Hyperinflation Argentina
Tucker Carlson goes to Argentina
Tucker Carlson makes the journey to Argentina to witness hyperinflation first hand and to sound the alarm on reckless money printing, which may soon engulf the global economy in uncontrollable inflation. Argentina is currently experiencing 113% annualized inflation with no end in sight. The average Argentinian is nearly losing 10% of their purchasing power each month. The government of Argentina tries to hide the reality of money printing and inflation by making up their own exchange rate and not using a free market rate against the dollar. If you exchange money at a financial institution you will get 50% less than money, than if you exchange dollars in the street. On my first trip to Argentina, I was a bit sketched out about having to exchange money on the black market, but it was as easy as going into a grocery store and buying a water bottle, nearly every small store will provide this service. The Argentine government has tried to close black market exchanges and force their exchange rate on the population, but the free market always whens in the long run.
The Argentine government trying to hide inflation via exchange rate fixing is very similar to the U.S. governments war against precious metals and the complete manipulation of these assets. The price of gold and silver reflect weakness in the dollar and therefore are two of the most manipulated assets on the planet. Just look at how the government responded during the wall street bets sliver squeeze, they forced all major trading platforms like Robinhood to flat out ban options trading on silver stocks. The FBI opened investigations into wall street bets founders and while the physical stock of silver was sold out worldwide, the paper price of silver continued to decline. Global governments will continue to protect their narrative at all costs via media, price controls and bans. The last free market in the World is Bitcoin and it will continue to be the leading inflation indicator and express economic truth to power.
Argentina has experienced hyperinflation several times in its history, therefore the population has been conditioned to this and maybe the reason why things remain civil and why society continues on. I do not believe that western nations will handle inflation with such poise as the Argentinians, especially since inflation on this level will be a new experience for many. For right now developing countries will be abandoning their currencies for the dollar, but when countries have to abandon the dollar for Bitcoin is when things will be extremely volatile globally. Countries and citizens facing hyperinflation will be on the frontlines in search of a store of value and hopefully many will discover Bitcoin.
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