What if the american public stopped paying their credit card bills, refused to pay insurance premiums when they went past a certain point i.e. we refused to pay car insurance more than $200 a year? What if people stopped making house payments, Im not talking about one person, I mean if millions started doing it.
What would happen?
Well no, not necessarily – in fact quite the opposite in light of all the government intervention going on in the markets.
Think about it this way: If people quit using services provided by the private sector then those services will go away. That is all. If people quit paying their CC bills then CC services will go away…and for those people that want to use them they will have to PAY big time for it since prices are set by supply and demand.
However, if people were to quit supporting the government it would go away just the same and then we would have anarchy. BTW, if we quit supporting government these banks would not be able to get away with “price gouging” because customers would seek other services or just quit paying their bills altogether. As it is now, banks will get bailed out which just will incur the expense on the tax payers – which we can both agree is not anarchy.[/quote]
This is false. Government doesn’t really need taxes; that’s just an instrument of control. They can create any money they need electronically.
To REALLY rebel, citizens would have to refuse to interact in any way, not accepting anything in payment from the government (for foodstuffs, supplies, and the like). Then, the military would just take what’s needed.
Subsistance farm in an isolated area. Barter with neighbors but don’t create anything of value. Even then, the government might do a General Sherman and just strip the countryside and destroy/burn everything else.