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2023-09-20 12:37:49

laura on Nostr: Hyperinflation doesn’t look like you think: In popular imagination, hyperinflation ...

Hyperinflation doesn’t look like you think:

In popular imagination, hyperinflation evokes images of impoverished citizens roaming the streets with bundles of devalued currency, desperation palpable in every corner, chaos unfolding, and criminal activities escalating.

Yet, reality often presents a more nuanced picture, showcasing the indomitable human spirit and its capacity to adapt. Take Turkey as an example. Far from the stereotypes, it's a vibrant nation with its citizens displaying resilience and intelligence in the face of economic challenges.

The people here have cultivated a habit of seeking safety in tangible assets like gold, stablecoin and bitcoin, shielding their wealth from the eroding effects of hyperinflation.

Such practices reflect not just an economic strategy but also a deep-rooted cultural wisdom, passed down generations, about the impermanence of fiat currency and the enduring value of precious metals.

This narrative shatters the simplistic understanding of hyperinflation, emphasizing instead the versatility and determination of communities to survive and thrive amidst adversity.

We are amazed and full of appreciation for the people of Turkey. 🧡💪
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