No currency is immune from hyperinflation.

in #money7 years ago (edited)

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An attack on a nation's currency by an outside force is a declaration of war. The response by the targeted nation depends on where they fit on the chessboard.

With all due respect to the country I love, Jamaica is just a pawn. Many pawns of the world have already lived through hyperinflation in our lifetime. Giving us a distinct advantage over the areas of the world who have not. We will survive another one whenever the $USD undergoes its controlled demolition. Will you?

What might be theory is our every day reality. Not too long ago, this $20 bill was nearly parity to the $USD. Today, the coin is $20. Which is equivalent of $0.25 USD. Inflation engineered by central banks against the spending power of ordinary citizens is absolutely ruthless. Fortunately with the access to information we have today, it's difficult to imagine living through an event like this again and not understanding how and why it happens.

It is why we must give thanks today for Bitcoin (Gold 2.0) & other cryptos. Tomorrow doesn't exist until we arrive there and it will definitely take care of itself. Anything is possible. In these moments regardless on what side of the trade you are on, you will encounter the best and worst of humanity simultaneously. Always be your best.

Dont forget to resteeem, upvote, and follow. Respect and manners.