You are viewing a single comment's thread from:
RE: Greg Hunter Interview: Paul Craig Roberts -- Looming Financial Catastrophe Hanging Over the World
i wonder when things go worst, all monetary system failed, what will happen to the world?
will we be able to survive without money?
First people will use available cash. When that runs out it will go to a type of bartering system which may include gold, silver, precious items, and even food.
When the system resets, any debt on the books is likely to stay on the books. This is why I believe it is best not to go into debt.
Have a great day!
Steem on,
Mike
Debt is likely to stay on the books. How convient for them :):):)