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If the FED fails what happens to government loans?

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posted on Apr, 11 2009 @ 07:08 PM
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Hello all

I was asked this question but I couldn't provide an answer could you guys help me out?

Say you have a Mortgage and a government loan. What would happen to your loans if the FED fails and the dollar goes by by?




posted on Apr, 11 2009 @ 07:27 PM
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Originally posted by freeordie
Hello all

I was asked this question but I couldn't provide an answer could you guys help me out?

Say you have a Mortgage and a government loan. What would happen to your loans if the FED fails and the dollar goes by by?






FreddieMac & FannieMae, both GSE's are taken over by the US Treasury...
and have no obligation to the 'Fed' (Federal Reserve Banks)...
so the 'Fed' has no mortgate connections or loan connections-

the 'Fed' only puts (albiet temporarily) toxic assets like some mortgages & loans on their 'balance sheets' fully expecting payment when the paper reaches Maturity...

the 'Fed' is owed $100s of Billion$ or even Trillion$ for the monies they've allowed the US Treasury to print during the last two calendar years alone...

So... the 'Fed' cannot Fail... about all they could experience is a severe
devaluation of their 'wealth' as the dollar decreases in value... but I'm certain the 'Fed' manipulators have that contingency figured out already,
and will have converted all their reserve-note holdings into 'tangible assets'
(think gold/oil/minerals/land/super-bowl stadiums, etc)
long before the crash happens



posted on Apr, 11 2009 @ 07:32 PM
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So say you have a USDA farm loan and the dollar is defunct what happens to the debt?



posted on Apr, 11 2009 @ 07:33 PM
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reply to post by freeordie
 


If the dollar goes defunct, the least of your worries will be the USDA farm loan



posted on Apr, 11 2009 @ 07:36 PM
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That's for sure!!
I have a friend who is considering getting a farm loan.
I told him to just pay cash and stock up on Beans and bullets



posted on Apr, 11 2009 @ 11:25 PM
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They will create a law that loans will have to be paid in the new currency.

If Ron Paul had his way, it would be a constitutional amendment.



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