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Originally posted by Pelvi
reply to post by jakeistheone
It may mean that our currency will be highly devalued, and that 1000 would turn to say 15000. Making 15000 with no job because there are no jobs in this situation would be impossible, so therefore everything would be repossessed in order to get the money back.
just a guess btw
"Anyone who borrows money for at least five years will lose everything they have."
Originally posted by TheRedneck
"Anyone who borrows money for at least five years will lose everything they have."
Originally posted by Zarniwoop
"Anyone who borrows money for at least five years will lose everything they have."
Anyone who borrows money with a 5-year payback term?
Anyone who borrows money between now and 5 years from now?
Borrowing from a bank, a credit union, a private party?
Will lose everything...money, home, Netflix subscription, hair?
What?
Originally posted by underduck
Originally posted by TheRedneck
"Anyone who borrows money for at least five years will lose everything they have."
I am lost on this as well. If the value of the dollar goes way down anyone in debt now is screwed already so ... Im boned. Sounds to me like the senator made an awkward comment and may have misspoke slightly. Unless he is just saying that everything financially is going down the toilet so minimize risk and dont go "futher" into debt.
Originally posted by underduck
Originally posted by TheRedneck
"Anyone who borrows money for at least five years will lose everything they have."
Unless he is just saying that everything financially is going down the toilet so minimize risk and dont go "futher" into debt.