Hyperinflation is here already \ stacker news ~bitcoin

135 sats \ 3 comments \ @nullama 6 Mar 2023 bitcoin

Here is the inflation per country in the world

https://i.imgur.com/Y8Rw1ow.png

Different countries have different levels of inflation, from the lowest of 0.77% in Macau to an incredible 156% in Venezuela.

Here's the top 10 countries with highest inflation:

https://i.imgur.com/byY1TyS.png

If you think it's just some poor countries that are struggling, well, the United States is at 6.4%, whereas Ecuador is at 2.9% for example.

Hyperinflation can happen anywhere, and is happening in many countries right now.

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13 sats \ 1 reply \ @Eximpius 7 Mar 2023

The US is more like 15% when you actually do the math the correct way. Not with all the bullshit they do to fudge the numbers and their manipulated baskets.

20 sats \ 0 replies \ @nullama OP 7 Mar 2023

True, but all these numbers from other countries are also fudged, so you can compare them

Just to add for others that might not know why you're mentioning this. The thing that they don't tell you about inflation is that there's a basket, yes, but if the item gets too expensive then they simply switch to a cheaper alternative. So, if beef gets too expensive, they track chicken, and so on. It's clearly not an indication of "real world" inflation.

0 sats \ 0 replies \ @TheBTCManual 7 Mar 2023

All about peoples tolerance for pain right now, as more people fall below the I can't outwork/earn/invest out of inflation and I see my standard of living fall, they'll be more motivated to look for something else, and if people in their country are benefitting from bitcoin, its sure could see people take the flyer that gets them to fall down the rabbit hole