We’ve seen moderate inflation over the last few decades in the United States, but the debt load has grown exponentially. However, in periods of high inflation, the inflation actually wipes out the debt. So how does this happen?
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There might be an economical turmoil but there is no doubt that this is still the best time to invest.
wouldn't the lenders / banking cartels force the government(s) to act in their favor, because no one would stop them
a good point may be also added that, from a corporate standpoint, employee salary can be seen as some kind of debt and these are "erased" too to some extent.
No, it just moves it around. In the end, it leads to ruin, not prosperity. How does it matter if your 'debt' is worthless? if everything is worthless?
The World Economic Forum's agenda will probably use people's debts against them
It reduces debt IF your income adjusts upwards and you can avoid taking on new debt or expenses.
It doesnt erase debts. When you sign your mortgage theres fine print clauses that protect the banks from losing there money in the case of a financial emergency, like hyperinflation. Check other countries and markets that experienced the same, the debt follows you
I don't know what you are talking about. When this country prints money like monopoly money there is no way to keep up. I have saved all my life and now it is worth half of what it was.
Inflation wipes out savings! Good job FED our bureaucrats still love you.
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…the works of the flesh are manifest, which are these; Adultery, fornication, uncleanness, lasciviousness, Idolatry, witchcraft, hatred, variance, emulations, wrath, strife, seditions, heresies, Envyings, murders, drunkenness, revellings, and such like: of the which I tell you before, as I have also told you in time past, that they which do such things shall not
inherit the kingdom of God..
For all have sinned, and come short of the glory of God. – Romans 3:23
For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord. – Romans 6:23
For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his Son into the world to condemn the world; but that the world through him might be saved. He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God. – John 3:16-18
Now when Jesus was in Bethany, in the house of Simon the leper, There came unto him a woman having an alabaster box of very precious ointment, and poured it on his head, as he sat at meat. But when his disciples saw it, they had indignation, saying, To what purpose is this waste? For this ointment might have been sold for much, and given to the poor. When Jesus understood it, he said unto them, Why trouble ye the woman? for she hath wrought a good work upon me. For ye have the poor always with you; but me ye have not always. For in that she hath poured this ointment on my body, she did it for my burial. Verily I say unto you, Wheresoever this gospel shall be preached in the whole world, there shall also this, that this woman hath done, be told for a memorial of her. – Matthew 26:6-13
The great day of the LORD is near, it is near, and hasteth greatly, even the voice of the day of the LORD: the mighty man shall cry there bitterly. – Zephaniah 1:14
For the Son of man is not come to destroy men's lives, but to save them. – Luke 9:56
the fruit of the Spirit is love, joy, peace, longsuffering, gentleness, goodness, faith, Meekness, temperance: against such there is no law. – Galatians 5:22-23
Thou shalt do no murder, Thou shalt not commit adultery, Thou shalt not steal, Thou shalt not bear false witness, Honour thy father and thy mother: and, Thou shalt love thy neighbour as thyself.
But doesn’t the rise of interest to combat inflation also increase the cost of existing debt?
The silver lining to the Democrats imploding the global financial system, is that I can walk away from crippling debt because of the hyperinflation that is occurring in my Red state real estate market as people try to escape the Libtard authoritarianism…. I will be moving further into the country and stocking up on guns and ammo in case they decide to follow me out there.
I had a question. If you had a property and had an opportunity to refinance given everything you explained right now, would it be in your best interest to refinance now or wait until the money becomes less valuable to pay off the old debt?
So, is this the silver lining in an inflationary period in holding fixed rate debt?
I had a 9.25% adjustable in 1985, paid that sucker off fast.
At around 7:50. How can the money supply increase if new debt is flat-lining? Where does the new money come from?
This is good for the government, it erases their debt if it's done well. No doubt, it's the intention of the Fed ( Dick Cheney, "Deficits don't matter" ). My father was correct, the government ( better inflation than deflation, it's the political savior of an overspending country deep in debt as the U. S. is today ) will take care of itself just like some corporations, you better take care of yourself financially or be boiled with inflation or frozen with deflation, welcome to the sacrifice zone!
So the recommendation is to buy home now?
Really informative contented, appreciate you friend.
Wow … clear but not intuitively obvious… food for thought…
Most people on 30 year mortgages are on 2-5 year fixed rates. When they’re renew they will get monkey hammered. A 30 year mortgage is rarely if ever one mortgage. People move on average 5 times in that period.
Monopoly! Where ONE person wins & everybody else loses!
Lesson for today boys & girls : Get the largest loan you can get your hands on NOW…..buy hard assets (Gold / Property / Machines that make things) and wait….sell 1/2 of the assets
and payoff the loans……
Despite the economic downturn, I’m so happy ☺️. I have been earning $20,000 returns from my $10,000 investment every 13 days.
Happened to my mom in the 70s. She bought a house for 18k in 1970. I think her payment was 280$. She could barely make it and had to get my uncle to cosign. By 1980 she had no problems paying. By 1990 she just paid if off 10 years early. On a nurses salary with 4 kids. Sold it in 2010 for 400k…
This concept works so long as you can survive the lag of extra currency gets distributed out, lag is usually slow when cost of living drastically goes up.
NOBODY BECOMES MILLIONAIRE OR A BILLIONAIRE'S BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRING MILLIONS OF DOLLARS, AND CONSISTENCY BRING BILLIONS, THE MARKET IS ALL ABOUT CRYPTOCURRENCY AT THE MOMENT NOW.,
That works if salaries rise; What if they do not rise, or do not rise proportionately? This was my first year without a raise.
I'll believe it when the minimum wage jumps to $30 an hour and 10% per year after that. I see people moving back home with the parents soon because prices are so high.
Feeding the YouTube algorithm. Great info. Thank you.
So I have a hypothetical situation and want to as for an opinion. Not advise, just an opinion. Suppose I had the opportunity to borrow $100,000 at 3% interest rate today, a time of clearly double digit inflation. I could invest that money in today’s stock market. Or I could buy gold bullion as a hedge against a dollar collapse or whatever other nonsense might be coming. Also, assume I have other assets in play that any other normal person age 55 might have after a lifetime of working in an upper middle class environment. Feels like a bullion bet might not be a bad idea. Not necessarily going all in at 1950 but layering in over a year. Thoughts?
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