re: #273 Blind Frog Belly White

Also, no, hyperinflation is NOT the same thing. Hyperinflation would essentially zero out EVERYONE’S debts, because they’re ALL denominated in dollars.

There are a lot of ways for things to be completely fucked up without them all being the same thing.

To understand this, let’s say my mortgage principal is $1 Million. And let’s say we get hit by hyperinflation, such that today’s dollar becomes worth $0.001 dollar (1000X inflation). I can now pay off my mortgage for the equivalent of $1000.

That, BTW, is way less than Venezuela’s rate of inflation.