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Yes Boz. Hard to see how in an economic crisis caused by excessive private and government debt, that you win by holding a lot of debt and those holding cash lose. Gotta be more to it than that? See ya's.

Very interesting. Thanks for that. Hard to see how highly geared resi property investors would fair badly though, or at least worse than anyone else. It looks like those who had all their assets as cash lost everything. Those who had high debts had the debts eliminated by inflation. People...

In Zimbabwe in 2008, prices of everything were doubling in a day. In Germany in 1923, prices were doubling in 4 days. What happened to people with debt? Wouldn't this mean the debt disappeared to nothing in a short while? Or did interest rates take off even quicker? Or did banks call...