"In it’s most extreme scenario, let’s take Venezuela as a crude example of where hyperinflation may lead us. During hyperinflation, stocks were the best performing in the world in relative nominal and percentage value. Unfortunately, it was cheaper to wipe your ass with the currency than using it to buy toilet paper."
https://zachsbtcthoughts.substack.com/p/a-fast-death-in-inflationary-times
#bitcoin #nostrplebs #grownostr
Anything that can be created/printed out of thin air is essentially worthless
Stocks however “well performing” they might be, are still just corporate debt IOU printed out of thin air, used to raise funding for a corporation
Trading in stocks is literally speculation on corporate debt created out of thin air, held in a custodial account by a criminal third party (ie bank/exchange) front running and rug pulling on naive and greedy people all the time, except for the chosen few insiders that are protected and profiting
Stocks going up in a fiat hyperinflatory system is just
asset (hyper)inflation
