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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (9839)	11/27/2002 2:23:41 PM
From: eddieww	Read Replies (1) \| Respond to of 89467

One would need to have already done their spending. Workers would have to spend a lot of their time re-negotiating their wages twice a day, lol. The people who did the 125% cash-out re-fis at 6 1/4 fixed to buy new cars, boats, etc., would look like genuises with the prime rate @ 25%. The few j6p net creditors would get screwed, but that's the small minority. Those with gold would do fine until govmnt pulls an "FDR" and makes holding physical illegal. I remember the black market in Krugerrands back in the '70s when the inflation handwriting was on the wall, but it was still illegal to own gold.