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11/29/08 11:34 AM

#16097 RE: asus #16095

When hyperinflation occurs wouldn't it be easier to pay off your mortgage when that mortgage(locked in at todays price) becomes a small percentage of the hyperinflated salary?

or am I incorrectly assuming that the average salary(if there are any jobs) would also hyperinflate enough to provide pocket change for a mortgage payoff.





partysasquatch

11/29/08 11:42 PM

#16112 RE: asus #16095

I agree with that. We can talk about the effect of the dilution more, but it is obvious that assets purchased right now will weather the storm and do extremely well into the future.

I just can not see the collapse of the system. What the heck will replace it? Capitalism has survived much greater hits in the past than it is seeing now. We just get to see it daily from the media and that makes fear rampant.

Party