They can go rim Johns behind the dumpster at their local McDonald’s, or take a massive hit while offloading assets like everyone who ever had to pawn stuff to pay for food or rent has. Either way, they pay or face penalties, again, like everyone else.
You do realize “take a massive hit while off-loading” is exactly what would happen. The money didn’t exist, and realizing it will basically pop the bubble. Nothing is value would be extracted for the average person, and the end result is everyone loses there 401k and pension during the collapse.
They can go rim Johns behind the dumpster at their local McDonald’s, or take a massive hit while offloading assets like everyone who ever had to pawn stuff to pay for food or rent has. Either way, they pay or face penalties, again, like everyone else.
You do realize “take a massive hit while off-loading” is exactly what would happen. The money didn’t exist, and realizing it will basically pop the bubble. Nothing is value would be extracted for the average person, and the end result is everyone loses there 401k and pension during the collapse.
So if they have a bunch of properties and have to sell them at a massive loss, you think homebuyers wouldn’t snatch them up and be much better off?
The ones that get them would. But those numbers would be nothing in the big picture.