Question... how does he get those new higher denominated bills? Does he exchange what he has for new bills with higher denominations?
Here's why I ask: some day will I be able to exchange a $100 bill inthe US for $100,000 bill and send it to my mortgage company topay off my fixed rate and fixed amount mortgage?
I realize that there would be other problems, but if that's possible I would want to do it.
And that's why we're in this mess: Boomers took inflation as a good thing, because it let them buy high-value things and pay them off later.
What they failed to realize is that the real value of the money they were making was disappearing. Many, maybe even most, went their entire lives without a significant raise, precisely because of that inflation. They're still making as much in real value as they were as kids picking berries on farms. And their kids and grandkids never had a shot at those kinds of earnings.
Given that I am not a boomer and have a mortgage like many Americans, and given that we are seeing the end of the dollar, I am just wondering if there is a way to get some benefit out of it.
Pretty big assumption you're making. And... I think paying off my house is a pretty big deal since we all know that no matter what happens the system will never forget your mortgage. I am well-prepped to not have to need bread or other food for quite some time. We all prep in our own way.
Question... how does he get those new higher denominated bills? Does he exchange what he has for new bills with higher denominations?
Here's why I ask: some day will I be able to exchange a $100 bill inthe US for $100,000 bill and send it to my mortgage company topay off my fixed rate and fixed amount mortgage?
I realize that there would be other problems, but if that's possible I would want to do it.
How do you get the higher-denominated bills?
And that's why we're in this mess: Boomers took inflation as a good thing, because it let them buy high-value things and pay them off later.
What they failed to realize is that the real value of the money they were making was disappearing. Many, maybe even most, went their entire lives without a significant raise, precisely because of that inflation. They're still making as much in real value as they were as kids picking berries on farms. And their kids and grandkids never had a shot at those kinds of earnings.
Luxuries get cheaper at the cost of survival.
I agree.
Given that I am not a boomer and have a mortgage like many Americans, and given that we are seeing the end of the dollar, I am just wondering if there is a way to get some benefit out of it.
So, you'll pay off your house, but won't be able to buy bread.
Great benefit.
Pretty big assumption you're making. And... I think paying off my house is a pretty big deal since we all know that no matter what happens the system will never forget your mortgage. I am well-prepped to not have to need bread or other food for quite some time. We all prep in our own way.