Global Wave of Debt Is Largest, Fastest in 50 Years
For a blueprint as to what will happen, there's really 2 scenarios: 1) hyperinflation 2) deflation. If hyperinflation is the possibility, which the Fed will favor much more than deflation, then you want to own as much debt as possible, in the form of property. Then your debt will hyper-inflate away and you'll be left with a ton of property.If the Fed loses control and we end up with deflation, you want to own as little debt as possible and as much cash as possible.  If you are lucky enough to be with a life partner, you can arrange all your debt to be with one person, and all your assets to the other person, and then get a divorce if need be. Then the person holding the debt can claim bankruptcy in the case of global deflation, which would then wipe the slate clean.