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Heading In Reverse by cryptoandcoffee

View this thread on: hive.blogpeakd.comecency.com
· @cryptoandcoffee ·
$16.02
Heading In Reverse
<center><img src="https://i.imgur.com/uAiqL9c.jpg"/></center>

[source](https://data.worldbank.org/)

Not the graph you what to see but this shows clearly how the lockdowns and corruption have impacted South Africa over the last decade. We are in 2020 but in theory back at 2005 levels. Throw in inflation and actually the figures would be rather worse as everything is more expensive today. If this is the average GDP per capita then obviously the masses are all below the bread line living in poverty.

I know since 2014 the Dollar has gained against the Rand by a whopping 40% and we all know what we think of the Dollar. This is not what you want to see if you are planning on staying in the country permanently as this tells a story of something not being quite right. Covid is only partially to blame and suggest even if we had no lockdowns the graph would still be heading South.

For me personally this highlights the need for everyone to be holding some form of crypto just to try and stay ahead. In the past many had to suck it up and roll with the punches, but today we have choices. The idea of investing into digital money/tokens sounds ludicrous, but this is where the future now lies. The magic money that comes out of thin air is more valuable than many currencies around the world.

Would institutions be buying into something that wasn't viable as they can see the writing on the wall. If you asked me 10 years ago if I thought the likes of Bitcoin would be over $50 0000 a coin I would say you were nuts. Things change with the times and this is where we are now and would rather be having a  bag full of crypto than a bag full of dollars.

For the GDP per capita to drop so alarmingly so quickly it seems every economy around the world is in some form of trouble and this is not an exceptional case. The more we see these types of stats the more we know we are doing the right thing by getting deeper into crypto related projects through investment and earning like Hive.
<center><img src="https://i.imgur.com/Yv7vpqg.jpg"/></center>

[source](https://twitter.com/reiniebooysen/status/1427947614410985477/photo/1)

**Corruption is definitely a key indicator behind this graph. When you are the government in charge plundering and emptying the coffers the last thing you would do is to invest in the economy.**  

What does it say about a country if the average GDP per capita is just over $500 per month. A rich country full of natural resources like Gold, Diamonds and Platinum. Something is seriously wrong as other countries with far less have a better GDP overall.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptoandcoffee/heading-in-reverse)
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vote details (320)
@braaiboy ·
$0.37
> For me personally this highlights the need for everyone to be holding some form of crypto just to try and stay ahead.

#THIS!

SA has always been a shit-show (but we managed, hell even made it work in our favour)... but the Zuma (and even now with CR) looting mentality has taken things to a new level. 

I can't tell you how many times I've played the "It's time to flee the country with nothing but your Private Keys" game out in my head.

Having said all that: It's still a jol here, and I have no plans on leaving just yet... BUT... when that day comes, I'm quite prepared to ditch everything and leave with nothing (except my private keys) o_O

... until then, enjoy some !BEER , and !LUV Africa, right? ;-)
👍  
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vote details (1)
@cryptoandcoffee ·
Yep I agree as that is the only attitude to have. I do think the time will come though so making the time count now and setting up plans for later.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptoandcoffee/re-braaiboy-6dkn9w)
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@luvshares ·
<div class='pull-right'><center><sup><small><small><><</small></small></a></sup></center>
    <p><a href="https://ichthys.netlify.app" style="text-decoration:none"><><</a></p></div>
    
<div class='pull-right'><center><sup>LUV</sup></center>
    <p><a href="https://peakd.com/@luvshares"><img src="https://files.peakd.com/file/peakd-hive/crrdlx/AKU7oyCXxGwYyudB42kJ7JtoZ63bdeHvm4icoT9xdGNxA4i4BwudGyPvTQrEwPd.gif"></a></p></div>
    
<div class='pull-right'><center><sup>Connect</sup></center>
    <p><a href="https://discord.gg/K5GvNhcPqR"><img src="https://files.peakd.com/file/peakd-hive/crrdlx/23wfrFwbW2VmsmZxJXyNEKYXt8mvmEP5zenbPZFX5T6yxcF65vCp7RbNpNhLgFZiM62G1.png"></a></p></div>
    
<div class='pull-right'><center><sup>Trade</sup></center>
    <p><a href='https://tribaldex.com/trade/LUV'><img src="https://files.peakd.com/file/peakd-hive/crrdlx/AKJ1ytK1G4qgB6fMNY9iW9yL1E7bY4ooefHFwtMVKoKnyXG1EsjxrcrTFGFAbhw.png"></a></p></div>
    
<center><br> <p>@cryptoandcoffee, you've been given LUV from @braaiboy.</p> <p>Check the LUV in your H-E <a href="https://hive-engine.com/">wallet</a>. <sub>(1/1)</sub></p> </center><div></div>
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@gangstalking ·
I upvoted you, thank you for posting! 👍
👎  ,
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vote details (2)