Sad part is that this is the second time in my life with hyperinflation and the second time that the country will implode 😂😂😂😂
Life hell is heaven difficulty level 🥲🥲🥲
Discussion
What do you think is in store for the next few months?
Do you have a particular roadmap in mind?
I’ve never been in this situation.
The problem is that this year we have elections and this crazy dude milei (he is not pro BTC, he is anti central bank and pro dollar) is having a good chance to win.
One of his plans is change the fiat here from pesos to the one you want, so majority of the people will go to the dollar. So... What happens? Lots of people are buying the black market dollar so the price is 🚀🚀🚀. This happens cause if we buy dollars now it's cheaper than the future price in the case that milei wins.
Then what happens with the companies that buy thing from other countries? They have to pay in dollars and the gov doesn't give them the dollars at the official price so the companies have to buy the black market dollar or the other dollars (we have more than 15 dollar prices in Argentina)
So the price of the black market dollar is rocketing, that means the other dollars are high too and unstable... That means the companies don't know at what price have to sell the products to the shops, that means we don't have prices.
As a business you can buy all you can right now cause it will be cheap af if you compare it to tomorrow. As a regular dude invest in crypto, dollars or stocks
So this Milei guy wants to de facto dollarize the country and his chances of winning are inciting an speculative attack on the peso.
Are you literally saying that there’s no rpices for things these days, given the uncertainty of the situation?
There are prices for certain things like your own skills or food. But if you have to sell something like food that you can't store for long time that means you have to check all the time if the price changes. In my case i have to check the price of everything i sell everyday and everytime I sell.
Prices change from the morning to the afternoon. If the dollar price change hard you have to stop or you will gamble
As always one of the points is that you have to buy the same product when you sell it and if you don't check you won't get a profit, in the worst case you can't buy it again
Price signals are totally screwed up 🤦🏻♂️
Must really, really hard to do business and survive this shit.