Yeah , it is not a good thing like everyday you go a market you will see different price and not like 25 or 50 kuruş can be more than 10 liras
Hyper Hyper
Nice paywall
Would a one third deflation overnight be good?
It is close to impossible to get hyperinflation with a reserve currency
at some point, hyper inflation becomes just life, everyone lives and tries to pretend that the price of several millions of bread is normal, but at work you agree to receive a salary with food, if you used money, then you had a suitcase with them. yearn. so I don’t advise for that if you have a normal government, then it will devolvatsyyu money and everything will work out sharply.
Turkey’s situation is pretty unique though. They did hit economic troubles, but worst of their hyperinflation is *self-inflicted*.
Erdogan , kisama
Time to buy two coffees at once because if you were to buy a second after finishing the first the price will have already gone up twice. In Zimbabwe at the height of the 2008 hyperinflation the government had to print notes so fast that the ink was still wet on the bank notes during circulation, eventually dollarisation happened. Anything can be a money even a currency can be a money but not every money can be a currency. A currency is only the standardisation of money in a country’s economy and used as legal tender for settling debts in court. Wealth is the ability to consume goods and services the more you can consume the richer one is considered and the less one can consume the less rich one is considered. All the things we can consume consists of a single or combination of commodities for which we pay for in a country currency. What is important to remember is all these commodities have a weight to them and that the real measurement and numbering system that ought to be use is gold and it is good for that because it act as a reference point in combination with the international standards of organisation regarding weights and measurement which is based on the Paris meridian going from the North Pole through Paris to the equatorial line. Which if divided amongst a certain amount you get a meter and divided once more you get a certain length which if measured in length, height and breath to form a box and filled with water would give you a kilogram. All of the world uses this international standard of organisation with exception to the United States of America and 2 other countries. Anyway don’t bother with these stupid ass currencies with the exception of the US Dollar of course. I don’t trust a country’s currency even at a 2% inflation rate a country’s currency has half its life a 25 years, sure your salary goes up to a certain extent but the value of your initial savings is halved if you were to save that is.
Tell that to the Turks living in Europe.
Turkey is just getting warmed up.
How much inflation are talking about here? 30% yearly? 40%?
really I’d like to know, I’m planning on visiting. Hyperinflation is usually on the 3 digits i keep hearing about it from Turquey but i have only been able to verify around 25% maybe.
Disclaimer, I don’t understand turquish, so local media is not and option to follow up on news.
thanks
Turkey’s hyperinflation is in large part from spending the past number of years waging war with its neighbours.
13 comments
Yeah , it is not a good thing like everyday you go a market you will see different price and not like 25 or 50 kuruş can be more than 10 liras
Hyper Hyper
Nice paywall
Would a one third deflation overnight be good?
It is close to impossible to get hyperinflation with a reserve currency
at some point, hyper inflation becomes just life, everyone lives and tries to pretend that the price of several millions of bread is normal, but at work you agree to receive a salary with food, if you used money, then you had a suitcase with them. yearn. so I don’t advise for that if you have a normal government, then it will devolvatsyyu money and everything will work out sharply.
Turkey’s situation is pretty unique though. They did hit economic troubles, but worst of their hyperinflation is *self-inflicted*.
Erdogan , kisama
Time to buy two coffees at once because if you were to buy a second after finishing the first the price will have already gone up twice. In Zimbabwe at the height of the 2008 hyperinflation the government had to print notes so fast that the ink was still wet on the bank notes during circulation, eventually dollarisation happened. Anything can be a money even a currency can be a money but not every money can be a currency. A currency is only the standardisation of money in a country’s economy and used as legal tender for settling debts in court. Wealth is the ability to consume goods and services the more you can consume the richer one is considered and the less one can consume the less rich one is considered. All the things we can consume consists of a single or combination of commodities for which we pay for in a country currency. What is important to remember is all these commodities have a weight to them and that the real measurement and numbering system that ought to be use is gold and it is good for that because it act as a reference point in combination with the international standards of organisation regarding weights and measurement which is based on the Paris meridian going from the North Pole through Paris to the equatorial line. Which if divided amongst a certain amount you get a meter and divided once more you get a certain length which if measured in length, height and breath to form a box and filled with water would give you a kilogram. All of the world uses this international standard of organisation with exception to the United States of America and 2 other countries. Anyway don’t bother with these stupid ass currencies with the exception of the US Dollar of course. I don’t trust a country’s currency even at a 2% inflation rate a country’s currency has half its life a 25 years, sure your salary goes up to a certain extent but the value of your initial savings is halved if you were to save that is.
Tell that to the Turks living in Europe.
Turkey is just getting warmed up.
How much inflation are talking about here? 30% yearly? 40%?
really I’d like to know, I’m planning on visiting. Hyperinflation is usually on the 3 digits i keep hearing about it from Turquey but i have only been able to verify around 25% maybe.
Disclaimer, I don’t understand turquish, so local media is not and option to follow up on news.
thanks
Turkey’s hyperinflation is in large part from spending the past number of years waging war with its neighbours.