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Reply #4: I remortgaged my house two years ago for this reason. [View All]

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screembloodymurder Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-10-08 10:45 AM
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4. I remortgaged my house two years ago for this reason.
Took the cash and put it in euros. Each year I use the interest to buy a tax deductible IRA. Net return well over 20%.
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  -OK Here is a contrarian view of the Economic Collapse advice.... Blackhatjack  Mar-10-08 10:33 AM   #0 
  - That only works w/fixed rate loans. n/t  Fredda Weinberg   Mar-10-08 10:36 AM   #1 
  - I like everything you say UNTIL it comes to acquiring more debt. nt  jwirr   Mar-10-08 10:37 AM   #2 
  - IT is contrarian logic ... but it raises some interesting possibilities...  Blackhatjack   Mar-10-08 10:44 AM   #3 
     - I'm spending on staples...  Viva_La_Revolution   Mar-10-08 11:23 AM   #9 
        - Be sure to do some research into storing food items in plastic.  Mugu   Mar-10-08 11:45 AM   #14 
           - Short term, I think I'll be ok...  Viva_La_Revolution   Mar-10-08 01:32 PM   #16 
              - You are correct that short-term plastic shouldn't be a problem.  Mugu   Mar-10-08 01:39 PM   #18 
  - I remortgaged my house two years ago for this reason.  screembloodymurder   Mar-10-08 10:45 AM   #4 
  - technical question  kineta   Mar-10-08 11:30 AM   #10 
  - That is True,  ribofunk   Mar-10-08 10:48 AM   #5 
  - Simple example....  Blackhatjack   Mar-10-08 11:01 AM   #6 
  - The dollar is weak as compared with other currencies.  Snarkoleptic   Mar-10-08 11:03 AM   #7 
  - Remember taking out a loan in dollars benefits you only if you convert them and not hold them...  Blackhatjack   Mar-10-08 11:09 AM   #8 
  - Here's the problem.. IF you have money NOW, and you have debts  SoCalDem   Mar-10-08 11:30 AM   #11 
  - Ding Ding Ding...we've got a winner!  Snarkoleptic   Mar-10-08 11:32 AM   #12 
  - Contrarian view would be Doom and Gloom BS is just the usual election year psy-op  L. Coyote   Mar-10-08 11:37 AM   #13 
  - This is an attitude that was prevalent in the late seventies  Winterblues   Mar-10-08 11:51 AM   #15 
  - Reagan had nothing to do with it. Paul Volcker did. He was Chairman of the Federal Reserve.  Selatius   Mar-10-08 02:17 PM   #20 
  - Only true if the change due to inflation is more than the interest you pay on the loans  bean fidhleir   Mar-10-08 01:38 PM   #17 
  - Seems reasonable enough to use credit cards to buy staple foods, gasoline,  DemBones DemBones   Mar-10-08 01:48 PM   #19 
 

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