Out of debt is the one thing I disagree with. I've transitioned from paying off debt ASAP to making bare minimum payments since at this point I have zero faith in the currency, runaway inflation is likely to reduce my debt in the long term, and frankly hard resources are more valuable than money going forward.
REMEMBER- Argentina raided their citizens' private retirement funds to pay government overspending. The banks rolled over because their heads were safe.
Out of debt is the one thing I disagree with. I've transitioned from paying off debt ASAP to making bare minimum payments since at this point I have zero faith in the currency, runaway inflation is likely to reduce my debt in the long term, and frankly hard resources are more valuable than money going forward.
well I am currently not making any student loan payments because I know I won't get my money back if biden passes relief for it.
In a hyper inflation scenario, all banks will re index loans to inflation retroactively, as shown in Israel, Argentina, Guatemala, Germany...
Would not be surprised to see that here as well. If there's one thing you can trust about banks, it's that they'll get their (your) money, always.
shit, is that true? Can you provide a link to read up on it?
REMEMBER- Argentina raided their citizens' private retirement funds to pay government overspending. The banks rolled over because their heads were safe.