Last Thursday I had to change battery on my 2016 VW Passat. Actually last year VW do not make that model anymore. I went to a corner shop near a Walmart. I just want it to go quick and get done with it. I do not want to keep asking strangers for jump from time to time.
To my surprise, the guy at the counter told me the battery plus labor cost $486. I was stunned and I walked away nicely knowing this is way too much inflation. He called me back for a better price like $350 for everything. I managed to walk away one piece and went for a long thought process how battery is no longer inexpensive.
I tried Walmart but I finally got one from Home Depot for $150. I could have purchased one for lower price but I was looking for what the car had from the beginning. It has 3 year replacement and hope I still have the receipt till then.
Everyone can come up with their own example how inflation changes everything.
Inflation can act as a double sword. It is up to your expertise to put it to work for you.
In the same route Argentina is a country fighting with high inflation forever. I know it is due to their policies and how they thing they can give everyone a hand when they have to borrow for it. The guy looking to run the country wants to get rid of the peso to adopt the dollar. When I dig around his country will not be the only one using the US dollar. As a reserve currency it serves its purpose abundantly. You might hear from here and there, dollarization is about to come to an end.
flap noise knowing trust factor plays a big role around the world with the dollar. There is no way around that concept, what goes up must come down. Hard to tell where the dollar is in that momentum. As a support system crypto does not mince its words to propel the world economy apparently.
While Argentina is looking for a quick bandage, using the dollar can sustain the inflation the peso cannot maintain. It is hard to reach economic stability when production is not on par with services a country can offer. This is where trades imbalance suffer the most.
Panama, El Salvador and many more while using the dollar are still faced with the same prior issues. El Salvador is the country to watch since they put #dollar and #bitcoin in the same pedestal. It serves them to put this small country in the map for tourists to come and freely spend their crypto where it is available.
Glad to know crypto is facing many challenges but resiliency is what makes it possible to build an upper trust to crypto.
It has become clear crypto will not bring a fight to fiat currency. Otherwise it will make it easier to use fiat. They will work hands in hands to promote financial literacy where the banks business make zero cents.
This is why #CBDC and exchanges tokens will continue to grow to facilitate this need.
For that reason crypto has a mountain to climb as long the market cap remains low comparatively to gold market and Forex and others.
passing month it is a building process to see what can be done with crypto. Just like the adjustment of #leofinance to #inleo. This is a constant renewal knowing you need to be relevant to move forward. With #thread growth, it is a sounding change that will bring more to find this community the place to be.
By the way November and December will close this year quietly. As you know holidays time is quiet time in the market. Be ready cause everything will fall a little giving opportunity to opportunists.
Glad that crypto runs 24/7 so you always can manage your move even on Sunday.
2024 you will see a change of tone.
Be ready and keep on vesting.
