Is hyperinflation a good thing for paying off my mortgage?
I mean, if the US Dollar becomes Monopoly money, won't I owe something like 10 Euros?
Posted on 12/04/2009 2:44:16 PM PST by blam
Investment Profit Vehicles For The Intensifying Financial And Economic Storm
Stock-Markets / Investing 2010
Dec 04, 2009 - 01:11 PM
By: DeepCaster LLC
“A Great Collapse. The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a complete collapse in the purchasing power of the U.S. dollar, a collapse in the normal stream of U.S. commercial and economic activity, a collapse in the U.S. financial system as we know it, and a likely realignment of the U.S. political environment. The current U.S. financial markets, financial system and economy remain highly unstable and vulnerable to unexpected shocks. The Federal Reserve is dedicated to preventing…debasing the U.S. dollar…
Crises Brewed by Federal Government and Federal Reserve Malfeasance. The crises have been generated out of and are centered on the United States financial system, triggered by the collapse of debt excesses actively encouraged by the Greenspan Federal Reserve.
Recognizing that the U.S. economy was sagging under the weight of structural changes created by government trade, regulatory and social policies — policies that limited real consumer income growth — Mr. Greenspan played along with the political and banking systems. He made policy decisions to steal economic activity from the future, fueling economic growth of the last decade largely through debt expansion.
The Greenspan Fed pushed for ever-greater systemic leverage, including the happy acceptance of new financial products, which included instruments of mis-packaged lending risks, designed for consumption by global entities that openly did not understand the nature of the risks being taken. Complicit in this broad malfeasance was the U.S. government, including both major political parties in successive Administrations and Congresses.” (emphasis added)
will Andrea Mitchell be covering the reports of this Fed malfeasance?
Or chasing Sarah Palin with a cheesy magazine cover?
In 1 year I will be able to scrape by in a real depression ,,
In 2 years I’ll be prospering through the depression ,,
and if I have 3 years to grow and prepare I’ll be providing jobs and food...
Please give me at least one more year to prepare...
Maybe...it'll be close.
for later
Ping!
bttt for later read.
Is hyperinflation a good thing for paying off my mortgage?
I mean, if the US Dollar becomes Monopoly money, won't I owe something like 10 Euros?
Persumably your wages will go up to compensate for inflation but your mortgage payments will remain the same. You can make your mortgage payments with cheap money.
What if a Lot of people lose their jobs and all they have are devalued dollars.
That's when the social 'unrest' will begin and anticipation of this possibility/probability is what is driving gun and ammo sales these days.
Thanks for the ping. That was a very honest piece.
Some of the gold bugs are exceptionally honest about most of what is happening and what will be likely. However, they tend to leave out the necessary part about real production (manufacturing, for one) in an economy. And they assume that a gold phase would go on indefinitely, regardless of how low and long a bad economy goes.
Heavy and diverse production is really the basis of a good economy, and morality is necessary to keep such an economy going. This world hasn’t been and won’t be perfect, so any large population trend toward morality will not last for very long. Economies will fall.
And yes, savings and the attitude toward building with one’s own hands is the best way to go for each individual. All of the promoted, all-encompassing systems of economics are flawed, because people will become flawed.
It’s what we—each of us individuals—do that counts. At best, we can each only try to do better today than we did yesterday and do something good for others once in a while with our short life. You older folks, listen to your grandparents or great-grandparents (those who were actually cognizant adults during the Great Depression). Younger folks, learn about your great-great-grandparents.
And fiscal conservatism will not work without moral conservatism. Invest in your own labor. Save, and learn to make something useful.
You who currently prevail, stop preventing your neighbors from producing while trying to blame absent bogeymen for your thieving. The “environmentalists” are your relatives, friends, favored employees and students—not the relatives of men who try to save and build with their own hands.
bttt
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