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The Great Reset – what does it mean for you?
The Great Reset has been getting a lot of media attention lately – formerly the thing of conspiracy theorists the idea of a globalist revision is now in the mainstream. Here are some thoughts and links to discussion points.
Can I go bankrupt on ____ ?
Get to know what you can and can’t go bankrupt on. Some debts won’t go away even after filing bankruptcy – most will.
Ownership of debt
It’s easy to get confused about who owns your debt, debts get sold and traded and it is even conceivable that you could own your own debt through investments.
Lower Payments
Lower payments are no pancea for managging debt, lower payments usually means extending payments over a longer period of time and paying more interest and service fees.
Total Equity Plans
Bankers don’t work for you, they work for banks. At banks “profit” is not a four letter word – bottom lines are very important and securitizing those bottom lines is an integral part of a bankers business.