To: 1rudeboy
Why would your loan payment cost less? If you have $25,000 in debt and make $50,000 a year; you are still going to have the same debt, and the same income rate.
286 posted on
04/10/2004 8:15:32 PM PDT by
ARCADIA
(Abuse of power comes as no surprise)
To: ARCADIA
If the U.S. issues a bond, and subsequently devalues its currency, then it will cost less for the U.S. to pay it off. I cannot make it any more simple than that.
To: ARCADIA
286 - "If you have $25,000 in debt and make $50,000 a year; you are still going to have the same debt, and the same income rate."
Not if you are paid in Euro's, and you agree to pay back $50k, and it now your salary is worth $1.25 for each euro, it becomes easier to pay off as the dollar devalues against the euro.
299 posted on
04/10/2004 8:36:21 PM PDT by
XBob
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