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A sad reality is how true this is. Anyone who had built up savings 10+ years ago was already completely wiped out. The situation will not significantly change
by desine 5y ago
A sad reality is how true this is. Anyone who had built up savings 10+ years ago was already completely wiped out. The situation will not significantly change with this adjustment. The day to day for the common citizen of Venezuela is the same: work as much as you can, and immediately convert your money into tangibles: food, sundries, tools if one can be lucky enough to afford them. These things will continue to increase in cost, wages will continue to increase at comparable rates. It's a trap where one has no choice but to continue producing and consuming, and the money is nothing more than a temporary stopover.
- imtringued 5y ago>It's a trap where one has no choice but to continue producing and consuming, and the money is nothing more than a temporary stopover. You can always save in real assets. Why does everyone want to save in a promise that someone else will work for you?
- desine 5y agoI don’t know but my other comment about a certain hard asset I save in got a couple downvotes. I chalk it up to ignorance being bliss. Nobody wants to think about how easily they can lose it all