My question relates to the money system – What happens if it all collapses do we have to keep paying the mortgage if some Banks go bankrupt?
Is that a real possibilty? Will Interest Rates keep coming down now that UK, US, Japan are all quite low.
How can we stay immune from the rest of the wolrd banking system?
Listen from 2:20 seconds
http://www.youtube.com/watch?v=INAGMSARPYw&feature=channel_page
Yes worldwide bank collapse is very possible, Look at Iceland, There whole country has collapsed.
Why do you think I always tell people to not have very much paper money ?
Thanks for that I will check it out tonight. Though what happens to our mortgages are they just written off?
I don't think the banks will forget peoples debts, lol
Only in a Mad Max scenario
Stash your cash under the pillow…
My pillow is falling apart…. all the money will fall out!
If a lender collapses then the loan will be sold off and someone else will just take over.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
I think he is talking about multiple bank failure or total failure of our current decimal banking system all together
Why did you have to ask this question? You have opened the doors……
I'll add another question. What if there is a nuclear war and in 150 years time, everyone will have a third eye….
Sorry.
heheheh then we will able to see alot clearer with our third eye the mistakes of the past. Which hopefully won't be repeated, come on third eye!
You must be logged in to reply to this topic. If you don't have an account, you can register here.
