- Hyperinflation attacks money at it's core. Business minded people have always known that stashing cash is never a way to get wealth but to get the money working in various ways i.e convert the money into assets that returns money.
How do you prepare yourself?
Here's what I'll do in those 5 years. I'll invest in human essentials as much as my current funds can take me, food especially. And borrow a little to get it working if need be. Because it's clear that food is going to be the most sought after item. Inflation can only drive the price of food up.
- Now concerning the debt question
Will the debts be easily paid off?
I've never done economics and so I really can't give a technical answer to this, but here's what I think.
The amount owed is fixed and not subject to inflation, so I think the debt will be more easily paid off as it isn't dependent on the price of commodities.
Honestly, these interactions are impacting me positively. Talking to people from around the world on various issues is really enlightening me on various topics. @crypto.piotr has been very instrumental. Steem is making me smarter.
Posted using Partiko Android
Dear @naijauser
Thank you for sharing your view on that topic with me. I appreciate it.
Im glad you like it. I also think that finding quality content and promoting it, plus turning into "debate" is way to go far on Steemit. Just have a look at amount of quality comments here :)
yours
Piotr