Hard to feel secure in the Inflation Era — @idiosyncratic1 on read.cash

@idiosyncratic1 11 December 2021 more from that month

Hard to feel secure in the Inflation Era To be honest, I do not even want to go the a supermarket to see the increasing prices of the most essential things like food, beverage or house things. When the pandemic started, many people talked about the side effects of lock downs all around the globe. Besides the side effects of pandemic, the global economy is also in the verge of deep corruption. We can clearly see that the #debt economy is fading away with its harsh side effects on our lives. For several years, #crypto was a side hustle for people to make some gains and catch up with the developments. However, as the time passes, the main hustle became useless for people in developing countries to spend their valuable time on. It gets really complicated as the fiat currencies lose their purchasing power. The sad thing is that we have no other choice but for trying to save our #budget against any possible crisis 😓 Life is in expert mode 🙄

1 comment

@achim03 11 December 2021

I helped my sister in law to buy a flat in istanbul and I see how the Lira is devaluating at high speed. I sincerly hope that this inflation can be stoped but the problem of inflation is that it is followed by a loss of trust which in turn fuels inflation... The more I see this, the more I think that crypto will play an important rule in all these countries hit by inflation.