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To: blam
Creditors win through inflation and lenders lose

How can that be if you already have a loan, but what you owe is worth less in real money because of hyper-flation?

I am guessing it is only good if salaries and wages have to be exponentially increased in order to keep up with inflation.

So, instead of owing $50,000 on that car, the dollar becomes worthless and I owe a fraction of that in real money.

Yes?

19 posted on 12/06/2009 9:28:15 AM PST by SkyPilot
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To: SkyPilot
"So, instead of owing $50,000 on that car, the dollar becomes worthless and I owe a fraction of that in real money."

Yes.

Your wages would go up substancially but not your payments.

20 posted on 12/06/2009 10:01:01 AM PST by blam
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