What happens to debts during hyperinflation?
🗣️ DISCUSSION 💬
Just trying to wrap my head around hyper-inflation. If the US Dollar goes the way of the German Mark from 1923 and the USD is worthless what does that do to existing debts? If I could walk out onto the street and scoop up $500,000 from the gutter could I pay off my house? I'm sure the banks that hold the mortgages have safe guards in place to protect them. What am I not understanding?
Hyperinflation rewards debtors and punishes savers.
That's why my "savings" is done through stacking and stocking up.
Stacking? as in silver and gold? Stocking up? as in food?
Food will definitely serve as a great currency should we get there.
Yes, yes, and yes.
Also, preparedness in other areas, such as solar power, propane, canning, tools, garden, seeds, books, etc.
Where do I buy silver? I 2ant to get my hands on some physical metal.
https://findbullionprices.com/closest-to-spot/
This is where I always go to find the best silver/gold prices. They compare every bullion dealer and show you the cheapest in a very simple breakdown.
Wish I had found this site years ago LOL