Post
Topic
Board Economics
With sound money in place (BTC, Gold,...) all consumer credit is gone
by
w00t
on 09/02/2017, 22:53:11 UTC
Hi,
I was wondering, did anyone of you ever thought about that if there were only sound money in place such as (BTC, Gold,...) all consumer credit is gone (credit cards) that are now handed out like samples by drug dealers.

How many that you know would survive such wake up call? Not being able to finance themselves by debt but only with money on the table. I think at least half the medium and up sized businesses would go bust in 1 month, about individuals - really no idea...