What are people storing their savings in?

What’s the biggest impact to the people living in this high inflation environment, other than debasement of currency?

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People employed formally can save buying dollars in the black market.

Paper fiat notes. You go to "the cave" and just buy. I warn them all dollars are depreciating aswell.

Yet cantilion effect makes them a bit richer because of delayed loss of purchasing power of the dollar here.

I've seen people buying stuff to "save". Like a cheap motorbike knowing they can hold value better with it.

People buying bricks or cement bags for projects they didn't even conceive.

"Crypto" might be another option for few tech savvy folks.

And regarding your second question I would say the time preference. I mean high time preference is exponential high here I assume (I don't know much people from places with sounder money)

So the people who "saves" or behaves as growth mindset or future projects is few. The smell of a general state of despair and hurry is something thay I can sense and conceive because I am orange pilled.

Yet now the loudness of it is so strong that Javier Milei is strongest candidate to be president.

Old folk went through one or two hyperinflation themselves. So they seem to think it's normal, cyclical and should be like that.

When I say state of despair or hurry I feel like most young people take refuge in such self destructive behaviour like drugs and alcohol unrestricted, porn and just a general apathy for life. Or complete fanatism for some form of football. So the whole place is a weird Feng Shui of badly and cheaply constructed houses and public places with layers of fixes and a bit of steampunk with filth and garbage around, who cares....

Anti-stoicism . Dionisiac survive mode.

Do it cheap work fast.

Complain complain, celebrate or be angry at football, watch tv, zombie scroll, fap, drink, go to work do it badly because it's always going to be badly paid. Be in debt. Be corrupt, steal snatch otherwise you are dumb because everyone does it. "Vivo" is the word we use for corruption meaning "alive" or "living"

The first thing our current president said when he was elected was "the Argentina of the "living ones" is over"

"La argentina de los vivos se terminΓ³" meaning something weird and twisted.

The welladapted beings just love the present moment and are kind of happy. Others try to figure things out like me, I like deep shit and Bitcoin y'know.

Thank you for such detailed and honest answers. πŸ«‚

Thanks for the meaningful sats ! I'm so happy !

Anyway it's just my weirdo orange pilled reincarnated indian warrior poet point of view.

Don't trust verify