how to get by in a dirt-poor country with hyperinflation and prices like new york city

Read the article. People moved most of their "wealth" from government backed fiat to decentralised currency.

Let's see what happens in Venezuela. Govt. could not repay debt and is rumored to sell it's gold.
People also heavily rely on BTC there...just food for thought.
 
Uhm... there has been hyperinflation for multiple years... it's been a lot less since the move to USD. And now people bought some bitcoin in low volume at the absolute high.

They don't rely on bitcoin over there... they don't have much and anything they make in their local economy is going almost instantly to basic necessities.

How is bitcoin suddenly the answer? It's not....
 
JackRab said:
Well it will when they finally take the correct side of true democracy... the people. I think Mugabe initially bought military support as well.
More...
Venezuelans voted themselves into a dictatorship under the banner of equality for all. now the people of venezuela have equality. they are equally poor i.e. starving except for the elite. don't fool yourselves. the US constitution and Bill of Rights could not pass into law today.
 
Last edited:
Mugabe is history. He has gone. Yes he had to do what the army told him. They wanted land so he got rid of the very prosperous white farmers to give their land to the military who had no idea of farming. So there is starvation in Zimbabwe. The currency became so debased that a trillion dollar bank note could barely buy a loaf of bread.
 
Humpy said:
They wanted land so he got rid of the very prosperous white farmers to give their land to the military
More...
"very prosperous"
does your philosophy incline you to dislike being "very prosperous" ?
 
You must log in or register to reply here.
Back
Top