Quote:
Originally Posted by NICKG
so you think that we are going into a period of hyper inflatoion? like germany after ww1? personally i would welcome that because I would pay the note on my house off much faster...but i shudder to think if i would have a job
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Absolutely.
The government is running the printing press like crazy right now. Add to it there's an INCENTIVE to devalue the currency because it makes the billions and trillions easier to "pay off" (they're paying off the debt with dollars that will be worth a fraction of what today's are, but on paper the books will balance).
I know the big banks are ABSOLUTELY hoping for high inflation, as it will help with a lot of the red ink on their books too - particularly crappy mortgages.
It's a simple solution on paper, but obviously it hurts everyone long-term.
I'm betting everything I've got left that we're going to see very high inflation very soon - as in - within 1-2 years. Possibly even hyperinflation.