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If the US dollar is devalued, will our debts also be devalued as well?
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[quote:GeosAlien 975226:MV8xNzgxNjEwXzI5NTk5MzQyXzMwMDFGQjEz] It is simple. If the debt is in USD, nothing changes for you in the USA. The creditor who the dollars are owed to, will receive much less for the same number of dollars. But if you in the USA want to buy imported goods, say a Ferrari car, than the umber of dollars you need to put on the table is shooting up. :happyheart: [/quote]
Original Message
Leta say Bernanke devalues the US dollar 33 percent or even worse comes out with a new currency. Will our debts and credit card balances be increased accordingly to compensate the banks for their losses or will they have to accept the same dollar devaluation?
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