Name: Venezuela - The Effects of Hyperinflation 🖨️💸💸💸💀
Uploaded: 2023-09-14T19:27:00+00:00
Duration: 1 min 37 s
Description: Think it can't happen in Europe or America? It will, but at a much slower pace, unless some other currency (possibly BRICS) introduces a Sound Money alternative that holds its value, or appreciates ra

2 years ago

188

Venezuela Central Bank Money Printer Fiat Inflation Hyperinflation Federal Reserve Paper Money

Think it can't happen in Europe or America? It will, but at a much slower pace, unless some other currency (possibly BRICS) introduces a Sound Money alternative that holds its value, or appreciates rather than devalues over time, then you'll see the Euro and/or US Dollar rapidly begin to collapse into Hyperinflation at record speed, especially if they lose 'World Reserve Currency' status. Once that happens, you will see a situation like Venezuela, Argentina, Zimbabwe, etc., have experienced.

El Salvador made the right decision by making Bitcoin legal tender, but it may take a decade or two before that bears fruit. If it does, you may witness a complete reversal of history, where Latin American countries become incredibly prosperous like the days of old, while Western nations become poverty stricken.

Everyone should own some Gold, Silver and at least 0.1 Bitcoin with the intention of holding it for 10 years or more. You'll be thankful you did.

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