42 sats \ 1 reply \ @quark 26 Oct 2023 \ on: Why the US Dollar is Surging Against the Japanese Yen bitcoin
Unless they pay much higher interest rate, which then means that the higher interest, the worst currency to have. Countries with hyperinflation can't even convince anyone even with 100% high interest.
So high interest is nice, until a level in which it is not nice anymore because they lose more with the devaluation of the currency.
Well Japan is not in hyperinflation yet. I don't think the currency devaluation has hit the "streets" yet and caused the prices of goods to rise. But as Christine Lagarde says:
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