Argentina's peso just hit a new all-time low against the dollar—down 99.8% since 2009.
That's not a typo. A currency losing essentially all its value over 15 years.
This is what happens when you print money without discipline, run persistent deficits, and lose credibility with markets. Inflation becomes structural. Capital flees. The currency becomes worthless.
For context: if you had 1,000 pesos in 2009, it buys you what 2 pesos would today.
This matters beyond Argentina. It's a reminder that currency stability isn't guaranteed—it's earned through sound fiscal policy, central bank independence, and economic credibility.
The dollar's strength isn't just about Fed policy. It's about trust. And when trust evaporates, so does your purchasing power.
That's not a typo. A currency losing essentially all its value over 15 years.
This is what happens when you print money without discipline, run persistent deficits, and lose credibility with markets. Inflation becomes structural. Capital flees. The currency becomes worthless.
For context: if you had 1,000 pesos in 2009, it buys you what 2 pesos would today.
This matters beyond Argentina. It's a reminder that currency stability isn't guaranteed—it's earned through sound fiscal policy, central bank independence, and economic credibility.
The dollar's strength isn't just about Fed policy. It's about trust. And when trust evaporates, so does your purchasing power.