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To: Wyatt's Torch

Interesting to get a low interest mortgage locked in before inflation hits,

then when it does hit, you, in essence, are being paid to borrow money.

Of course, the financial system will soon collapse on this model, but we can’t really do anything about that except to position ourselves in the best place to ride it out.

Me? I’m buying a cow.


13 posted on 09/14/2012 11:20:24 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
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To: MrB

LOL! You are exactly right. I had an economist tell me last month to buy up all the hard assets I can now because rates are so low and then when inflation hits you will be paying the loans back with inflated dollars and you will end up getting rich because the assets will be inflated.


16 posted on 09/14/2012 11:23:12 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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