Page 25 - Understanding EOS TojuKaka FlipBook

"genius idea” of money printing to solve its
problems. By 2001, the prices of things were rising at
a rate of 100% per year, 200% per year in 2002,
600% per year in 2003 and 1000% per year in 2006.
At one point, the money was devaluing so quickly
that the value of the money you had in the morning
would worth less in the evening.

Today, some countries are still struggling with
hyperinflation. According to an article on CEO
World Magazine, Venezuela has the highest inflation
rates (282972.8%), followed by Zimbabwe (175.66%).
Other countries with high inflation rates include
South Sudan (56.1%), North Korea (55%) and
Argentina (54.4%). The global inflation rate is
currently around 3.6%.

Government and central banks usually try their best
to regulate the economy but history has proven time
and time again that national currencies fail. However,
people now look towards cryptocurrency as a way to
hedge their money against economic instability.

Cryptocurrencies are immune to the control,
manipulation and inflation from governments and
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