Peru is a country in South America that has a population of around 33 million.
In recent days, violent protests broke out across the nation against the rising fuel costs. In March, the inflation numbers came out to be at a 26-year high and the citizens are finding it difficult ( or even impossible ) to fulfill their basic needs.
This is the position that the country is finding itself in right now.
To quell the protesters, President Castillo declared a curfew in the country’s capital Lima where citizens were banned from leaving their homes for 24 hours.
“The cabinet has agreed to declare a ban on the mobility of citizens from 2 a.m. through 11:59 p.m. of Tuesday April 5 to protect the fundamental rights of all people," Castillo said in an address broadcast nationwide just before Monday midnight.
These types of measures can never stop the people who are tired of inflation killing their dreams and living standard.
The scenes in Sri Lanka are no different.
Energy blackouts, shortage of goods, and rising prices have forced the countrymen to come out in the streets and protest against the economic mismanagement by its government.
“It seems like the mood in the country is to completely remove the Rajapaksas,” said Murtaza Jafferjee, chair of Advocata Institute, a Colombo-based think-tank. (Rajapaksas is country’s President).
This is what the end result of every fiat currency looks like. Citizens who place their trust in the fiat currency ( because the government says so ) are heavily disappointed in the end.
As a result, the citizens start protesting and what else can you expect from people who are literally seeing the savings of their entire life being evaporated in real-time?
If you are still reading this, let me tell you one thing. Don’t be in a delusion that this only happens in “third-world” countries. This is going to spread like a virus all around the globe because the manipulation of money takes place in every country - which is the core reason behind the inevitable fall of every fiat currency.
The future is not going to be easy as the world reprices trust in the legacy financial system. But we can’t sit and let inflation eat away our savings. We have to act by opting out of the current corrupt financial system and opting into a system where nobody’s savings are debased and everyone controls the fruits of their labor.
We have to sell dollars ( or whichever currency you’re using ) and buy the only absolute scarce money in this world - Bitcoin.
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