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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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55121566 No.55121566 [Reply] [Original]

How does life differ in a perpetual high inflation economy?
What do Turks/Argentinians buy for store of value, other than crypto?

>> No.55121598

dollars, store of value is relative and in those brownoid shitholes the dollar is a decent store of value

>> No.55121740

>>55121566
>>55121598 is right, Argentinians do a lot of business in black-market USD, often at a discount. And no, none of them give a shit about boomer rocks.

>> No.55121753

>>55121566
Believe it or not - Tether is fucking huge.

>> No.55121801
File: 3.61 MB, 1920x1080, 1675257997526937.png [View same] [iqdb] [saucenao] [google]
55121801

>>55121598
If I live in South America what incentive do I have to not just counterfeit a bunch of dollars and use those?

>> No.55121819

Another
>PLEASE BUY MY (((SHITCOIN))) goys
>WE WILL TOTALLY NOT KEEP DEVALUING IT
>hey mustafa, you want some dollar loans?
fucking yids

>> No.55121823

>>55121753
Same in China, if I want to buy a fake Rolex or whatnot, they give discounts for paying in USDT.

>> No.55121934

>>55121753
Coffeezilla said Tether was a scam tho

>> No.55121942

>>55121801
The secret service will sodomize your anus

>> No.55121958

>>55121942
or his clients

>> No.55122411

>>55121566
>t. living in hyperinflation
>>55121753
even here
but people who do enough research realize like our local currency, you can't and SHOULDN'T peg shit
XMR is what BTC was supposed to be and makes banks seethe
keynesians deserve the rope
supply side economics are the way
learn to live minimally bros
stack crypto/metals
hoard food/meds/ammo

>> No.55122424

>>55121740
they love boomer rocks
Lebanon is the most hyperinflated country and the worst financial crisis since the 1850's

>> No.55122454
File: 2.87 MB, 540x960, Venezuela NOW.webm [View same] [iqdb] [saucenao] [google]
55122454

>>55121566
uh..... chunks of gold ore?

>> No.55122550

>>55122411
real life short seller. most important thing are weapons to defend your property.

>> No.55122939

>>55122550
I have to
I'm in loan shark debt

>> No.55122965

>>55122939
even if this debt were to be paid off you would find a way to get back into debt gambling
this poverty mindset is why your country is in the mess its in

>> No.55123016

>>55121934
why don't you give your money to Coffeezilla to invest for you then, manchild?

>> No.55123335

>>55122965
debt gambling?
I lost my savings in the crisis and had to take around 8k to pay for my parents bills and health insurance

>> No.55123417
File: 99 KB, 750x592, Leb Phoenix.jpg [View same] [iqdb] [saucenao] [google]
55123417

if anyone can unironically help me out I'd highly appreciate it
XMR:
89EwAxkxTxx9czgzGUcegZj5C9FhNojnBMAEJoesfn7gP8YXzq5n3caZbvMY3JxMZTMVgh8dbpojSSRX4Ujk86wAB8U6wx9

BTC:
3MeRA1HNSM5YR6GXir2QPeFJUU5RmscAGx

>> No.55123672

>>55121823
Interesting. I'm curious what network they use for the transactions.
For a Rolex, I could see Eth being fine since the gas is no biggie.
Afaik a lot of people use Tron, BSC(maybe Arb and OP now too?) to avoid the gas man.

>> No.55123800

They don't buy anything. It's spent on weekends at bars and parties. Why they are so good at it.