Don't debtors stand to gain from higher inflation? If we're expecting very high inflation wouldn't it be satisfy the debtor because the inflation pays of their loan?
Your asset that you have bought with borrowed money is deflating and day to day expenses are inflating. You are being screwed on both sides. Nice avatar tho - it is 100 Serbian Dinars featuring Nikola Tesla - worth around $1.30AUD
Right, ill acknowledge the 'fixed interest rate' comment Dwayne. Thanks Thucy, I picked it because it symbolizes the smartest man that ever lived and first great victim of JP Morgan, my country of birth, and the inflationary history of that currency which is why we are all on this forum.
Theres a lesson in the fact that: Northern and Southern Irish people, both Celts; Serbs, Croats, both Slavs; Indian and Pakistani, both towelheads (joking - don't know what the racial label is, maybe Hindustani?) are at odds despite being the same racially speaking.
Yeh, he was Macedonian.....i heard he used to sip on lattes' with Alexander the greats nephew as they reminisced about their united heritage.
I have a dislike of debt. I'm good for a decent loan from the bank if I wanted. Back in October last year when I decided to buy silver I seriously considered borrowing to buy. But in the end I just was not going to borrow to invest. I spent what I had, and knew I could afford to lose. I've missed out on a bunch of opportunities because of my dislike of debt. But on the flip side I sleep very well.
