Hyperinflation, the extreme form of inflation, has been a never-ending plague on fiat currencies, although for most people it has been a remote reality. Venezuela’s currency, Bolivar, has lost it 99 percent of value in the past four years. Consumer prices in Venezuela jumped 741 percent year-on-year in February of 2017. Now 1 Bolivar worths less than 1 Satoshi; In other words, 1 Bitcoin can be exchange for 100 Million Bolivar.
In comparison, US Dollar is in a much better shape, only losing 96 percent of its value in 102 year from 1913 when US started it journey to depart from the Gold Standard to 2015. If Venezuela’s hyperinflation is an acute disease, the much more gradual inflation of US dollar since Fed took over money supply is definitely a chronic one. While the consequence of untreated acute diseases is obvious to everyone, the real danger to humanity come from chronic diseases.
There are two ways to express power in this world: voice and exit. When voice is no longer sufficient, exit is a more powerful express. Exit means getting your money out of the system, and getting yourself out of your system. Reduce your exposure to the system. https://youtu.be/PGTSTlaVn64