>hyperinflation is coming any day n-ACK!
Hyperinflation is coming any day n-ACK!
That chart is very inflationary. Higher loans is inflationary because more debt is being created.
>debt
>inflationary
It is tho
Debt is literally negative money
>2019
Where the fuck are people getting loans for 300,000?
I can't even get my credit limit increased and I have an 800 credit score
OP, you don't know shit about money, do you?
Taking a loan means the money is created for it. Paying back a loan. Money is destroyed.
It also means that 50 million American households will be paying down an average upwards of $280k over the next 30 years
your debt is someone elses asset. disregarding that banks create the money from nothing still doesn't mean that debt is a negative on the system
Holy fucking midwit
I hate having such high intelligence because I have to deal with retards like you everyday
It's an asset because I'll be paying back my debt. Money paid back is money that exits the pool of available cash. Which is deflationary.
>200K in 2008 is equal to 280K from 2019
Now post the data for 2020 and 2021 and 2022
I would kill people like you if I could get away with it.
once you pay it back they will lend to someone else, only rate increases can shrink the banks ability to lend. you personally paying back your loan does nothing unless they cant afford to underwrite a replacement loan
I never said regular inflation wasn't coming/isn't here.
uh oh, you're retarded
>once you pay it back they will lend to someone else
And people had finished paying it back before I was lended it as well.
Congrats you’re dumber than a nigger
loan taken out = money created
loan paid back = bank gets money
that money is not destroyed
no, that user was wrong. the money was created when you borrowed it.
>loan taken out = money created
Yes.
>loan paid back = bank gets money
>that money is not destroyed
No. The only money they net is interest on the debt, plus assorted fees (which comes out of my pocket).
And it was destroyed when I paid it back.
wow infinite money glitch! no wonder us inflation is so high! hope they can find out a similar trick to inflate your IQ