this post was submitted on 14 Aug 2024
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Not much. You can't spend enough of their money before they stop your spending and start collecting it.
How much credit can you get without a high income or a lot of assets? Hopefully much smaller than your mortgage (which is that the 2008 crisis was about).
Exactly what happens depends on law where you live. Here you'd get a court order: First confiscation of cash or cash equivalents. Second sale of assets, in the end your pay would be garnished. Since not everyone is forced to sell their house (like 2008) the price drop would be smaller but spread across the entire economy.
Unless you're willing to illegally work without a contract and only take cash payments they will get their money back.
Anyone who did not participate in it would have a good time buying cheap stuff in the forced sale.