Comment: On the one hand

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On the one hand

The action and motivation behind it is sickening. It's becoming harder and a little more sickening each time to hear stories like this of all the "charge it to our kids and grandkids and let them worry about it".

That being said, if the loans are in dollars, then they'll probably get out of paying anything at all when the dollar collapses, so it might end up being beneficial to the area in the long run in that event.

I highly doubt that that was the financial consultant's plan or strategy though and that would be the result despite this irresponsible advice, not because of it. Too bad he's not advising them to use the saved money to invest in precious metals, then they'd be set.