Post Economic Collapse

D

DJM

Padawan Learner
If anyone has been watching how insane the global markets have been of late, it's becoming quite obvious there is manipulation going on. I believe it's only a matter of time before the whole house of cards comes crashing down. But that's not really what I'm concerned about. I know of nowhere else to get a straight, intelligent answer than SOTT.

Question #1: What happens to personal debt if the currency used collapses and is replaced by another? (I believe personal debt will become null and void since contractual debt cannot be repaid.)

Question #2: What happened to personal debt when the European countries switched to the Euro? Was your old debt switched over too, under a new rate?

Blessings,

Michael

(edit: decided to stick to the 2 questions)
 
Hi Michael. I can't really answer your two primary questions but have had thoughts along these lines and it sure seems apparent that the goal of the PTB is to take away from the 'normals' and give to the psychos, all 6 or so percent of them.

As far as stopping your tax paying, or even all of us doing it would not change a thing. I've been reading a lot lately about the actions of the Secret Team in relation to drugs alone and the numbers(profits) are just amazing. Have a good look at the Mena Airport to give you a rough idea. And with Afganistan and Pakistan(heroin) in their grasp, the power in the form of money can't really be changed much by a refusal to pay our taxes etc. Imo.

Now a worldwide 'sit-down' just might shake things up......but there might be a version of that heading our way in a slightly modified form anyway.

How green is your thumb(gardening)? And how much are where you live and those around you working together as a community, however small?

The 'Creating a New World' thread highlights this aspect/necessity.
 
Question #1: What happens to personal debt if the currency used collapses and is replaced by another? (I believe personal debt will become null and void since contractual debt cannot be repaid.)

Question #2: What happened to personal debt when the European countries switched to the Euro? Was your old debt switched over too, under a new rate?
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Hi Michael,

I have read about variants of the idea that since the dollar is going to be dead and all the debt will be void, let's take advantage of that by ignoring the debt or even taking on more debt. It seems to be what you had in mind when you asked the questions. IMO, it is a type of dangerous thinking that can come back to bite us. We don't know the future. We don't know if there will be a currency collapse, hyperinflation or deflation, or deflation before hyperinflation, etc. So by ignoring personal debt, or taking on more debt, one is putting him/herself in a corner if things don't happen as predicted.

We should also keep in mind that the entire economic structure is a game in which the PTB gets to make the rules and change them ANY time. And they WILL change the rules when it suits them. The only thing that we can do in such rigged system is to be in as flexible a position as possible. Again, that does not mean ignoring or taking on more personal debt.
 
I have read about variants of the idea that since the dollar is going to be dead and all the debt will be void, let's take advantage of that by ignoring the debt or even taking on more debt. It seems to be what you had in mind when you asked the questions. IMO, it is a type of dangerous thinking that can come back to bite us. We don't know the future. We don't know if there will be a currency collapse, hyperinflation or deflation, or deflation before hyperinflation, etc. So by ignoring personal debt, or taking on more debt, one is putting him/herself in a corner if things don't happen as predicted.
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That's not at all what I have in mind. I'm wondering what will happen to my mortgage since my house is worth half of what it was when I purchased it. Since debt is what started this fiasco, it seems unlikely that it will be carried over into the next. Otherwise, they may as well just start hacking off zeros. Basically, nothing will change. I'm curious about what took place when Europe switched over to the Euro.
 
Ok, apologies about guessing you and sorry about what happened to your house. What happened when the euro was introduced was that all participating currencies of Europe were locked in fixed rates to each other and became sub-divisions of the euro. And all the debts were just converted to the euro according to the fixed rates.

I don't know what will happen if/when the current currency structure collapses. But as I said above about the PTB getting to make and change the rules, anything that will happen will probably not be advantageous to the average people.
 
Michael said:
I have read about variants of the idea that since the dollar is going to be dead and all the debt will be void, let's take advantage of that by ignoring the debt or even taking on more debt. It seems to be what you had in mind when you asked the questions. IMO, it is a type of dangerous thinking that can come back to bite us. We don't know the future. We don't know if there will be a currency collapse, hyperinflation or deflation, or deflation before hyperinflation, etc. So by ignoring personal debt, or taking on more debt, one is putting him/herself in a corner if things don't happen as predicted.
Click to expand...

That's not at all what I have in mind. I'm wondering what will happen to my mortgage since my house is worth half of what it was when I purchased it. Since debt is what started this fiasco, it seems unlikely that it will be carried over into the next. Otherwise, they may as well just start hacking off zeros. Basically, nothing will change. I'm curious about what took place when Europe switched over to the Euro.
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As we know, Game is always Rigged. Animal rights protester gets 30 years jail for protesting, Ocean polluters like BP gets away with Govt. escort. They will change the rules the way they want. Better not to give excuse for any thing. I too have same doubt. what will happen to our debt. It is still our debt. In some countries , gold selling price widely varies from gold buying price, it is still the same gold.
 
The main thing the PTB will use this economic collapse for is to gain more power and control over the people. I believe that the debt will not be voided, because this is one of the main ways that the PTB control us, so it may be converted over to the new currency or they may void it but with new laws taking more of are rights away. I also believe that preparing for this collapse is important, working with your neighbors to pull resources together, investing your money into metals and food, and also learning new skills that will be needed in the post collapse. But the futures is always open.
 
I've been watching this manipulation now for some time and my intuition has been telling me to pull the money I have from the banks now before it gets too much worse and advising friends and relatives to do the same. Not all of it but the large majority of it. I have heard of stories where a man went to the bank to pull out a larger sum of money, about $20000, and his bank gave him a VERY hard time about it, the manager tried to talk him out of it 2 or 3 times, and then when they did give him the money they gave it to him in 20's and 10's and loudly announced here's your $20,000 after handing him a sack full of money to increase the likelihood he'd be robbed!!!!

Now although I realize this is a movie, many illuminati plans have been spelled out in movies. I have visions of this happening:

http://www.youtube.com/watch?v=m1aQ-XGWors&feature=related

I apologize if this sounds like really absorbed STS thinking but as someone who is unemployed and has been for over a year, just on the verge of bankruptcy, and does not have a lot to begin with, I would hate to lose the last little bit I do have.

As I said this has been coming through very loud and clear through my intuition and it has a very good track record! Thoughts anyone?
 
Hi Michael,

There is some information in this topic here about devaluations and currency. Also, use the Search function and do a search for "economic collapse". You will find a few topics discussing it. :)
 
truthseeker said:
I've been watching this manipulation now for some time and my intuition has been telling me to pull the money I have from the banks now before it gets too much worse and advising friends and relatives to do the same. Not all of it but the large majority of it. I have heard of stories where a man went to the bank to pull out a larger sum of money, about $20000, and his bank gave him a VERY hard time about it, the manager tried to talk him out of it 2 or 3 times, and then when they did give him the money they gave it to him in 20's and 10's and loudly announced here's your $20,000 after handing him a sack full of money to increase the likelihood he'd be robbed!!!!

Now although I realize this is a movie, many illuminati plans have been spelled out in movies. I have visions of this happening:

http://www.youtube.com/watch?v=m1aQ-XGWors&feature=related

I apologize if this sounds like really absorbed STS thinking but as someone who is unemployed and has been for over a year, just on the verge of bankruptcy, and does not have a lot to begin with, I would hate to lose the last little bit I do have.

As I said this has been coming through very loud and clear through my intuition and it has a very good track record! Thoughts anyone?
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Hi truthseeker,

Interesting story and I also have heard something similar to your story. Were a women tries to pull large amounts of money and she is made fun of by the bank employees. The main reason why is because the banks do not have enough physical cash to cover everyone's balance's in cash. The same thing happened in the great depression when everyone made bank runs and the banks pretty much said "sorry we don't have your money" and they also made limits on how much you can withdraw. So I can see why your worried and that's a good thing, but I believe you should invest your money in other resources like gold and food, not all of it, but just so you dont leave all your money in one nest. Better to be safe then sorry.
 
but I believe you should invest your money in other resources like gold and food, not all of it, but just so you dont leave all your money in one nest. Better to be safe then sorry.
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Yes Infiniteness, interesting you should say that. Before my intuition was prompting me to pull my money, about 3-4 months ago, long before the oil spill I had an almost overwhelming and continual whispering "Buy seeds, buy/grow your own food, and start saving water. So that is what I actually had been considering doing with my money. I know this discussion started about gold but I have no desire to own gold as I do not feel it will be useful in the coming times, but again that's just IMHO. We each have our own feelings on that.

As far as bank runs, that is exactly what I'm talking about. I fear for many others who will go to the banks and be told that they can't have their life savings or only be 'allowed' a little bit of what should rightfully be theirs, and it might not be enough to support and feed their families.

However I also seem to remember reading something that the C's do not feel that we should be saving food. So that has left me a little confused and perplexed. Can anyone confirm that I interpreted their info correctly?
 
Alright, slightly embarrassed, my reply above says "I know this post started about gold" :-[ I was reading and had just closed another post about Gold. Open brain, insert foot. :rolleyes: My apologies for not paying better attention.
 
Thank you all for the responses. Your right, the PTB will just find another way to screw us all again. This time we need to find a way to take away their power by not falling for the same trap. But this is another topic ('Creating a New World').


Thank you again,

Michael
 
thought I would share this ...


"Several years back, a cycle watcher named Steve Puetz attempted to see if eclipses and market crashes were somehow related. He studied eight of the greatest crashes in financial history, from the Holland Tulip Mania of 1637 to the Nikkei of 1990. He found that market crashes tend to occur near full moons, and that the greatest number of crashes start after the first full moon after a solar eclipse, when that full moon is also a lunar eclipse. Puetz found that all eight crashes occurred six days before to three days after a full moon that occurred within six weeks of a solar eclipse. The odds of that being a coincidence, Puetz calculated, are less than 1 in 127,000."

"The NASA Eclipse web site says we have a total solar eclipse coming up on July 11th. And that means the next full moon after July 11th will come July 26th." Hat tip to Ure for above info at urbansurvival.com
 
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