Sorry if I offended you dekster, don't know why you had to insult whether I was around. Just trying to figure out what happens if we have to turn in $$ for devalued replacements some day. If you had been around, you would have a real answer for me that would help me. There are other countries...
Sorry, guess I should have used "fixed rate" in title. I am trying to figure out if a person has a $500 mortgage payment today and the dollar is devalued tomorrow 10-1, a one dollar loaf of bread would go to $10, but what would happen to contractual things like mortgages or other commercial paper?
Greetings!
With all the apocalyptic theory flying around these days, I was curious about the effects of hyperinflation on mortgages etc. I've read of the Germany thing years ago with a loaf of bread going from $1 to thousands of dollars more or less overnight, but the price of bread is subject...