3262 posted 98 days ago by mountain_ram 98 days ago by mountain_ram +3265 / -3 197 comments share 197 comments share save hide report block hide child comments Comments (197) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 13 ▼ – Slappysq 13 points 97 days ago +13 / -0 In a hyper inflation scenario, all banks will re index loans to inflation retroactively, as shown in Israel, Argentina, Guatemala, Germany... permalink save report block reply ▲ 11 ▼ – bidensmissingbrain 11 points 97 days ago +11 / -0 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. permalink parent save report block reply ▲ 5 ▼ – 1PhantomStranger 5 points 97 days ago +5 / -0 shit, is that true? Can you provide a link to read up on it? permalink parent save report block reply ▲ 2 ▼ – Litecola2 2 points 97 days ago +2 / -0 REMEMBER- Argentina raided their citizens' private retirement funds to pay government overspending. The banks rolled over because their heads were safe. permalink parent save report block reply
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.