What is the Most Effective Way to Eliminate Your Debt?
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Added: 6 months ago
From: Finance101EC
Views: 2,192
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  • If we have inflation or hyperinflation and the inflation rate is higher than the interest rate, wouldn't it be better to hold on to your debt and pay it back with worthless dollars. If you were in Zimbabwe and had debt prior to hyperinflation, you could pay it all instantly now.

    stormspottter 3 weeks ago

  • @stormspottter In our present monetary system taking on debt CREATES money! Paying off debt DESTROYS money! That describes booms and depressions. Checkout the vid "Why Do Banks Make So Much Money?" by PositiveMoney

    Slave2PaperWithInkOn 4 days ago

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