I personally would not want to visit that upon another human being, but there are historical precedences for such a thing...
Posted on 04/12/2011 9:10:41 AM PDT by Kaslin
Can any economics historian tell me if this was the way they were originally planned? If not, then who changed this and when?
And we forgot about all of that in the 80s-2000s....
You are right, inflation makes debtors wealthier and lenders poorer, some just cannot picture how it works. It also tends to make necessities cost a lot more while some luxuries become cheap. Those who have little or no discretionary income cease buying unnecessary items which reduces demand for such things and may cause the nominal price to actually drop while necessities like food skyrocket. Recent examples are such collectibles as Barbie dolls, I know people who were buying them as “investments” twenty years ago and now have a roomful of nearly worthless dolls still in the original boxes. They paid enough for one doll to buy lunch for a week and now need to sell a dozen dolls to buy one fast food lunch.
What I and probably you SHOULD HAVE DONE is to borrow to the limit ten years ago and buy gold and silver. This is easily seen in hindsight. Looking forward there is no reason to believe that inflation will do anything other than worsen, this means that paying off a mortgage now is to give up money which still has some value now to avoid paying the same amount in worthless dollars later. Doesn’t sound so good, does it? The only way to hang onto real estate WTSHTF is to own the proper tools, the proper tools are made by companies such as Remington, Smith and Wesson, Glock, KelTec, Hornady, Ruger etc. buy tools and food and try to insure that you have a safe water supply, the first requirement of survival is good water. It is much easier to store a year’s supply of food than a year’s supply of water.
Fixed it.
Idiots like you think Trump will save them. No need to change what was correct the first time.
So what horse are you backing, bucko?
bttt
“It is much easier to store a year’s supply of food than a year’s supply of water.”
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Fortunately I have a large swimming pool which even when the level is lowered in the Winter contains upwards of 40K gallons. I am told by those in the know here on FR, that I can easily render this chlorinated/conatiminated water potable with a number of easily obtained filtration systems. Agree?
Yes, I am coming around to the inflationary argument of paying the mortgage LATER with (grossly) devalued dollars. Inflation appears to be inevitable, though some tout a deflationary scenario.
“”Madness is rare in individuals - but in groups, parties, nations, and ages it is the rule.” — Friedrich Nietzsche
“
Or as Dispair.com puts it: None of us are as dumb as all of us.
bttt
Don’t count on it . Way to many folks are getting seriously annoyed with the way things are going, and idiot race hustlers try doing a pogrom/race war those of us who have been to Uncle Sugars trade schools will be happy to show them that ain’t none of our loved ones going on any damn cattle car anywhere.
I personally would not want to visit that upon another human being, but there are historical precedences for such a thing...
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