RNAi [he/him]@hexbear.net to Chapotraphouse@hexbear.netEnglish · 2 days agoTrust the planhexbear.netimagemessage-square38fedilinkarrow-up1104arrow-down10
arrow-up1104arrow-down1imageTrust the planhexbear.netRNAi [he/him]@hexbear.net to Chapotraphouse@hexbear.netEnglish · 2 days agomessage-square38fedilink
minus-squarechgxvjh [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up16·edit-22 days agoThe bet is that there will be hyperinflation soon (and that you won’t have to default on the loan), devaluing the money you’d owe the bank. I have my doubt though that a 50 year loan would have fixed interest rates rather than being index adjusted or something like that.
minus-squaredrinkinglakewater [he/him]@hexbear.netlinkfedilinkEnglisharrow-up11·2 days agoHyper inflation for the global reserve currency sure sounds like a good idea
minus-squarechgxvjh [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up4·1 day ago global reserve currency Not for long
The bet is that there will be hyperinflation soon (and that you won’t have to default on the loan), devaluing the money you’d owe the bank.
I have my doubt though that a 50 year loan would have fixed interest rates rather than being index adjusted or something like that.
Hyper inflation for the global reserve currency sure sounds like a good idea
Not for long