Brutal Capitalism and the USD
in World ·
Joshua Patel6 said:Suppose we were to witness a total collapse of the USD... what on earth would happen to all those consumer loans people have taken out in dollars?
They’d just be converted into some other stable currency—maybe the USD again, or maybe something like the Swiss franc—except if they switch to a different local currency, interest rates would absolutely skyrocket. And honestly? Nobody is going to ask for your permission.😍
Forget that whole 80s scenario where the dinar tanked against the Deutsche Mark and everyone's debt basically evaporated overnight.😁 This time around, you’re stuck paying exactly what you signed for.