Category Archives: Economics

What happens to your debt when if the economy collapses?

Colin asked: Let’s say I owe (to US based companies) $1,000 to one bank, $100,000 to another, and $5,000 to a credit card company. (I don’t actually owe this money.) If the US economy were to collapse, what would happen to this debt, or what would happen in a situation like this?
What is [...]

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Would this strategy work to help clear some debt and reduce inflation?

don asked: Just sell our stash of gold we have in Fort Knox…I am sure it is a lot. I guess it was estimated at 137 Billion during the Eisenhower era…
But anyways I assume we have bought and have more stored than that now. What if we were to sell it to China to [...]

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