Kristyne McDaniel wrote: > Nicholas, > > >> Ricardo, you need to understand the concept of money. >> It is irrelevant whether the rich have their worth in >> cash or other instruments. It is still "money" and is >> directly affected by inflation; everything they buy >> including other investment instruments will go up >> in price. >> > > Another feature of inflation is that all of us with mortgages or other loans > wind up repaying them in inflated dollars. That fact does even out some of > the impact of inflation on both the rich and the poor, although the poor > obviously are more severely impacted because of the rise in rent, food, and > other goods. >
Unless your loans are somehow tied to inflation. Right? In which case you will loose big. Because your income will not be tied to inflation. --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
