What Happens to YOUR Debt After a Monetary Reset?

3 роки тому

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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КОМЕНТАРІ: 2 000

@w.s.2102 3 роки тому

Here’s what happens......you sell your freedom in exchange for your soul..... don’t sell out

@TruthSeeker2019 3 роки тому

Yuppp!

@servantoftheonetruelivingg1348 3 роки тому

ONE truth …’rules of civil procedure’ created by a private society called the BAR does NOT apply to we the people. These rules do not apply to we the people are ONLY used to block/obstruct justice against the people… and it is about to come to an end. 14d3c2ad-5365-45df-9bf4-5a728d4e0e65.filesusr.com/ugd/f56734_316dca37f35c46f2aca9eeb1d185c8fa.pdf THOSE WHO AIDED/ABETTED WILL ALSO BE PROSECUTED

@lynnedinsdale5009 3 роки тому

1st Jan global reset its a blockchain called the Phoenix logo 2 headed bird gold necklace showing currency, pope gave up his title vicar of Christ last month as a.c. is here rabbi are talking to him now Jerusalem cern opening pit this week see final days site captures on Alaska web cams or any sky watch sites nemesis system is here Gods wrath.

@lynnedinsdale5009 3 роки тому

@@servantoftheonetruelivingg1348 yellow fringe on USA flag all Admiralty Law we are lost at sea souls to the 13 ruling elite cabal families. Hence you go into dock in court. We are Law of the Land Common Law. Magna Carta.

@LittleOrla 3 роки тому

Perfect reminder. Thanks! ❤

@clintpot8521 3 роки тому

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

@gianisain8880 3 роки тому

I don't think your house is a asset.

@roser7441 3 роки тому

@Bagheera if you have a mortgage or car loan means they are not your asset until it all pay off. Means you have debt, if lose your job etc you got to give up all these “assets ” with whatever equity if your house have any,,,for the “reset” !! This is what they want

@clintpot8521 3 роки тому

@Big Robbie C ya. everybody is talking about the election being stolen. How about the entire country being stolen, which is much bigger than one election?

@clintpot8521 3 роки тому

@Bagheera ya. Interesting semantics used by the financial class, where debt is classified as an asset.

@schiffer9177 3 роки тому

In a socialist government world you own nothing. You will be given a universal basic income. They own everything.

@SeattleSteelLLC 3 роки тому

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

@BY-rl7sk 2 роки тому

So cash will be devalued to zero

@dany8822 2 роки тому

@@BY-rl7sk perhaps that's how they'll force all ppl who wish to/need to participate in life into digital currency tracked by banks/govt.

@utubedude2842 2 роки тому

Curious as to the living conditions after the reset? I mean like after a week (or year) of work, how much more or less could they buy of stuff than before the reset?

@Metal_Stacking 2 роки тому

If you have gold/silver you might just be ok.

@foreigncontaminant2015 Рік тому

Same in Romania. My parents recall a neighbor saying "I had enough saved to buy 4 cars. Now it's not enough to buy 4 tyres". I was a kid in the 90s but I learned. And when inflation started to pick up last year, I dumped ALL my savings into Swiss francs and precious metals.

@mikeroberts9133 3 роки тому

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.

@RevanFlashman 3 роки тому

I think, you need to capitalise 2 words of their ad.....You will own NOTHING, but you WILL be happy. Sounds like a threat now, doesn't it?

@mikeroberts9133 3 роки тому

RevanFlashman I see your point.

@mikepiccolo32 3 роки тому

@@RevanFlashman Good point

@ralphsalotto-ld5xe 3 роки тому

@@RevanFlashman Good thing you pointed that out, I was confused.

@mrleafbeef634 3 роки тому

The United Nations. One world gov. Bilderbergs. Private banks. Disarmament..

@elenataylor4611 3 роки тому

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.

@MrDonaldstepp 3 роки тому

How do you stay prepared?

@elenataylor4611 3 роки тому

@@MrDonaldstepp We have food, water and extra fuel,stored. Don't keep paper money,hard assets.

@kevinmask Рік тому

what happened to your debts (house mortgages or car loans during those resets?)?

@Mr.Hister Рік тому

Thats your money… what happens to debt

@kevinmask Рік тому

@@Mr.Hister - exactly... that's what I want to know. Clive Thomson explained it pretty well, but I'd like to hear it from another informed source - ukposts.info/have/v-deo/hGmSrZtrrodpsJ8.html

@getpaid200 3 роки тому

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.

@PhiTonics 3 роки тому

Yeah.. I used to think that too, but at the end of the day, if you don't pay property tax, they take your home. You wanna drive your car on the road, you need to pay the government for that, or they take it. So.. yes, and no. I hate the government.

@getpaid200 3 роки тому

@@PhiTonics I know. I guess I meant I only pay the government not the banks lol. I can't stand the government. They make everything worse

@barryoneill1703 3 роки тому

Way to go Jay, I'm selling my house asap, will buy a small flat, only way to go, no dept.

@getpaid200 3 роки тому

@@barryoneill1703 nice. I was thinking of selling value keeps going up on it right now. I'm not 100% sure though. Rent in my area for a 1 bedroom apartment is 1000 a month average. I was thinking if the housing market crashes then pick up a house for cheap. Kind of risky though. Especially if it doesn't

@barryoneill1703 3 роки тому

@@getpaid200 Always a good option, doing the same myself, Mortgage is a curse.

@thesilentmajority5539 3 роки тому

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

@markdemell3717 3 роки тому

YHWH our creator was right !Amein.

@tonyh1345 3 роки тому

@@markdemell3717 you know the true name of god. Respect

@dperry9406 3 роки тому

No Huxley got it correct Orwell copied

@joannaferrara5884 3 роки тому

@@markdemell3717 Amen

@willia3r Рік тому

Instead of 1984, add 40 years for 2024😐

@josephedlin2172 2 роки тому

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.

@user9675 Рік тому

Doctors are umm errr legal drug dealers

@TalkingGIJoe Рік тому

degrees are just to prove you have been indoctrinated...

@JoseJose-mg4qv Рік тому

MOST government employees are the bottom of the barrel of education anyways,look at EVERYONE that’s a government employee, see what they did BEFORE they signed up for a government job and ALL of them was working the lowest of paying jobs till the government hired them……

@richardjones7882 10 місяців тому

will the digital system asst. in paying property taxes on home owners. will people loose there homes over the reset?

@jaybartgis5148 8 місяців тому

Well to be fair. A female cop is about as useless as a walking radio

@nancydunn4657 3 роки тому

You explain so well; enjoy watching your videos!

@mitchellphillips2800 3 роки тому

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.

@markdemell3717 3 роки тому

The world won't stand a chance against an army of ANGELS ,wake up and pray for forgiveness pal,amein.

@halaheleu7013 3 роки тому

What is the question? They say the answer is God. Most think uncle Sam is God. Seems like pills are the answer a pill for every thrill and ill.

@JesusismyGOD 3 роки тому

They have lazers, robots and weaponized flying drones , UN, millions of foreign Commie troops, and Space Force. I am really sure they are scared of your guns....

@JesusismyGOD 3 роки тому

@@anonymousblade13 Thry took of Utah Salt Palace 6 months ago or thereof....

@SR-iy4gg 2 роки тому

Thank you for this video. This was a very clear explanation! Thanks so much!

@DeeJJ87 3 роки тому

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

@cmyt5736 3 роки тому

Liberties, we'll be giving up our liberties. I think I'd rather keep my debt.

@mikepiccolo32 3 роки тому

@RXSTAR 8m ready to give up my hemroids if thats what they want

@mikepiccolo32 3 роки тому

@@cmyt5736 do you like chicken vindaloo?

@mikepiccolo32 3 роки тому

Sofia Navarro hello sofia are you a fan of Aerosmith?

@markdemell3717 3 роки тому

@LLT Collection Luck has nothing to do with it wise guy ,YHWH will recompense ,get right with the creator ,smarty pants.Amein.

@jessecortez9449 3 роки тому

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.

@Templar357 3 роки тому

FACTS ☝️

@XRPJAY00 2 роки тому

Not if you buy xrp

@johnpettigrew83 Рік тому

In other words, A CBDC is a ration book. They had those in Europe after the war. One artificial egg a month for you.

@willia3r Рік тому

@@johnpettigrew83 _"CBDC = ration book."_ That is a great analogy.

@delype70 Рік тому

You answered better than this guy. Thanks

@neildorrity9507 3 роки тому

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

@lewisthomas2132 3 роки тому

Amen ❤️

@johneem 3 роки тому

I love cheeses !!

@Nicole-qc5dh 3 роки тому

🙏❤

@johnm5982 3 роки тому

read James chapter 5 in the bible.

@DJDAVEKHEN 3 роки тому

Jesus is coming back to RULE THE EARTH. Rev 5:10

@ahashmi91 3 роки тому

Happy I came across your channel, needed real advice for the future too many refuse to acknowledge

@marcs4091 3 роки тому

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.

@25Soupy 3 роки тому

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.

@mdotbeedot 3 роки тому

Damn, story of my life... preach brother

@GodmadeTrends 3 роки тому

So sad, don’t lose hope

@APR944 3 роки тому

💔🤬

@genxd977 3 роки тому

everything you said was because the monetery system was created to hold you down and be a slave mechanism to the system they created.

@BeautyInYOU583 3 роки тому

You still got time.

@alfred1535 3 роки тому

You are very smart man and eloquently described everything thank you

@derekeano Рік тому

I just subscribed to your channel today from your recent videos. Saw this video in my feed and didn’t think it was the same person at all. Congrats on the weight loss! And thanks for the good content!

@gmajors2237 3 роки тому

Excellent explanation. Nice job.

@jeremyreinhold3620 3 роки тому

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

@jamessteele1444 3 роки тому

Gold and silver???

@silverstake88 3 роки тому

@@jamessteele1444 Yes. Hard assets also can be anything of value such as a paid-for car, house, tools, clothing, really any useful physical thing.

@josembb1902 3 роки тому

The government can manipulate anything

@iamOAKland 3 роки тому

@@josembb1902 not if people stop buying bullshit paper trading GLD and SLV and ask for physical in your hand tangible assets. Can’t manipulate that!

@lynnedinsdale5009 3 роки тому

@@silverstake88 in UK if you wont vax they will seize all assets under mental health laws they changing.

@cristibrewer1140 3 роки тому

"College debt" many incurred was not just books and tuition.....these loans were used to pay for living expenses. Students used to work through school or summers to fund living expenses. They didn't rent the coolest places, buy nice cars or spend much on social activities. People also used to keep track of their debt and sometimes needed to save up to pay for things.

@DGimpeccablejaguar Рік тому

Friend just used his student debt to buy a car. The whole game is ridiculous

@LTC366 Рік тому

@@DGimpeccablejaguar He went minus on the balancesheet on a liability, that's hilarious 😂

@janicecrosby6649 Рік тому

Tuition, room and board at University of Washington for 4 years is $122,560.00. In 1973 these costs were about $1,200.00 a year, including books. A student could work in the Summer and pay for the school year. I should know.

@MartymcFly-zz2pg 4 місяці тому

This bullshit started in 1971..

@karensmith3227 11 місяців тому

Your shelves are awesome!!! Thank you for the information!

@debbiehendricks4588 3 роки тому

Oh! My Gosh! Sooo Happy I found you! You are an amazing AWESOME Teacher!!!

@aurore4227 3 роки тому

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

@andrewlucas7373 3 роки тому

@Cpt Obvious 💣🔪🔫🗡 to the ready

@befree4876 3 роки тому

We all do.

@msmissy143 3 роки тому

THAT'S RIGHT, BE AFRAID....BE VERY AFRAID! HOWEVER, JESUS IS CALLING AND YOU WILL FIND SAFETY IN HIM. AMEN? 😊

@Progress24.7 3 роки тому

The Planet is resetting around the same they are doing this ....coincidence?

@aurore4227 3 роки тому

@@Progress24.7 the planet is resetting?

@0nemoa 3 роки тому

I feel your sub count is going to be rising pretty fast. Keep it up! Great video.

@markdemell3717 3 роки тому

You are so lost .Wake up man ,seek YHWH and get it right man!

@monicagarcia4306 2 роки тому

Thanks for the information I have been trying to understand the plan.

@BatmanBoss 3 роки тому

Thanks Joe!

@sang3Eta 3 роки тому

1969-70 Hong Kong flu pandemic, 1971 Nixon ends the gold back dollar, 71-81 the bond market crashes peaking at 22%. Everything you need to buy gets expensive but houses were cheap though because mortgage rates high.

@tonycoz2309 3 роки тому

Helicopter Money propping up a sick economy. Creating an asset bubble. PE ratio's at historic highs, corporate debt at historic highs, GDP ratio's in negative territory. I suspect we will see all unravel in 2021. The current situation is unsustainable.

@linmal2242 3 роки тому

The CCP can't wait. Hang on, it is waiting, 'til its Navy, Military is big enuf to take Taiwan and then challenge the USN.!

@NateWaldron 3 роки тому

This is a knowledge bomb! Excellent video sir!

@angelqperez9739 3 роки тому

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

@jonathanengland6525 3 роки тому

Great perspective! I had to survive off my credit cards last year while getting laid off and graduating college. I’m trying to pay it off and move out to the country and home stead

@tburgher1 3 роки тому

When I went to college in the 80’s Federal backed guarantee loan was maxed out at 5% interest. Now my son’s debt for interest only is $20,000 higher than when he graduated nearly four years ago.

@emilebichelberger7590 2 роки тому

What a silly boy

@cyberft 2 роки тому

Why are people taking on debt without understanding the terms of that debt, and with a plan to pay it back?

@willia3r Рік тому

@@cyberft How would they know what the _"terms of debt"_ conceptually mean, if they was never taught financial literacy by their elders and/or by the school system?🤔

@christopher_thereal1 Рік тому

Great work sir!

@emt56399 3 роки тому

I was hopeful for the potential information.. 1/3 of the video covers why the govt subsidized student loans... can we get a clean video about specifically what happens to the debt.

@ducksfan9985 3 роки тому

Please look into the diff between NESARA & the great deep state doomsday reset

@carenkells9549 3 роки тому

The simple solution is get in to crypto and silver and you can walk away from any debt that binds you to the elite

@angelqperez9739 3 роки тому

intothelight.news/files/2020-11-27-nesara-notes.php#unique-entry-id-2127

@markdemell3717 3 роки тому

What happens to your soul is the important thing ,wake up and smell the evil my friend ,amein.

@SR-iy4gg 2 роки тому

I'm not sure what you mean. If you don't have student debt (I don't either), then skip that part. Apparently, you've watched the video already and thus know that he gave a very good, clear answer about what happens to our personal debt. I'm not sure why you want him to delete part of the video. If you want to share it and want people to skip the student loan part, then just tell them start it at a certain point and watch from there. Very simple!

@miked5106 Рік тому

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.

@akingsservent159 3 роки тому

What money coming in? The FED has said soon they will stop printing paper money, but now we have no control over it Digital gives them all control

@Lazydaisy646 3 роки тому

Recently the church I work at had all the bank accounts frozen because they were doing an audit of some kind, we had no warning that this was happening, end only found out because our monthly payments were dishonoured. We had to contact them to ask what we were to do. It was a huge palaver. It really frightened me how easy it was to have no access to your own finances.

@angelqperez9739 3 роки тому

intothelight.news/files/2020-11-27-nesara-notes.php#unique-entry-id-2127

@markdemell3717 3 роки тому

YHWH is in the drivers seat ,do not ever forget it !Amein.

@RyanMatta 2 роки тому

Great video Joe! Please keep them coming! Good vibes always buddy! SMASH THAT LIKE 👍

@xskalibur 3 роки тому

Very informative video.

@jriff79guitar 3 роки тому

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

@MissGodsChild1965 3 роки тому

And mortgages? Time to upgrade my home!🤦‍♀️

@davealthaus4816 3 роки тому

You have been paying for bailouts for years thrift banks , big banks 2008 . It will only be a problem when YOU have to pay !!

@Progress24.7 3 роки тому

Big corp. Like Amaz0n paid $0 this year. That law needs to be changed. Rich folks pay nothing. And the poor do? Dumbestt thing ever....on top of that the system is rigged due to the faact there is 21 trillion dollars unaccounted for

@angelqperez9739 3 роки тому

Trump took out the evil Fed and Irs already. Trust the plan. intothelight.news/files/2020-11-27-nesara-notes.php#unique-entry-id-2127

@Progress24.7 3 роки тому

@Leeroy Jenkins Not real? Tf you mean??? They take it out my paycheck every week fool

@diamondsproglerlivingforev9711 3 роки тому

shafted by the system - I'm not interested in money any more - why would I need money? Only for unfair taxes and utilities

@MikeHawk-zh3yl Рік тому

Good video, cleared up some questions. I had, thanks

@mr.b.2925 Рік тому

Great content. Thanks man.

@noahway13 Рік тому

It depends on how deep re-set is. If you KNOW there will be total reset, I'd go borrow all the money i could and buy hands on, physical commodities.

@BraveCounsel 3 роки тому

Your debt gets inflated away but you won’t be able to pay your utility bills. Look deeper in to the Zimbabwe example and you see it’s not as simple as your debt just getting inflated away. There is a massive amount of suffering, even if on paper you are getting paid more. Also anyone who works for the state and the middle class suffer worst as they are on fixed incomes which do not keep pace with inflation, causing them to become poorer every day.

@jesuissoldatamericain8771 3 роки тому

In Democrats states, people are suffering from something like this. Cost of living is extremely high with a lot of taxes. Eventhough salary standards are quite high, everything is also expensive and people have no enough money to pay their bills and buy their own house. In those Democrats states like New York or California, you can feel that your dollars are just toilet paper because their value is lost gradually day by day.

@jamessteele1444 3 роки тому

Silver, gold

@bengray4293 3 роки тому

He didn’t explain that at all well.

@JenX422 3 роки тому

Exactly.. people never get this. Do you really think your employer will give you a raise weekly when this happens? Now that we even have a labor surplus (biggest in history) wages will continue to fall. You will not be making any more wage income, yet your costs go up 50% a month. Within a month or two, most will be homeless. You'd need to b getting the corresponding 50% a month pay increase.. near going to happen. Literally under hyperinflation, prices go up by the hour.Your $5000 monthly bills become $7500 within a month on the same wage, then $9000 the next month.

@JenX422 3 роки тому

People aren't even getting raises on wages now that keep up with REAL inflation (food, shelter, healthcare, daycare, electric, transport) all the items our govt won't include in the index. Living costs increase much higher and faster than incomes every year. That is why now two people need to work two jobs each and just 30 years ago, one person could support 4 people.

@Arbutuscoveretreat 3 роки тому

Well explained!!!

@andy3045 3 роки тому

I thought i had comprehension issues but reading a lot of these comments has proved me wrong. The big winner AGAIN is real estate ( unless you own physical gold / silver OR better yet both ).

@vegacool1 3 роки тому

Mark of the beast= great reset? Anyone else?

@thetoad7367 3 роки тому

No.

@jeremycolwell1663 3 роки тому

Nope

@ronripplinger5235 3 роки тому

@@bobbydigital5236 Explain please? I’m curious.

@darcie7773 3 роки тому

@mechanismmalfunction3822 3 роки тому

@@bobbydigital5236 joe biden and Kamalas number to text for the election was 2020 divided by 666

@sunnydhabhai 3 роки тому

Buy salary is last thing to appreciate as it may take years.

@lucimarteixeira6780 3 роки тому

Thank you 👏👏👏

@randydalefranklin9673 3 роки тому

Great information

@BlockThrone 3 роки тому

Hyperinflation is a funny thing. It may wipe away your debt virtually over night, but it usually means anarchy everywhere else, so it's not much fun. Just look at all the countries where it happened. Can you imagine USA being like Zimbabve? Me neither. I still think deflation is a much more likely outcome here, just because that's always been the case before and I can't see it being any different this time. They may forgive student debt, but they will never wipe away your mortgage. It took war to end slavery and it would take nothing less to end debt slavery that we have today.

@JenX422 3 роки тому

Asset confiscation/Debt forgiveness program will be mandated with CONVID vaccine. Go to WEF website- already saying by 2030, no one will own anything. Not a home, not a retirement account, no savings, not even clothing. You will rent monthly even your dining utensils on a subscription program. It is in plain sight.. they are going to confiscate it all. Make everyone start at zero. UBI that has to be spent within the month or it vanishes. No one will have the ability to save as the money disappears if you don't use it. And all net worth wiped out by 2030.

@BlockThrone 3 роки тому

@@JenX422 that would result in absolute anarchy, no way they would ever even attempt to pull something like that off. Hell, they couldn't even ban alcohol successfully, let alone something like this.

@lynnedinsdale5009 3 роки тому

@@BlockThrone like no anarchy in UK they lining up at the slaughterhouse door, vax rollout 1st Dec. Yes will say build back better NWO signal all plan ok. Full China state. All 197 countries agreed it all.

@indianmilitary 8 місяців тому

nah. There will be capital trimming (50% reduction in salaries, social security, real estate values (which also means at least 50% reduction in mortgage owed), defense spending etc) after 2025 (de-dollarization). Communist digital currency will be enforced (to control how much one earns and spends) in the name of "social justice" and "climate change" to control hyperinflation. So, it will not be more printing of money to pay more salaries (disagree with the person in the video) because it can increase more inflation due to already existing debt (more than 100 trillion dollars printed out of thin air) fueled by loss of reserve currency status of the dollar. 2 USD = 1 CBDC is possible.

@InspireNewGeneration 3 роки тому

The question everyone wants to hear. Also, personally I like to know how long does it take monetary change to take place.

@planetmchanic6299 3 роки тому

Excellent synopsis.

@cheekj9 3 роки тому

Nicely explained.

@thisislivingbarry8107 Рік тому

My thoughts of best plan would be, have plenty gold and silver, and only cash in what you need to the CBDC when you need it. That way you’ll always have money out of the system. But buy gold and silver now before the reset or you never will be able to after on a CBDC!

@timlaird4323 3 роки тому

Get real! Mortgage debt will never be forgiven. It’s an asset that belongs in part to the lender!

@kathrynj.hernandez8425 3 роки тому

Yeah. A counter-party!

@richardhubbard2151 2 роки тому

Great content! Thanks

@evthompson8176 2 роки тому

New to your channel, love it, just beware that debt in some instances get restated in the new system, Charlie Munger made mention of this in a Berkshire Hathaway meeting, in some countries your debt gets written back post reset, so bank wins you lose, probably depends on your loan contract and country. Also some countries have variable rates. So you might be partly right, but its a big deal so read the fine print.

@willia3r Рік тому

Would you have a link to the video where Charlie Munger mentions that part?

@evthompson8176 Рік тому

@@willia3r No Im still looking for it, I think it was at an old Berkshire H meeting, someone was talking about hyperinflaltion, Charlie said they only thing they (german banks) did right is reinstate the loans.

@demolitiondan1188 3 роки тому

What if you’re debt free? No mortgage or credit debt? Will you still have to sign all your assets away?

@manictiger 3 роки тому

If people comply with that level of tyranny, they deserve to be slaves. I'll probably be no longer on the planet at that point. They'll have taken me out. I'm pretty damn strong, but I can't take on a thousand troops with air support all by myself. I'm not signing over anything. They'll find nothing but massive losses trying to take this place. Literally not worth it, but that probably won't stop them from trying.

@richdobbs6595 Рік тому

Depending on whether you are a protected class or not, you might be just fine, or your assets might be seized by taxation.

@MartymcFly-zz2pg 4 місяці тому

@manictiger the tree is thirsty...

@shawnlinnehan7349 3 роки тому

I’m not going along. I signed documents about the loan and how it’s paid back. I will pay my loans back. I will not agree to having them wiped out. Please explain what you think will happen to those who resist. I don’t care about having debt erased. It’s my debt and I will pay it.

@jjjackson5183 3 роки тому

The problem is, they will change the exchange rate so that you won't be better off. They couldn't really do it before. Don't accept any upgraded credit cards at this time. There is probably language in the terms that addresses this issue.

@nouveauriche1779 3 роки тому

Great perspective thanks for the insight!

@markdemell3717 3 роки тому

Money is your god or what? Foolish man!

@BooDamnHoo 3 роки тому

You will own nothing and will be happy. That is their answer. Part of the "great reset" is you can zero out your debt but in return you give up all claim to property forevermore. So at first it will be voluntary, but then it will switch to coerced.

@joecrippen 3 роки тому

Your debt will be wiped clean BUT after you will receive the UBI payment and once used to that will be asked/forced to move into the nearest new smart city. You will because after all you have lost everything and these folks are just helping you out, making your life easier and more convenient. Welcome to the brave new world...

@youngone1985 Рік тому

Yeah. The inflating away of debt by revaluing money. I fully agree.

@cukdu1919 Рік тому

Amazing video as always! Watching this channel after a while. Did you put on weight again? 😂 I’ve been stuck on my desk and am in the same boat

@TheLiverpoolDelta 3 роки тому

I paid my house off outright, I own 200K worth of stocks. I now earn minimum wage. How will I be affected? I have no debt.

@summerisonthursday5239 3 роки тому

Badly

@TheLiverpoolDelta 3 роки тому

@Chatsworth Osborne, Jr. why, will my stock not increase in value with the inflation predicted in this video?

@Strawhat_Pirates3D2Y 3 роки тому

"You should" is always a red flag in almost any sentence, especially from the internet. What do you think you should do?

@alanwatts8350 3 роки тому

Land!!! Buy land with a well, and seeds and guns. Hella guns. Boom literally nothing can effect you now.

@armyofone5219 3 роки тому

You should pull your money out under the CARESAct until the end of December, stock market is a Ponzi scheme.

@youdodat2 3 роки тому

What would stop them from re-denominating your debt.

@SonySato81 2 роки тому

In Sweden with public schools and universities its really cheap and good quality. There is also subsidised loans, but as university is free it doesn´t effect Universities getting more expensive.

@carguy6636 3 роки тому

To get rid of the student loan debt. Take what you owe in total, then add that to your yearly income when you file the taxes and pay the taxes on it as earned income.

@BigDmike24 3 роки тому

Very interesting..Similar thing happened to me on a foreclosed house. IRS added the remaining debt to my income. IRS informed me that I owed taxes on that added income. Hmm!

@Dinngg0 3 роки тому

Debt jubilee = bankruptcy

@JustTuningIn 2 роки тому

Student loans being taken over by government was the worse decision ever. I regret college and was sold the lie! If I knew entrepreneurship as I do now I would of never gone.

@willia3r Рік тому

Can you truly regret what you was never taught?

@lorealdrayton6164 Рік тому

Same here.....only 10% of the information is helpful.....the rest of the information is repeat of high school.....waste of time.

@JustTuningIn Рік тому

@@willia3r As an entrepreneur, I was self taught. The majority of college was redundant.

@daniellesomerfield8799 3 роки тому

The 'Reset' said that people won't own anything and they'll be happy. So that means, they'll say you owe me, so thanks very much, I'll take that.

@geoffwaterman6560 2 роки тому

Appreciate this video. So anyone with savings in the bank is going to lose all their wealth in purchasing power and those with the maximum loans on assets like income-producing real estate that provides cash flow will become wealthy with inflation. Just need to make sure government price controls or moratoriums on rent don't send us broke in the meantime

@financialpatriotswithjoego2779 3 роки тому

Thanks. I doubt the gov't would ever wipe out mortgages and allow you to still live in your nice home. Plus, taxes would go sky high, upkeep, insurance, etc. The idea ultimately is to wipe people out of their wealth. I agree, invest in something that goes up like Gold that will increase with inflation and take it out or live there longer.

@vickieadams6648 Рік тому

I agree with you 2779.

@jebediahkerman8245 Рік тому

Executive Order 6102

@conniefu3023 3 роки тому

As far as government sponsored student loans go, they are products of government interference. if only private students loans are available to students, the terms of the loan (amount and the rate of interest, etc) would be evaluated based on risk and return. I would say mortgage has same problems. They are all forms of credit expansion.

@kathrynj.hernandez8425 3 роки тому

BOOM💥!

@yearofthegarden 3 роки тому

With our vast technological database and implementation of chips, I assume it will be hard to run from the past, and indentured servitude will be expected, especially if there is a over arching social credit system.

@lunasinger2735 3 роки тому

Exactly. Serfdom will be the norm.

@andreasschaetze2930 3 роки тому

When we had Hyperinflation in Germany last time Gold was confiscated (even in the bank safe) and 50% of the value mortgages where forced upon the owners. In the last 5 years 20% of ALL ever created Dollars were brought into circulation!

@rolandbraun1197 3 роки тому

You can talk about this in 3 to 5 years from now. The experts in this digitalisation process have stated that the task to reset all transactions with a digital denomination is extremely complex and time consuming with pitfalls in this transformation at every turn!!

@sonny12681 3 роки тому

What happens to those who bought their home with all cash and have NO mortgage, have a credit score that's over 800 and have a zero balance on their credit card after the great reset comes? I am one of those people. How would the great reset affect me.

@grace4976 3 роки тому

I’m trying to figure that out myself. I’m hoping We will be in a position to help ppl

@shirleylake7738 3 роки тому

You will have lots of friends!

@brianwalker8759 3 роки тому

They will raise property tax to a level that requires you to work and be enslaved or loose property. That is if they don't outright take it.

@sonny12681 3 роки тому

@@brianwalker8759 Not if you move out of that expensive State and find a home in a cheaper State. I'm also buy $700 of shares in the stock market each month that pay me dividends monthly so I'm going to be ok. I work as a custodian in a public school, I am on my 18th year and have 15 years left till I retire. When I'm 55 years old, I will have 32 years in the NY state retirement system and I have a 403B account as well. Those who work for a privet company have to worry because 401k retirement accounts cant be relied on.

@smartbiz6481 3 роки тому

interesting and tq. but i wonder..what will happen to those who dont have money or property ? tq

@luvworldpeace 3 роки тому

Nice subtle flash of the three sixes. How has that worked out for you?

@JenX422 3 роки тому

Investing won't be happening in this regime for most... it will be a struggle to even meet monthly basic needs for 90% And this with assets will have to cash out to survive.

@tmr3288 3 роки тому

"This is what it sounds like when currencies collaaaaapse! Are you ready to go?..."

@8MADJACK Рік тому

I would love more detail on how the deflationary solution works what happens to your debt and Assets in that

@knarlyknuckles9078 3 роки тому

Being someone who has paid off their student debt and is only 1 yr away from paying off my mortgage, it really pisses me off that there may be a ton of people who might get a free ride from their responsibilities. I would be fine if all interest on loans got wiped, but not the entire debt. That's not right. And don't tell me there aren't any jobs. People need to put their ego's aside and work the jobs that are available like fast food, janitorial, warehouse.... It may not be your dream job but it's a paycheck. It will hold you over until something in your "career" path opens up. I'm not in my dream job but I have kids and responsibilities, so I take on work that brings me a paycheck. Even through Covid-1984 I worked. No unemployment checks, because THERE ARE JOBS OUT THERE and I'm not a lazy leach. My 16yo, who has never worked and has no experience, just got hired a pizza shop. Just saying. There are lot's of places hiring, if you are motivated enough to look.

@user-wb9rq5nn2e Рік тому

Plus the avg grad makes significantly more money than someone like me with a HS education. I make $45k. Im not complaining. My cousin god bless him makes $110k. everyone i lnow with a degree is making $80k+ A new guy at work last week asked if i knew how much his student loans woild cost him with interest like im an idiot. I simply told him sure if you make the minimum payment 😂😂 Meanwhile hes got a nice house and new truck like its a given. I have a house built in 1930 thats pieced together and a 30 yr old truck (i dont even love it) and im doing much better than a lot of others.

@SleeplessinOC 3 роки тому

But I WANT to pay off my debts but while the dollar still holds its value (however artificially ). I do not want my debts to take even longer to pay because of the dollar crash that everyone is anticipating and the subsequent hyperinflation. But I can’t pay in full right now . What the heck do I do ? I do not want my debts to be wiped away .

@derflegne4429 3 роки тому

The colleges and banks benefited from increasing student debt.

@josiahramos4943 3 роки тому

Now you gotta talk about the other side of the ledger. What happens on the business side if money becomes less valuable?

@markjaywest 9 місяців тому

You have a contract, they give you X amount of $ and you pay back XX amount of $, if the $ no longer exists in the form you agreed to pay it back in then you can no longer pay back that loan. So the loan should in reality become null and void.

@barontait4985 3 роки тому

For a while the currency is likely to be lead , bird shot and larger denominations

@michaelkirkpatrick4266 3 роки тому

Banks are gonna make sure they get their money. No matter what happens.

@lynnedinsdale5009 3 роки тому

Bank bailins, Natwest hete starting.

@gillianmason4198 3 роки тому

BANKS will not exist in the TOTALITARIAN STATE just your Smart phone I.D

@tygaclericuzio4130 3 роки тому

It's going to be One World Bank

@mspris2012 3 роки тому

That right there's the bottom line!

@diannehall5733 3 роки тому

My investments and the cash in the bank are more of my concern

@gustavocooper5760 3 роки тому

Thank you

@9squares 3 роки тому

So, gold is my debt jubilee? I like it. Maybe a little crypto for good measure.

@Casmige 3 роки тому

Yeah, totally ignore Ezekiel 7:19

@9squares 3 роки тому

@@Casmige You mean, "the numbers don't change but the ease or pain of paying it off will be dramatically changed"? I am not ignoring it, to the contrary, that is my point.

@9squares 3 роки тому

@@Casmige Ahh, now I see you're not talking about a video time stamp but some religious jargon. Yes, you are correct, I am totally ignoring that.

@lynnedinsdale5009 3 роки тому

Oh dear the money changers in the temple aint having it. At least look at what final days site captures on Alaska web cams or any sky watch sites nemesis system is here Gods wrath. The elite built deep underground military bunkers hoping to survive it this time, so beast system must be in place first.