Grow Your Money: The Rhodes Society
How to Avoid This Terribly Biting Impact on Earnings
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:12:19
- More information
Informações:
Synopsis
Who cares about inflation? You probably don’t even notice it. If you’re an American. A percentage or two a year is slow acting; like rust on stainless steel. Merchandisers had to re-sticker the stuff on supermarket shelves two or three times a day in Brazil. Inflation was over one thousand percent in the eighties. That’s right. Clack-clack-clack went their price guns. All day and all-night long no matter. They were slapping new price stickers over others a few hours old whenever I shopped. Making cash was just the start of the problem for store owners. Retailers had to get daily revenue out of the worthless Brazilian money into something stable. Hi I am Dr. Scott Brown and I am the co-founder of the Rhodes Society. That was when I lived in Salvador de Bahia and Aracaju. The black market for stable currency was fierce. Exchanging my dollars for Brazilian money was a harrowing experience. I remember being picked up by armed escorts on motor bikes for transport to illegal bankers who would buy my doll