It’s official, from now on bartering is my first choice of currency. Since I’ve been here in Mexico, I have learned more and more about the inflation of the peso. Because I can’t really sum up the whirlwind of politics and economic madness behind it all in one little blog, let’s just say that at one point in time if you lived in Mexico and took out a $400,000 loan, you could end up owing over a million dollars in less than 17 months. Or, on the other end, if you invested $24,000 at just the right time and under the right terms, you could quite possibly be rubbing shoulders with Bill Gates today like one 80-something year old woman here in Mexico.
My point is, it is madness. In talking with a new friend about the inflation that occurred during the term of presidante Salinas, he refers to the feeling as, “being the poorest millionaire” as a peso that is now currently is worth $5 was at one point worth $5000. Throughout the economic past of Mexico, zeros on the peso come and go like the latest fashion trend and it has profound effects on the everyday lives of the people. And here I am complaining about Wells Fargo ripping me off on the exchange rate.
My last blog I talked a little big about the construction of time, and the construction of money is even crazier. From what I have learned in the last two weeks, it’s the most popular kind of magic.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment