What Happens to YOUR Debt After a Monetary Reset?

In this video, we discuss the effects that a monetary reset has on debt loads. Monetary resets can come in the form of hyperinflation, currency collapse, new money replacing old money, or global financial power shifts. In any of these cases, we discuss the real and nominal impact on all forms of debt for individuals.

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#debt #inflation #reset

I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

[w.s.]

Here’s what sell your freedom in exchange for your don’t sell out

[clintpot]

Perhaps the question 'what happens to my assets?' is more important than what happens to my debt.

[SeattleSteelLLC]

My grandparents lived through financial reset in Ukraine. People saved up for decades only to buy a pair of shoes when the reset happened.

[elenataylor]

I've lived through several currency resets in USSR and Russia. Every time it was a surprise and we just would wake up and our money would worth nothing.Banks would exchange some of your cash, but very little. Ppl loose and never win in this situations.

[mikeroberts]

To understand their plan, the re-set adverts say it all, "you will own nothing, but you will be happy". Basically, you will hand over everything you own, and your liberties, and they will let you live within parameters defined by them.

[getpaid]

I have 0 debt. I own everything that is mine. The way I look at it is if you owe for home, car you dont own them. The bank does. I don't count on government for anything and I am doing just fine during covid. Nothing has changed.

[thesilentmajority]

George Orwell was right, He just got the year wrong.

[josephedlin]

On the topic of student debt, last night I was speaking to a police officer at some afters and she said she did a degree in history, she admitted it was completely inapplicable to her job, but she had to have a degree to be a police officer, vs her dad who just finished high school. The value of degrees these days are just self fulfilling and completely worthless in terms of value added to industry - I’m obviously not talking about doctors etc, but we don’t need a generation with “social studies” degrees working in McDonald’s.

[mitchellphillips]

Good luck! We got an ammo shortage for a reason! America is the pinnacle of freedom and if we have to prove it again we will! The answer to 1984 is 1776.

[DeeJJ]

Nothing is free, you will have to give something up to have your debt wiped out..

[jeremyreinhold]

Buy hard assets. Theyll revalue when the society resets and youll have the money to pay down all your debt.

[marcs]

The short answer is, it doesn't matter what happens to your debt, you're not going to have the means to pay it. You can't squeeze water from a rock.

[jessecortez]

From what some others have said, as it pertains to the likely Central Bank Digital Currency with a UBI coming, they would promise to wipe much of your debts as long as you use the CBDC which would become a sort of trap. The young college grad with a worthless degree that can't even make the payments on the loan would be happy to use the CBDC/UBI if it meant they didn't have that burden hanging over their head for year to come. They wouldn't think of any drawbacks or "read the fine print" as they didn't do that when they took on the debt. Or perhaps the young family trying to put down roots to grow their family would have their home loan wiped but they didn't think that they essentially passed off ownership to the CB. There are "advertisements" put out from the IMF and other global institutions that imply they want the end of private property. The long term result could be having your debts wiped but you could have a cap on on the potential money you have as it is issued by a central entity and you really own nothing.

[aurore]

I feel uncomfortable with the '' reset '' situation...

[Soupy]

5:30 minutes of the video: I was one of those people that should have never gone to University. Paid back a $63, 000 student loan. I should have just worked and invested. I wasted my 20's in school and my 30's paying off student loan debt. I missed out on getting married and having a family because of it.

[angelqperez]

I forgot to mention... The stock market will also go away with the reset.!

[miked]

We all know that if Congress wants to 'fix' the student debt problem, the only way to do that is to cancel the PROGRAM, not the debt.

[neildorrity]

Just give me JESUS & ONLY JESUS, He's our only Hope, be not of this world but having a renewal of your mind. Stay Vigilant and keep looking up

[jriffguitar]

And where does the federal government get their money exactly? So taxpayers are bailing out student loans huh?

[nancydunn]

You explain so well; enjoy watching your videos!