Saturday, February 08, 2025

Would we not have to worry about student loans anymore when Putin launches nukes?

 

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Would we not have to worry about student loans anymore when Putin launches nukes?

If we still have to worry about student loans after a nuclear exchange, how exactly would student loans survive a nuclear war in the first place?

And would student loans be paid back with bottle caps a la Bethesda Softworks' Fallout series?

  

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[–]thelastbuddha1985 19 points  

They will prolly still come after you for it, lol, you’re not getting away that easy!!

[–]thelastbuddha1985 6 points  

Are you serious? No I don’t think you’ll have to worry about your loans, read nuclear war by Anne Jacob’s, no one survives . Total wipeout and the first thing to go is electricity and internet. World wide catastrophe, if you do survive the blast, you’ll die from fallout or starvation

[–]YeOldeGit 2 points  

Sames goes for money, all that lolly lying in a bank vaults somewhere will be worthless i imagine.

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[–]bustead 5 points  

I have put way too much thought into this question. I will say that your student loan will still exist, but with caveats.

In a small scale exchange, where one to maybe a dozen tactical nukes were fired against military targets, the main concern would be an economic crash. The disruption to global trade, panic buying and lack of workers (everyone is most likely too busy hiding in bomb shelters) will lead to rampant inflation. Living costs explodes and you may be looking at great depression levels of disaster. By that point, your creditor (government or otherwise) will likely chase you down for repayments since they are faced with incredible financial pressure as well.

In a major exchange where strategic nukes are used, your loans may still exist. Now it depends on whether your creditor is the US government or a private entity. You can expect that the US government (at least a good chunk of it) will survive a nuclear exchange. Remember, the entire idea of a credible second strike requires at least some level of decision making and chain of command to survive long enough for a counterattack. Thus, if second strike works as intended, you'd see the federal government surviving after a nuclear war. By law, since your creditor is still present, you are required to repay your loans. That again, it depends on if anyone is enforcing any of the laws. I am willing to bet that after a nuclear war, surviving government forces have more important things to do than handling student debt, at least in the short run.

Finally, I discussed the idea of a post-nuclear war economy with my then-GF (an investment banker), and it seems that gold is the only viable option as money. No one will trust paper money (unless of course, the military is forcing everyone to accept it by gunpoint), bottle caps can be made in small workshops and are therefore too easy to counterfeit, bullets come in different calibers and standards, and essential supplies like water are not portable. Gold bars and gold coins will likely make a come back after a nuclear war.

[–]ChubbyMcHaggis 1 point  

There’s already plans in place to freeze wages, lock prices, and freeze loan payments etc. or there was. The idea was that who ever was president after the attack could with a single pen do all of that, plus declare war, state of emergency, martial law, etc.

[–]leo_aureus[🍰] 1 point  

If you like flashes, come to the Chicago suburbs haha

[–]BeyondGeometry 0 points  

Never take loans , better eat bread with water for 1 month but absolutely never take even 1 cent. At worst from a close relative or a friend , a couple hundred bucks max.

[–]Tchocky 0 points  

Terrible advice

[–]BeyondGeometry 4 points  

How is this a terrible advice?

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[–]JeremyGhostJamm 1 point  

I think he's referring to the general saying of "Never lend money to family or friends."

[–]BeyondGeometry 1 point  

That's like the best option if you are taking. A bank wont forgive late payments and give you time.

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