I Survived an Economic Collapse – Part 2, by Siempre Listo
Editor’s Introductory Note: Part 1 of this article on the Mexico currency devaluation was posted on Tuesday, January 29, 2019. Today, Part 2 concludes this article. — In Part 1, I described how, while I was living and teaching in Mexico in 1982, there was a nearly 50% devaluation of the Mexican Peso, resulting in major economic hardship for the average citizen. In this installment, I would like to share a few lessons I learned from experiencing a currency devaluation –essentially an economic collapse– and how these lessons can help us prepare for a similar, or much worse collapse in …