I hear that the dollar is now nearing fifty to one. The truth is that the dollar is not more valuable here in Buenos Aires. The local currency is becoming as common as the falling autumn leaves, so it just takes more "money" to buy one dollar.

People who work a job receive mandated pay increases and mandated programmable rent increases, which come every six months or so. The problem is that prices of food and utilities rise daily, so it is a losing proposition. The only way to win is to take charge of what you charge.

Fighting back, I have been raising my prices to my customers daily based on the chart above Then I convert the local currency to crypto or hard assets. People understand what I am doing. The stores are doing it too. It is called playing the central bank's game. The game is not fair, but we are required to play it until stores accept crypto.

The Argentine peso is like chocolate in your pocket. It melts away into a mess.

Rent for an average apartment...

2000 u$d 300 or $ 300
2004 u$d 350 or $ 665
2010 u$d 400 or $ 3,200
2015 u$d 385 or $ 5,000
2018 u$d 400 or $ 8,800
2019 u$d 460 or $ 22,000

So what changed?

Was it the value of a place to sleep for 30 nights? No.

We find ourselves counting out more paper currency notes for the same product or service. It seems that we don't get a turn to produce our own money. We do not get the opportunity to spend it - then watch it lose value.

Or maybe we do! We create content on Steemit and hold our Steem earnings until Steem is worth $2 or $6 or even $8 each. Then we change it out for dollars, pesos, euros or bitcoins.

Hard assets will always be worth more and more government issued currency tomorrow. Next month. Next year. It pays to hold your crypto.

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Theft by way of Inflation and Capital Gains

"Inflation" is their word for "We rob you" under the table.

They print the money and spend it while it still has value. By the time the money changes hands three or four times, it has lost ten percent of its purchasing power. In a year, our "money" has lost a much greater percentage and continues to lose value at a much faster rate.

"Capital Gains" is their term for "We rob you" above the table.

So, if you own a house, They will charge you a tax on the increase in value of your home when you sell it!

Clue: The house has not increased its value. It is not more valuable!

We Get Shafted Twice

Once as they print the currency. Then the lie of inflation steals from us one more time when we sell assets for an alleged higher value.

I have stopped tracking prices of goods. I would rather preempt costs with greater income. People may blame me for charging more, but in reality, the price for gold, crypto, dollars, and the like are all set by the free market.

A gallon of milk still lasts a day with two kids in the house. Yes, it used to cost one peso and now it costs one hundred and seventy six pesos. So what? I guess milk is more nutritious in 2019.

not

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