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Srchr's avatar

For my part, I would like to understand what may happen to debt on a personal level should fiat collapse. For example,

- if one has a loan at an interest rate they can afford right now, and the market/economy crashes and fiat loses its value, I would think that one would still owe the same amount at the same interest rate (ie if the rate is locked in) ….. and if one has precious metals, which will then be worth more if sold for greatly devalued fiat, then it would be easier to pay off the loan.

Is this correct thinking?

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James D Sourant's avatar

Very good question from Stoneybroke below!

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