First of its type that I've seen, myself. I get all kinds of the smaller Jamacian coin steel crap off the magnet, but this is a nice bimetallic coin like a toonie. Decently made, cu-ni center with brass ring. I was then struck by the change in value, and I had to plot it over time. Hard to believe that in the 70s the Jamaican dollar actually exchanged at more than the USD.
So I had to plot it. This isn't true hyperinflation in the 1923 Weimar Germany sense, but it's debasement as a rate that isn't practically any better than hyperinflation. Apparently in Jamaica you'd best not plan to keep any assets stored in Jamaican dollars!
- Jamaica vs USD.jpg (62.22 KiB) Viewed 423 times
Today, a Jamaican dollar is worth less than a cent. This $20 piece is now worth 19 cents US (and that's 19 cents of a debased USD to boot).
Think it can't happen here? It already is - it's in slow motion now, but the steam will be picking up. Get ready...
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
