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RE: LeoThread 2024-12-05 09:39

in LeoFinance11 months ago

Part 6/10:

Historically, hyperinflation leads to a phenomenon known as the "crack-up boom," where people desperately try to exchange rapidly devaluing currency for tangible goods. Observations from past economic collapses suggest that once the general populace grasps the permanence of inflationary policies, a rush to convert cash into real assets will ensue. Subsequently, fiat currencies may swiftly lose their function as mediums of exchange, turning into worthless scrap paper or digital entries.

The specter of this crack-up boom looms as the collective consciousness begins to recognize the futility of continued currency inflation policies.

The Cycle of Debt and Currency Devaluation