[ Currency Debasement] At first its slow then it's sudden
Pakistan, Bangladesh, Sri Lanka, Now Egypt and Nigeria.
Zimbabwe in the past.
Many more countries to follow.
Central banks and politicians are misusing their control over money.
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This explains why need prudent choices from central govt, otherwise politicians like in congress & kejru could put the whole future in turmoil by reckless freebies and far beyond avg state debts
we wont let these changu mungu to come in power dont worry
Forgot to add Argentina too.
Prime example how freebies ruin countries.
Had been hearing about large scale violence over the past many weeks in Nigeria from Darul Islam and Boko Haram. Their leader even posted a warning about difficult times ahead - which I thought was because of the frequent bloodshed events in the country. Turns out, it was for currency debasement!
Govt isn’t going to provide anything. They’ll mandate installations and vendors of choice will become billionaires
One good thing, in the recent budget, Govt said it will provide solar roof top which in turn will reduce electricity bill.
Smart way to manage, freebie and industry