Living under inflation or hyperinflation reality

Greetings my Bitcoin mates. I do not know the place most of you come from, so, please permit me to imagine that almost all of you come from developed nations the place inflation has not been an issue (at the least for the final 50 years).

Since March 2020 the world is going through the Covid-19 pandemic and some of the evident signs or penalties of it’s the disruption of provide and manufacturing chains all around the globe, the acceleration of quantitative easing and for final however not least – INFLATION.

Inflation is a direct consequence of the limitless cash printing frenzy from the governments, and, I’ve to let you know guys – dwelling with it’s onerous!

I used to be born and raised in Brazil. Again within the Eighties, we suffered from hyperinflation and typically we had [monthly inflation of ]([over 80% in 1990](!

Consider me or not, I’ve critical issues with inflation and this can be a childhood trauma I’ve. My mother and father have at all times been hard-working folks and since I used to be born till the creation of the Brazilian Actual (the present nationwide foreign money) and the brand new financial plan that allegedly stabilized the financial system (despite the fact that, since 1994 the [BRL]( misplaced over 90% of its buying energy as a result of, guess what, inflation! – and this yr alone we misplaced 40% face worth in opposition to the USD) I noticed my mother and father lose our home, the automobiles and we actually grew to become decrease center class due to inflation.

After all, I do know many individuals around the globe confronted and nonetheless face a lot worse dwelling circumstances, nevertheless, the primary level right here is to warn you of all the hazards inflation and hyperinflation deliver!

Thankfully, now we have Bitcoin and different cryptos to guard us from the federal government, from the depreciation of fiat foreign money, and to unshackle us from the financial jail!

This is to bitcoin!

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