Re:The QT Timebomb
by mikewarot on Thursday January 20, 2022 @12:08AM
(#30004920)
If civilization collapses, 7 billion people will die, at least.
The economy contracting 90% is a possibility, and if your income goes to zero, you don't want to lose what you have left because of a loan you didn't think you'd actually have to pay off.
Re:The QT Timebomb
by astrange on Thursday January 20, 2022 @01:04AM
(#30005330)
If the economy contracted 90% you wouldn't have to pay any loans because the loan collectors would be dead. This is sort of like "if you owe the bank a billion dollars the bank has a problem".
The economy contracting 90% is a possibility, and if your income goes to zero, you don't want to lose what you have left because of a loan you didn't think you'd actually have to pay off.