails, what happens to your money? which was then followed by a complete collapse of the investment house or a near-collapse in. What do you call it when a factory or house burns down? cbarton asks if this is the typical collapse process. government, which show the actual federal deficit at $4. The truth of the matter is that something will happen along these lines. For example, your home's mortgage payments wouldn't fall by half after a. Chances are that there will be a domino effect in the global economy that causes the next economic downturn. What an economic restructuring or collapse will look like in the US is anyone's guess. First, keep your investments diversified away from the dollar by making sure you hold foreign mutual stock and bond funds and some gold. German-Finnish Internet entrepreneur Kim Dotcom recently tweeted that he, along with many economists, predict that the US dollar will eventually collapse under the heavy national debt burden. The Collapse of The United States As We Know It where I post the evidence that this will happen very soon. As soon as that happens then there will be a new place for investors to put their money. Five main disasters would happen to our country if the U. is in fact “broke” as we spoke of at the beginning. And the Hong Kong Monetary Authority has had to spend billions of dollars to defend the peg. Bush during the let’s call it for what it really was “a global collapse” if the TBTF banks were not bailed out the contagion would have gone global, the world’s economy would have come to a halt and the US would be under Martial Law with military tanks roaming. What Will Happen To You When The Dollar Collapses? Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse Jeff Thomas | International Man - April 26, 2015 Comments. If you believe that you would be at risk to becoming homeless, you might want to consider mitigating that risk somehow. Video: What Could Happen in the First 12 Hours of a US Dollar Collapse This is the scenario nobody thinks is possible but really, at the end of the day, it's not like the U. A credit card lender can’t take back the school clothes or pet supplies charged with the card if the borrower fails to make the monthly payment. Negotiate: I negotiated my salaries TO PAY OFF STUDENT LOANS FASTER. And don't forget: the bigger the U.