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Originally posted by carlitomoore
About waiting for hyperinflation and then paying your mortgage off (and not to de-rail), I started a thread a couple of weeks ago which deals with the issue: www.abovetopsecret.com...
But I was under the impression that hyper inflation means that there is more money in the system chasing the same amount of goods.... so that a $10 item would then cost $15 because the currency is devalued.
So then would it not take you more amount of money to pay off your mortgage and not less?
Originally posted by ghaleon12
Honestly, that might seem "fair" to increase the debt level of the USA as inflation increases. But really, that isn't fair for the American people. 1. We, I at least, never did anything to prompt our crazy government to continue it's massive spending. and 2. We never "signed on" to this new idea. It might sound unfair, but when making decisions, you need to have everything agreed upon before the ball gets rolling. You don't rack up someone else's debt and then say "By the way, you can't inflate your way out".
Also, inflation is going to hurt Americans as well, not just China.
[edit on 13-4-2009 by ghaleon12]
As if the dollar didn't have enough problems, Timothy Geithner took China's bait yesterday and said he was "quite open" to its suggestion this week to displace the greenback with an "international reserve currency." The dollar promptly fell and stocks followed, before the Treasury Secretary re-emerged to say "the dollar remains the world's dominant reserve currency. I think that's likely to continue for a long time."
International Reserve Currency
Besides wanting the dollar tied to inflation, it looks like they also want the Yuan to be the main world currency.
Originally posted by huntergatherer
reply to post by questioningall
I must agree with the purchasing of precious metals.
especially the ones with food inside or black powder inside
something tangible to feed or protect your family and property