Part 6/16:
In the UK, inflation remains a stubborn reality, and the same dynamics play out across the globe, including in developing economies like Lebanon and Argentina. Preston shares striking stories of hyperinflation and currency collapse in Lebanon, where the local currency's worth has plummeted, and cash is used merely as change in exchange for US dollars. Meanwhile, Argentina’s economy faces similar struggles, with inflation running at over 150% in some cases—an economic environment where citizens see their savings vaporize and their currencies rendered useless, underscoring that hyperinflation is not exclusive to emerging markets.