Got about $6000 left on a truck note. If I get $75,000 cash inheritance do I pay it off? Do I cancel the insurance I've been forced to pay? Afraid the bank's will fail so I'm wanting assets. Will buy gold, food, ammo of course. What about $4000 for a wolf hybrid. You feel me?

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[–] • 4 pts

what's the interest rate? if its under like 5 or 6% why pay it off. if SHTF then why care?

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[–] • 2 pts

That is something to think about, damn. Thanks.

(Well I would have an asset is my thinking, free and clear.)

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[–] • 2 pts

Yea my thought is that if hyperinflation hits that 5k will be like buying a subway sandwich. If you expect inflation then now is the time to borrow actually. You are borrowing "expensive/ valuable" money and will repay it with "less valuable/ cheap money." Personally i've refinancanced my property since i think in a few years my payments will amount to a days work or so while i can increase the rents to keep up with inflation.

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[–] • 1 pt

> If you expect inflation then now is the time to borrow actually.

Exactly, so it's actually tricky, how much longer will the can be kicked? Is it possible to avert hyperinflation (I doubt it and even so no banker will have the will do that and take the pain and blowback, which is actually very much needed).

Yeah, I hope it works out for you about your house.

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