With Venezeula, Iran and now Turkey see massive currency inflation, it has never been more possible for fiat to collapse around the world, the US will not be spared if hyperinflation spreads.
The best thing I can recommend from Venezuela is that you should never vote for someone who calls himself a socialist. Socialists are experts at destroying wealth, printing money without any control, and of course, destroying the economy of countries. And beware, there are many people in the first world who unfortunately say that "socialism is a solution", or that "socialism has been poorly implemented". But NO, in all the countries where Socialism and the Marx doctrine is followed, they end up in the same thing: hunger and misery.
As a Venezuelan I found a salvation in the cryptocurrencies, but many do not know about them, or do not have internet because the Tyranny of Maduro is blocking it, and they are surviving with a salary of less than 5 dollars a month.
Never support guys like Bernie Sanders, or those who talk about equality over freedom.
Am I correct in thinking that inflation means that we will have a $1,000,000 bill...and deflation means that a hamburger will cost $1,000. So at the end of the day both inflation and deflation are sort of similar.
With Venezeula, Iran and now Turkey see massive currency inflation, it has never been more possible for fiat to collapse around the world, the US will not be spared if hyperinflation spreads.
-The ฿itcoin Profiteer
The best thing I can recommend from Venezuela is that you should never vote for someone who calls himself a socialist. Socialists are experts at destroying wealth, printing money without any control, and of course, destroying the economy of countries. And beware, there are many people in the first world who unfortunately say that "socialism is a solution", or that "socialism has been poorly implemented". But NO, in all the countries where Socialism and the Marx doctrine is followed, they end up in the same thing: hunger and misery.
As a Venezuelan I found a salvation in the cryptocurrencies, but many do not know about them, or do not have internet because the Tyranny of Maduro is blocking it, and they are surviving with a salary of less than 5 dollars a month.
Never support guys like Bernie Sanders, or those who talk about equality over freedom.
Roger that!
Deflationary currencies are the future!
Am I correct in thinking that inflation means that we will have a $1,000,000 bill...and deflation means that a hamburger will cost $1,000. So at the end of the day both inflation and deflation are sort of similar.
That's a great suggestion and great datails discuss about crypto market..
Thanks for sharing the details..
I thought Bitcoin was the solution until Wall Street got their hands on it!
Very good article
@marketreport, you are interesting to read!