View Single Post
Old 02-05-2013, 15:01   #23
Bruce H
Senior Member
Bruce H's Avatar
Join Date: Dec 2000
Location: missouri
Posts: 4,931
Originally Posted by Glotin View Post
The posted article states that billionaires are selling off major positions but fails to point out that they are reinvesting that money elsewhere in the stock market. Buffett has been buying Wells Fargo and IBM nonstop for a while, among others.

How does having absolutely no debt help in a hyperinflation scenario?

That's cool that you have a farm. I want one of those once I get out of the military and settle some place.
If one doesn't have debt one doesn't have to worry about interest payments on loans. I remember the 22% and higher in the late 70's. I paid the interest on what debt I had. I survived but never again.
I try to take one day at a time, but sometimes several days attack me at once.
Bruce H is offline   Reply With Quote