RNAi [he/him]@hexbear.net to Chapotraphouse@hexbear.netEnglish · 6 months agoTrust the planhexbear.netimagemessage-square38fedilinkarrow-up1107
arrow-up1107imageTrust the planhexbear.netRNAi [he/him]@hexbear.net to Chapotraphouse@hexbear.netEnglish · 6 months agomessage-square38fedilink
minus-squarechgxvjh [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up16·edit-26 months 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-up12·6 months agoHyper inflation for the global reserve currency sure sounds like a good idea
minus-squarechgxvjh [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up4·6 months 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