Thread by @gladstein

1/ Many might think that extreme inflation is a rare occurrence in today's modern world.

That's simply not the case.

There are 1.2 billion people currently living in countries experiencing double or triple digit inflation.

🧵

2/ Countries with inflation ranging from 10% - 20%:

-Haiti (11M)
-Nigeria (205M)
-Turkey (84M)
-Sierra Leone (8M)
-Uzbekistan (33M)
-Guinea (13M)
-Liberia (5M)
-Pakistan (223M)
-Kyrgyzstan (7M)
-Ghana (31M)
-Tajikistan (10M)

3/ Countries with inflation north of 20%:

-Ethiopia (116M)
-Zambia (18M)
-Libya (7M)
-Congo (90M)
-Angola (32M)
-Yemen (30M)
-South Sudan (12M)
-Argentina (45M)
-North Korea (25M)
-Cuba (11M)

4/ Countries with inflation north of 50%:

-Iran (70M)
-Lebanon (7M)
-Syria (17M)
-Sudan (43M)
-Zimbabwe (15M)
-Venezuela (26M)

5/ It is hard to get good inflation data for most countries. This analysis was done comparing a handful of the top sources. Some vary significantly.

Additional countries are going through revolutions/coups and are experiencing currency shocks, but fresh data is hard to find.

6/ It's also clear that some govts fabricate economic data and that things on the ground are far worse than what they report.

Either way, in sum, there are more than a billion people whose currency is quickly shrinking in value.

Many have already found an escape in Bitcoin.