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RE: Crypto: Hope for Venezuela?

in #crypto6 years ago

Thanks for reading my article appreciated friend @crypto.piotr

As for mortgages: the government regime with its totalitarian character sets the interest rates for banks, drowning them too.

from my understanding hyperinflation can "reset" debt very easily. So those who owned money to the bank then year later those debts would be very easily paid off. Is that correct?

This is true. The amounts of the debts become minimum amounts.

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so at least debts are not a real issue for those affected hyperinflation?

The point is that credit cards limits are ridicoulosly low and banks usually don't adjust to the inflation, also i think the Banks are finding ways to stole your money, for example I used my debit card and the commerce gave me the ticket wich said the card didn't pass then the Bank actually charged me that ammount and never responds when you send proofs to their emails or call..the same has happened to family and friends that's sad

Omg. That's already awful @jenina619 :/

These things happen everywhere. A friend from the USA was staying with us in Holland. His bankaccount was robbed in Texas (does not live there), he could prove where he was but no refund. Banks are there to steal, get rich, not there to help you out.

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