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RE: How do you see crypto with the present inflation?

in LeoFinance2 years ago

Oh wow! Achim bro, it is super cool to see you back and hear your voice again, I literally missed you, zoltan is the witness. hehe :D

We have a very bad economic situation and that mostly because of corrupt system and circulating debts, which causes an automatic inflationary phenomenon every then and now, and it is keep inflating prices of goods on exponential terms in local currency.

A year ago I bought $1 in Rs. 175 and a few days back it was Rs.250, this situation keeps grossing more and more for common people, who can't even afford a full meal for their families in these harsh economic conditions.

I fear the economy of the country might collapse like Sri Lanka if circulating debts keeps growing with their interests annually.

Crypto is indeed a very good solution to improve our economic system like El Salvador, but our financial regulatory system is hijacked by IMF and World Bank, there is no place for crypto in this modern slavery system in my country.

Thanks

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So nice of you, thanks for ranking me up.

!PIZZA

Corruption is definitely the worst factor in all of it. I see so many countries where the greed of the elit is driving the nation into the crisis. It's possible to fight inflation but what can be done against such corruption?