Rasputin_Vol
"Slava Ukraina"
- Joined
- Aug 14, 2007
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Let me say it one more time... they will change the rules to be in their favor.That's not the way that works. Your $5,000 liability is still $5,000. After a massive devaluation, you still repay the same $5,000. In your example, it's just that the $5,000 is now only worth $50 in today's dollars. The issue with hyperinflation is that now it costs $100 to buy a bag of 5 apples. No bueno.
But you do your own thing if you choose to borrow in this climate. I'm not taking a chance of them changing the rules.