Looks like it's happening. Banks and the stock market will likely be shut down for 6 days. Pretty big deal
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Grexit
- Thread starter Shemp
- Start date
Every country using Fiat currency is bankrupt. Money is debt if it is not backed by anything. And I can't hold "faith" in my hands.
Fiat works just fine right up until everyone inevitably loses faith in it. Even gold only has value because everyone agrees that it does.
I'm torn on what will happen once the dollar does collapse...it wouldn't surprise me to find out the nefarious powers that be already have a new currency system waiting to be put inplace...some type of all digital and control able currency.
That's exactly what will happen. Banks will be closed for 5 business days at most.
Your going to have some whack job guy come up with a great way to make it "fair" for everyone, reboot the economy 2.0 and they will hand out digital currency like at the beginning of a monopoly game so everyone starts with their fair share and a clean slate, no one gets left behind. It will appeal to the populous whom lost everything and there will not be much the rich can say about it for fear of the angry mobs.
