What Happens to Your Debt when the Dollar Dies

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Timecodes
0:00 Introduction
1:18 Types of Debt
1:43 Credit Card Debt
6:20 Auto Loans
8:11 Increase in Wages
12:20 Fixed Rate Debt
16:52 What Happens if the Currency Fails?

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#Debt #USDollar #CreditDebt
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We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680, 000 savings vanish after putting in so much effort to accumulate them.

tatianastarcic
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The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

Hannahbenowitz
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If the dollar dies, we are all going to have a lot more important things to worry about than what happens to our debt. The societal collapse/chaos will be much more pressing.

dougsholly
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At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

Adukwulukman
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My first job paid $1.96 and I remember getting a raise to $2.13. Gas was around $0.40 and cigarettes were about the same. My grandfather owned a filling station, full service. They would wash your windshield, check your tires, oil and fluids, all for filling up your tank for about $5. Those were the days! 😊

kennycarneal
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NO TO DIGITAL CURRENCY. WE DO NOT WANT A CASHLESS SOCIETY

wallypaige
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Great video, I've been interested in investing ever since I came across articles of people making up to $150, 000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?

Sheil-hard
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Don't fret, the debt ceiling always goes up. I wonder if 2008 crisis survivors had it easier. I'm concerned about the stock market, I've lost $35, 000 this month, and my income is down. Worried I won't save enough for retirement as I can't add to my savings.

BateserJoanne
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If dollar would die, do not expect your debt to die with it, you can be 100% sure there will be political decisions what happens with your debt. You can be pretty sure not all people and all debt is treated in the same way.

captainhappy
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Taking on debt to invest in income-generating assets, such as stocks, real estate properties, or businesses, can produce returns that exceed the cost of the debt. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.

talented
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Not going to lie, but we are actually really proud to have an employee like you as part of the team. The job is done so gracefully and neatly. Very well done, dear MYSTICFLIP . First of all. Thank you for making the work environment so friendly and taking your responsibility seriously and completing the work gracefully! You deserve so much.

holypubg
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Talked my daughter in law into refinancing her car last week. Saved her 5 grand. Meanwhile, I am raising chickens. Today someone knocked on my door, begging me to sell some. I'll have those mortgage payments covered soon! 😅

theresaowen
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I tried explaining this this last weekend about hyperinflation and the dollar. They all laughed and said there is no way.

semperfi-
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Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I began investing in stocks and Defi earlier this year and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you’re quite late to the party, the idea is to get in early on blue chips before it becomes public. There are lots of life changing opportunities in the market, maximize it

Randymanfred
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Thank you so much MYSTICFLIP for my SBA approval. I understand the terms and conditions of the loan disbursal and will make sure that I return the loan amount in the stipulated timeline. As I have already taken insurance for my new Business that I am planning to open in California LA. My business details and owner details have been submitted in the bank and I will be submitting the further details as well as and when the times comes.

Emin
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I paid something like $3000 for my first new car in 1973. It was a Duster, at a typical middle of the road price. At the time I was a beginning teacher, making $7000 a year. I was in debt $2000 for my college education. A big paper bag of groceries could be bought for $10. Rents for a typical one-bedroom apartment ran about $100, give or take. Don't remember the gas price so it probably hadn't gone up much, although we did wait in lines during the Arab oil embargo. It would be almost ten years later before gas prices would break $1.00. Utility costs were similarly low. All of this shows what happens to money when it is controlled by a criminal cabal of banksters masquerading as a branch of the government, ie the Fed. Where did the value of our money go? Into their pockets and so the 1% that owns almost everything was created along with the 99% that owns almost nothing. If you want to see the real ripoff, google up newspapers from 1913 and have a look at prices on ads for everything from restaurant fare to groceries to clothing to gadgets. We were harvested by the "elite" parasites.

margaretlouise
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So, because loans are risky and are in danger of not being paid back, the banks raise the unregulated interest rates on debtors increasing the risk they won't get paid back to protect them from not getting paid back by the debtor. Makes sense to ME!

jaynawilliams
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I would definitely point out that if credit card companies push interest rates up to 30%+, they will find most people will just stop paying on their cards and seek debt settlement or bankruptcy instead, and rightly so. Once it becomes clear that the companies will never let you pay the balance off, the people will stop trying

barnabusdoyle
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Thanks MYSTICFLIP! You put our nonprofit organization in a whole new ballgame. We've been struggling to get capital and you came through getting us a grants. Our organization have extremely excel by now thanks for getting us funded.

patrickvp
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This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the MYSTICFLIP on the internet movement when I say ancestral your a gift to our people

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