in freefall.

Easy, it’s not.

It seems like their economy is reliant on a series of short term fixes, and as each one winds down another bigger one needs to take its place.

12% interest is another example of this, it will improve things in the short term but has no effect on the underlying problems, meaning that in a couple of months or so something even more drastic will be needed.

This is what happens to all fiat money. It will happen to the United States eventually too as the fed has printed into existance far to many dollars. The currency has to be destroyed in order to get back to a state of value.