To: rbg81
Who will loan money when the government has legislated that many of those loans do not have to be repaid?
LLS
26 posted on
07/03/2011 5:54:58 AM PDT by
LibLieSlayer
("GIVE ME LIBERTY OR GIVE ME DEATH"! I choose LIBERTY and PALIN!)
To: LibLieSlayer
Who will loan money when the government has legislated that many of those loans do not have to be repaid?
Not sure it will happen exactly that way as lending would stop altogether. What is more likely is hyperinflation was the Government prints more $$ to “create” prosperity. The effect will be almost the same—existing debt will lose much of its original value.
33 posted on
07/03/2011 6:22:04 AM PDT by
rbg81
To: LibLieSlayer
Who will loan money when the government has legislated that many of those loans do not have to be repaid?
Not sure it will happen exactly that way as lending would stop altogether. What is more likely is hyperinflation was the Government prints more $$ to “create” prosperity. The effect will be almost the same—existing debt will lose much of its original value.
34 posted on
07/03/2011 6:22:04 AM PDT by
rbg81
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