“You knew what the banks were doing and yet were touting it for months and months – the entire network was. And so now to pretend that this was some sort of crazy once in a lifetime tsunami that nobody could have seen coming is disingenuous at best and criminal at worst.”
– Jon Stewart to Jim Cramer

8 Comments

  1. Hyperinflation is the necessary step to help the average American out of trouble. When hyperinfation takes place, old debts such as credit card debts, and mortgages get paid off very quickly, as the old debt grows slower than the rate of hyperinflation. Fixed mortgages will make the bank lenders cry, but the average person who is mired in debt over their heads will be free. Sure, they will be broke, but not being too much in the hole will put the average person in a better spot than before. And when the economy stablize again, they will now have owned their homes that they were worried about not being able to pay even the interest on the mortgage before. People will own their cars that they are financing as well. So while they will have no much of a savings, this should be of a little concern since most middle class people don’t have any savings, and even if they do, their debts are bigger, so in total, they will gain.

    I am hoping that hyperinflation can come and bring my student loans, credit card debts, mortgage, and car loans out of the way.

Comments are closed.