DugandRupe on Nostr: Gm nostriches. Inflation moves into hyperinflation, not when taxes no longer meet ...
Gm nostriches.
Inflation moves into hyperinflation, not when taxes no longer meet government expenditure, nor when the government chooses to print their way to filling the gap.
Inflation moves into hyperinflation when faith is lost in a currently, and people begin by choosing other assets to store their value in and later look for people who will transact with them directly in their new store of value.
Hyperinflation is not something from the distant past nor distant lands, but happening all around us, now. Ever since we started buying houses to save for the future, the value of our currency started to crumble (I’m looking at your tricky Dicky).
What faith do you have in your local currency that you are using by decree (fiat) that is likely inflating at upwards of 10% a year, today ? Are you actively reducing your exposure to the hyperinflation?
When more people realise this, those running for the exits will transition from a trickle to a flood. Are you positioned? Will you be left to scramble? I’m now accepting I will have assets that will just have to jettison….. such as my house!!!! #bitcoin #grownostr
Rather dark image AI gave me for “hyperinflation in the uk”, is that what ai thinks uk women are like?!?!?
Inflation moves into hyperinflation, not when taxes no longer meet government expenditure, nor when the government chooses to print their way to filling the gap.
Inflation moves into hyperinflation when faith is lost in a currently, and people begin by choosing other assets to store their value in and later look for people who will transact with them directly in their new store of value.
Hyperinflation is not something from the distant past nor distant lands, but happening all around us, now. Ever since we started buying houses to save for the future, the value of our currency started to crumble (I’m looking at your tricky Dicky).
What faith do you have in your local currency that you are using by decree (fiat) that is likely inflating at upwards of 10% a year, today ? Are you actively reducing your exposure to the hyperinflation?
When more people realise this, those running for the exits will transition from a trickle to a flood. Are you positioned? Will you be left to scramble? I’m now accepting I will have assets that will just have to jettison….. such as my house!!!! #bitcoin #grownostr
Rather dark image AI gave me for “hyperinflation in the uk”, is that what ai thinks uk women are like?!?!?