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Comment: nothing will happen

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nothing will happen

Submitted by Gnome DeGuerre on Sun, 11/25/2012 - 20:47.

If you're holding out for a big discharge, you will be disappointed. Your IOU will possibly be traded at a discount but it will be bundled with millions of $s of other loans so you will not have access to buy back your loan at say $.80/dollar unless you want to buy a million dollars of other people loans.

Sorry, man. No jubilee for you.

You can hope for a currency collapse (a total economic disaster) whereby you can pay off your loan at a very steep inflation discount. But that rests on your ability to get yourself massive wage increases during the crackup boom.

Good luck with that.