When the central bankers and the governments created the fiat money system, they knew a couple of key things. Not one man in a million understands inflation and also that people marry the legal money of the state, that people think that this money must regain some of its former purchasing power. The problem is, is that it never does. I know that it’s hard for most people to imagine that a hyperinflation event could come here. When the central bankers and the governments created the fiat money system, they knew a couple of key things. Not one man in a million understands inflation and also that people marry the legal money of the state, that people think that this money must regain some of its former purchasing power. The problem is, is that it never does. I know that it’s hard for most people to imagine that a hyperinflation event could come here.When the central bankers and the governments created the fiat money system, they knew a couple of key things. Not one man in a million understands inflation and also that people marry the legal money of the state, that people think that this money must regain some of its former purchasing power. The problem is, is that it never does. I know that it’s hard for most people to imagine that a hyperinflation event could come here. When the central bankers and the governments created the fiat money system, they knew a couple of key things. Not one man in a million understands inflation and also that people marry the legal money of the state, that people think that this money must regain some of its former purchasing power. The problem is, is that it never does. I know that it’s hard for most people to imagine that a hyperinflation event could come here.

CHAPTERS:

0:00 Hyperinflation
2:03 Argentina
5:19 Devaluing Peso
8:37 Price Hikes
10:00 America Shocked By Inflation
10:35 Spot Gold to Peso

SLIDES FROM VIDEO:

SOURCES:

https://www.bloomberg.com/features/2023-argentina-presidential-elections-inflation/?sref=rWFqAg1Y

Argentina to Devalue Peso by 18% to 350 Per Dollar, Official Says – Bloomberg

Argentina Devalues Peso, Hikes Rates After Milei’s Election Win – Bloomberg

Argentina’s Small Business See 20% Overnight Price Hike From Suppliers – Bloomberg

For Americans Shocked by Inflation, Argentines Have Some Advice – Bloomberg

https://www.xe.com/currencycharts/?from=XAU&to=ARS&view=1W

Argentina to Devalue Peso by 18% to 350 Per Dollar, Official Says – Bloomberg