𝗦𝗮𝗹𝗮𝗿𝘆 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝘀 𝗻𝗲𝗲𝗱𝗲𝗱 Here is how much of an increase you would have needed to get each year to maintain the same purchasing power of your R32k salary in 2015. 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗿𝗮𝘁𝗲 = 𝟱.𝟲% 𝗮 𝘆𝗲𝗮𝗿: ▪️R32,000 @ 5.6% = 𝗥𝟭,𝟳𝟵𝟮 ▪️R33,792

What makes this worse, You have to contend with inflation destroying the value of your earnings and then after that - taxation So your money loses value, while nominal growth on your salary pushes you into a higher tax bracket that doesn’t adjust upward Complete theft

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Financial companies are some of the biggest and legalised scammers of all time. Here are South African companies that continue to rob citizens of their hard earned money: 🔴 Old Mutual: record low returns on investments, refusal to payout claims, deliberate administration

𝗧𝗵𝗲 𝗦𝗼𝘂𝘁𝗵 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗥𝗲𝘀𝗲𝗿𝘃𝗲 𝗕𝗮𝗻𝗸 National Treasury ( NT ) plans to use the 𝘂𝗻𝗿𝗲𝗮𝗹𝗶𝘇𝗲𝗱 𝗴𝗮𝗶𝗻𝘀 from the Gold and Foreign Exchange Contingency Reserve Account ( GFECRA ) They call it ‘𝗪𝗮𝘁𝗲𝗿𝗳𝗮𝗹𝗹’ arrangement Learn more 🔻

Understanding the new Zimbabwean currency named ZiG 🧵: 🔴 The ZiG is Zimbabwe's new currency, launched on this day. 🔴 It is backed by a basket of foreign currency and gold. 🔴 The ZiG is intended to stabilize the economy and address high inflation rates. 🔴The local currency

Cocaine was found at the White House. A dead body was found at Obama’s house. Ashley Biden’s diary was confirmed true. An illegal server was destroyed at Clinton’s house. A male prostitute was found at Pelosi’s house. But…they only raided Trump’s house. Awake yet?

Does inflation lead to civilizational collapse? Well, in the 3rd century, the Roman Empire began to buckle under the weight of state spending. It frantically "printed" money until things went horribly wrong... (thread) 🧵

How did we allow ourselves to pay municipal rates, then paying for prepaid water, then paying for prepaid electricity, and then admin fees on all the payments that we’ve just made??? This is one enormous scam!! City of Cape Town Miss Ziprusha

AI and Music: A tale of caution

I love my country.

“If I had a gun, with 2 bullets, and I was in a room with Hilter, Bin Laden, and Toby, I would shoot Toby twice” Michael Scott.

The average African politician has an IQ near retardation.

The more you read what Vhoyde writes, the more you realise how superficial & pathetic he truly is.

Ernst Roets True 🎯 cadre fascisim disguised as black economic empowerment.