At least 25% of the world suffers from double-digit inflation, with some regions experiencing hyperinflation that can erode savings and economic security almost overnight. Countries like Venezuela have seen their national currency become virtually worthless due to h...
Reuters reportsthat Venezuela has reneged on its promise to send more oil to Europe, under an oil for debt deal. It wants oil product swaps instead, since it is lacking in its ability to make finished products from its oil itself. It would take a long run of prices much ...
for example. Both hyperinflation and currency instability resulted in a huge GDP crash and rendered its national currency almost worthless. In the wake of this crisis, Venezuela's crypto market began to grow as a
and preserve buying power during times of hyperinflation. Take the recent crisis in Venezuela, where inflation rates recently exceeded 1,000,000%. Owning some physical gold during the Venezuelan crisis would have preserved buying power when it was needed most, while cash became nearly worthless. ...
make progress towards becoming an actual currency. In fact, it remains pretty much useless, other than as a vehicle for speculative investment. As time goes on this makes Bitcoin’s longevity more dubious to me. If we can’t actuallydoanything with this stuff then what is the poi...
The “socialism is like Stalin/Venezuela” arguments are absurd….they are just modern societies and modern, 1st world countries should successfully provide for their citizens and modernize their country. VintageVNvet Sep 30, 2021 at 11:10 am Been many years since buying a ”sit down” ...
Your USD is backed by nothing. It only has value because we all agree it has value. But wait, you say, it’s backed by the US government. Sure, but what’s that really worth in a serious crisis? How’s that working outin Venezuela right now?