hyperinflation can wipe out your debt, page-2

  1. 1,418 Posts.
    kincella,

    you must also mean a fixed loan. Banks aren't stupid; well not that stupid. They ain't gonna lend money out for a real loss. So unless banks are forced to leave interest rates unchanged by government - you'd better fix your loan or stop praying for hyperinflation.

    I don't think that even Rudd would force banks to leave rates unchanged midst a bout of hyperinflation.

 
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