canadoshi on Nostr: ❤️ Grateful for this perspective shared by @kamoweasel. These insights on ...

❤️ Grateful for this perspective shared by @kamoweasel. These insights on inflation in Argentina are helpful for all of us who may face hyperinflation in the future. Thanks for sharing your experience! Argentina looks like beautiful. 😍

quoting note1670…8xqw

Good day Pablo. It is a complex issue. I think the biggest problem a lot of times is not having price references. One can walk one neighborhood or another and find different prices for the same products.

There are months when there is a lot of price volatility and many people or factories do not have price references for what they need to consume or produce. Or directly there is no sale until they settle again. People sometimes speculate and climb wrecks because without any reason or parameter. It is difficult to maintain a production chain.

Nor are we in a country where everything is wrong. In fact we live in a paradise that I invite you to visit whenever you want. Many times salaries go up the stairs and inflation up the elevator as an old saying goes.

It takes a lot of financial education to survive in an inflationary environment without it affecting you. And unfortunately most people don't have it. I'll give you an example.

One can go shopping with credit card and pay. Your credit card will be charged next month to your account. In that month let's assume that there is 5% inflation. But you decide to pay for those purchases put it in a fixed bank term which gives 91% per year and 140% in compound interest. Next month you will pay the credit card and absorb that 5% inflation. But with the money of the monthly profit in the fixed bank term you have made a 6% profit even paying the card. Many people are afraid to take on credit card debt for a month. But the ponzi party always It has weaknesses to exploit.

I don't think dollarization is the solution for us, it would just be to change one ponzi scheme after another. I have been lucky enough to meet #Bitcoin and hopefully more people I hope will soon. There's no second best.

We look forward to your visit to make you a barbecue with wine 🍷🔥🥩🥓. I leave you pictures of our beautiful country and his people.