Who said inflation is bad. With this new government bailout package, the reserve is going to print more money thus devaluing the already devalued dollar.
The good news -- im up to my asshole in debt, and all of that debt is at fixed levels. So my debt of 120k is at todays dollars, when I repay it, it will be worth substantially less. The banks are going to get fucked even harder than they already are!
Yay to inflation!
Saturday, October 4, 2008
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