To: blam
Here is the same question I posted on another thread.
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?
![](http://elcofrecito.net/wp-content/uploads/2008/06/monopoly_money.jpg)
10 posted on
12/06/2009 9:23:37 AM PST by
SkyPilot
To: SkyPilot
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.
11 posted on
12/06/2009 9:27:11 AM PST by
blam
To: SkyPilot
"Is hyperinflation a good thing for paying off my mortgage?"
Maybe, if you invest in the manufacturing of some of our "trading partners," as most advisors have told their clients. The inflationary trend usually becomes apparent about a year after the Fed raises the rate.
In this case, it will become apparent after freight fuel and/or foreign product prices (foreign currencies) go much higher due to foreign production and consumerism weighed against our laziness and defaults on loans from foreign investors.
Getting to work at making or building something useful might pay off the mortgage--that is, if local competition through regulatory tactics hasn't gotten in the way too much.
15 posted on
12/07/2009 4:14:19 PM PST by
familyop
(cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote)
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