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| I read Denninger's take on North Korea's currency devaluation.
http://market-ticker.org/categories/3-Musings
A couple of questions.
What happens to the value of an ordinary persons debt when this happens?
Why would it be good to take on debt and then default on it?
If your wealthy why would you go broke if you held wealth in non dollar assets?
Why wouldn't gold be good if this happens?
I normally like Denninger but this piece leaves a little to be desired when it comes to explaining his statements or backing them up.
I think my questions are really relevant to us all if inflation or devaluation is coming!
Edited by buckeye 12/3/2009 05:46
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Devaluations, Denninger
