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Old 18th August 2005 | 12:25
  #5 (permalink)  
whiskey1
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Joined: Dec 2004
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From: N22 E114
Be very careful taking out loans in foreign currency.

Had a number of Australian Farmers take out US Dollar loans, think it was in the late 80's, Australian dollar crashed and poor farmer ended up owing twice what they borrowed in a matter of weeks.

Some walked of the land some sadly carried off, a few in boxes!
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