The only question I have is, how will mortgage debt be handled. When you can easily satisfy the conditions of the loan, what happens to the mortgage holder?
>>The only question I have is, how will mortgage debt be handled. When you can easily satisfy the conditions of the loan, what happens to the mortgage holder?<<
In a hyperinflation, the lenders end up with nothing in the end. It’s the borrowers who win, i.e., the profligate, i.e., the federal government.
Buy Treasury Bonds at 4% for 30 years and see who wins, you or the government. Greenspan’s right; they won’t default, but a $1,000 bond due in 2041 will buy you a pair of shoes in 2041 at 12% inflation. At 20%, a Happy Meal at McDonalds. At 50%, use it for toilet paper, because it will be the cheaper alternative.