Oh BINGO - they don’t want to be repaid with worthless dollars …
Inflation coming
Oh BINGO - they don’t want to be repaid with worthless dollars …
—————
Study Argentina, Venezuela, and other socialist countries to see what happened. Think mortgages, really think…..guess what?… laws were passed to tie mortgages directly to the official “inflation index”...mortgages were argued as being legal contracts, specified to be paid in a certain dollar amount, the debtor wins when inflation hits, when hyper inflation hits, the laws and contracts are changed….the banks don’t lose, ever. Something to think about.
Inflation coming
Oh BINGO - they don’t want to be repaid with worthless dollars …
—————
Study Argentina, Venezuela, and other socialist countries to see what happened. Think mortgages, really think…..guess what?… laws were passed to tie mortgages directly to the official “inflation index”...mortgages were argued as being legal contracts, specified to be paid in a certain dollar amount, the debtor wins when inflation hits, when hyper inflation hits, the laws and contracts are changed….the banks don’t lose, ever. Something to think about.