So, how does that help devalue the debts? If the debts are...

  1. SaturnV
    1,252 Posts.
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    28/06/12
    13:58
    Post #: 10365320
    So, how does that help devalue the debts? If the debts are denominated in the local currency and the currency has just been devalued against the USD, then the cost of living has risen but local wages haven't. The debt remains, and its harder to pay off. Not sure what you're driving at here Passive, but debt devaluation by monetary inflation isnt it...
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