@Shinobufag Whether we like it or not, this is unironically what people in high inflation environments do with their money. Of course it is -- If you can buy half as much tomorrow, then you'll buy everything you can today.
Smart people would use their depreciating money to buy something that will hold its value whatever the currency falls to.
Smart people would use their depreciating money to buy something that will hold its value whatever the currency falls to.
@Shinobufag It can be both spending and investing. The word spend can mean to use up or expend, and that's what you're doing.
The key is to get your money out of the depreciating currency as fast as possible and into either consumables or hard assets. Even better would be if you can trick the bank into giving you a loan at a fixed rate, spend the money, and pay it back with tomorrow's devalued currency. Then the bank is effectively paying you to lend you money.
The key is to get your money out of the depreciating currency as fast as possible and into either consumables or hard assets. Even better would be if you can trick the bank into giving you a loan at a fixed rate, spend the money, and pay it back with tomorrow's devalued currency. Then the bank is effectively paying you to lend you money.
@Shinobufag Fair enough. I remember the George W. era where he said basically "be patriotic. consooooom"
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