Reto "Cómo es Vivir en Hiperinflación" - Challenge ""What is it like to live in Hyperinflation"" [ESP/ENG]

• What’s the hardest part about living in hyperinflation?


• What have you learned from this situation?


• What was the trigger for hyperinflation in your country?
• What advice would you give to a foreigner who is going to start living hyperinflation in his country?


• How do HIVE and Leofinance help people living in hyperinflation?

I will answer these questions progressively and identify each of them, maintaining an order.


1.- What is the hardest part of living in hyperinflation?

I think one of the hardest parts of living in between hyperinflation is the constant agony and pressure from the economic disruption it causes. That through the unknown that we generate day after day, when thinking how will we manage to solve the daily-week-monthly sustenance? Because, on the basis of the simple salary that is not enough, we cannot perceive or acquire what is necessary, the basic, the most common or accessible, inhibiting ourselves from pleasures, from such primordial needs in a home as food, water, services. For the most part, one must always be dispensed with in order to acquire another. For example; something that commonly happens and happens where I live or reside (village) is that, the resolutive ways of acquiring drinking water are scarcely limited and those that are possible to acquire are through money (immense amounts) turning it into something with nightmarish airs, who in his right mind manages to live without drinking water, how I wash, how I clean my clothes, how I wash my dishes, how I eat, how I cook? To give one of the many examples that cause the effects of living in hyperinflation, these would be the effects beyond what is easily perceived.

2.- What have you learned from this situation?

If something accurate I have managed to perceive or learn from this similar and almost nightmare situation that day by day makes me want to think that it is nothing more than a simple dream. It is that regardless of the difficulties presented, it is always possible to solve through constant voluntary effort. Beyond acquiring a complaint, which through a collective current is almost palpable, we must always dispense with the negativity that can influence us by means of idealisms taken through social conventions such as: "Why work, if the salary is still irrelevant? With that you are not able to acquire anything, or little". I always think, that those people who constantly live in a complaint, are more likely to fall into brittle airs, making them ineffective even to get support from their family, than the only way to acquire it is through work; regardless of which, as long as remuneration is obtained, which in purchasing terms is stable enough to at least contribute to a household, however small or immense, What counts is the will of being.

3.- What was the trigger for hyperinflation in your country?

First of all, the leadership of the government that some call "illegitimate government not recognized by the international community". The currency loses value (weakens) because it has no global strength, being such an unstable currency, product of the maladministration of government entities. Living off the wealth of state-owned products, such as oil, gold, diamond, bauxite, iron, copper. All these products of the state are the wealth of the country, which through the misappropriation of such goods, by the personal will of the "governmental entities are creating a loop of incessant destabilization.

The impossibility of acquiring material goods "foreign resources" to import into the country, which due to the difficulties imposed by the current government and its authorities, become unaffordable.

the fall in the value of the gross domestic product by "$", which is the domestic production of the country. Little Activity on the main food production source of the country, such as: Agriculture, livestock.

And finally, but I believe, one of the most important: the intervention by the government in the monetary policy of the Central Bank of Venezuela (BCV) that by introducing excessive inorganic goods (banknotes, without having sustenance from them) generate destabilization to the same "Bolivar" o Currency of that country Venezuela.

Original picture take from Wikipedia Source

hyperinflation in Venezuela table that represents in the time it would take the bolivar to lose 90% of its value as currency (Moving average, inverted logarithmic scale).

4.- What advice would you give to a foreigner who is going to start living hyperinflation in his country?

The primary advice I would give you would be to prepare yourself in every possible way that comes to mind to prevent a possible future destabilization or economic, social, monetary and even psychological deficit. All these mentioned above, will be causes of immeasurable future situations, able to make and turn anyone to take social positions or decisions that perhaps before or would not have thought.

That he be instructed as a person in the field of work and study, so that in some way, this made possible to any situation through his studies or knowledge, to acquire tasks that will give it a moderately advantageous position and so not to see you crouched by the next influential hyperinflation.

Let it adapt like water without being carried away by the current of evil influence.

I consider that the communities of Hive and Leofinance, are for the most part a fundamental pillar in the economy of the Venezuelans who work with these platforms, providing them with a help through the monetary acquisition remunerated by their created contents. Allowing them to take advantage of a benefactor, fruitful and even more prosperous life, enhancing the quality of human needs. I thank all these beings of wonderful presence via online for such solidarity support, which in a constant and constant way makes it possible for some of us to acquire the necessary sustenance to fight against such an overwhelming situation in the country we live in.