Out of curiosity, what country are you from? Are you from Argentina?
Anyways, the interests dynamics have been that way since forever, really. Those who win in the local currency do not want for the price of the United States Dollar to rise, because it makes all more expensive for them to afford. On the other hand, those who earn their salaries in United States dollars would like for the dollar to rise in price, so they can affort to buy more good and services with the same quantity of money than previous months.
It is a struggle between those earning in different currencies.
What is why any serious government should take care of their macro economy, so there are not a division between the people in the country, a division between first class citizens and second class ones, who are less benefitted because of the currency they get paid with.
In my point of view, if the government cannot longer fight a battle against inflation, then it would just take for them to allow the dollarization of the economy and allow people to save their money in foreign currency. That is what happened here in Venezuela, the government gave up to the power of the USD.
Topic: Trust and rise of dollar (Read 34 times)
If this continues to get worse everyday by next year I don't see people working to save anymore people will work to evacuate the country to countries even smaller than this country where at least they can afford a living for themselves.
But while some people are busy complaining I think those earning in dollar are also praying for it's rise so they can get enough for them selves but this desire is not a pleasant one for others who do not earn in dollar.
The point is people take advantage of the opportunity provided by every government in place. It is not the fault of those who benefit from devalued currency and just like any other facet of the economy would have also created the opportunity or lacuna for those in that area to feed on, so it is more like a normal that some people will benefit from government policy while others won't but just that the effect is telling hugely on a greater population, creating a standard of living that is not affordable.
Trust issue is very rare in our country politicians don't trust the masses same way the masses see them as failures.
But sometimes I just feel like this our politicians can also use the country money to be trading cryptocurrency since they are not doing anything concerning the increase in dollar exchange very soon if nothing is done dollar will rise to two thousand and by then life in this country will be very difficult for the common man to handle.
If this continues to get worse everyday by next year I don't see people working to save anymore people will work to evacuate the country to countries even smaller than this country where at least they can afford a living for themselves.
But while some people are busy complaining I think those earning in dollar are also praying for it's rise so they can get enough for them selves but this desire is not a pleasant one for others who do not earn in dollar.
But sometimes I just feel like this our politicians can also use the country money to be trading cryptocurrency since they are not doing anything concerning the increase in dollar exchange very soon if nothing is done dollar will rise to two thousand and by then life in this country will be very difficult for the common man to handle.
If this continues to get worse everyday by next year I don't see people working to save anymore people will work to evacuate the country to countries even smaller than this country where at least they can afford a living for themselves.
But while some people are busy complaining I think those earning in dollar are also praying for it's rise so they can get enough for them selves but this desire is not a pleasant one for others who do not earn in dollar.
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