Reply #14: Very simplistic logic here friends, but why would this not be a wise move?

[Blackhatjack]

Instead of paying off our debts in full by sacrificing our homes and other assets --why not borrow all the money we can get our hands on and invest that money today in foreign markets/currency?

If the market tumbles and the value of the dollar takes another steep drop, the 'value of the debt' would become less --meaning that the debt in terms of dollars should be easier to pay off with foreign currency. Right?

So if the US currency were to drop another 25%, and we invested those dollars overseas, then we could use those overseas assets to pay off the existing debt and get an additional 25% buying power in doing so.

Seems to me that this is what the wealthy intend to do, along with use the foreign invested money to pick up discounted US assets that had to be sacrificed because of the collapse.