The Biggest Money Lesson from My Trip to Bali

This Hidden Currency Crisis Will Change How You See Money Forever

Back to the routine, an exciting year lies ahead where we might see the (possible) election of a pro-crypto president, significant cuts in interest rates, and, most importantly, the need to pay off short-term maturities, resulting in more liquidity than Venice after a tropical rainstorm.

Raoul Pal, a prominent macro investor, warns that this could be one of the clearest opportunities to make money in history.

We’ll keep you informed about all of this, but today I want to take the opportunity to share some memories and, hopefully, important reflections from my trip to Southeast Asia this summer.

The best part of traveling is always the cultural impact, and when that impact is profound, it creates temporal connections in your mind that can help you understand the progress that still lies ahead in developed countries.

Here’s one of the most important money lessons I brought back from Bali:

The official currency of Indonesia is the Indonesian rupiah, which was adopted in the post-World War II era after gaining independence (1945 and adoption of the currency in 1949).