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/biz/ - Business & Finance

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56565827 No.56565827 [Reply] [Original]

>Few people have any money
>Most people have massive debt
>All the institutions they’re indebted to demand payments immediately

What happens in this scenario? Does the whole financial system just collapse instantly?

>> No.56565857

>>56565827
Forbearance
Loan restructuring
They can’t squeeze a squoze grape so they try to get what they can rather than blow it up

>> No.56565912

debt isn't paid by demand but by compliance and credible threat of losing future access to credit. look up loan-loss provisions

>> No.56565925
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56565925

>>56565827
>What happens in this scenario?
Neofeudalism.

>> No.56565972

>>56565827
The government intervenes to keep the credit system from locking up

>> No.56566120

>>56565827
It wouldn't happen because the financial institutions know that there's more money in collecting interest over time.

>> No.56566129

>>56565827
it's all a confidence game. the cattle have confidence in the political system, the jewdiciary, banking and central banking, fiat, the belief that they're receiving tolerable wages in exchange for their labor, etc.

>> No.56566894

>>56565925
>Implying Feudalism was bad
Retard

>> No.56566912

>>56566894
>i cant read
neofedalisum wont be you living in a homogenous farming community. it will be you in a pod with a screen showing mandatory blacked screening for 12 hours a day

>> No.56567100
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56567100

>>56566912
in your dreams faggot, i already own land