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30 sats \ 2 replies \ @BlokchainB 7h \ on: IWF bought El Salvador into submission: Bitcoin's no legal tender anymore. bitcoin
Who is surprised by this? El Salvador is a small poor country. I’m curious to know what they need the $1.3B for. It must be dire if they are changing laws to get the money.
While the IMF may suck they don’t force these countries into taking these bad loans the people and their unstable economies and governments do.
People haven’t figured out yet all the frauds and scams that prop up modern life today. The USA government is on the hook for $36T that’s owed to various governments, pension funds, and many others that depend on USA to pay them back. Which in itself is a scam. Who keeps lending money to the USA government?
It’s one big wheel of fraud it just sucks to see those who have nothing get tangled up in it.
No, when you're in debt for a money that you can print yourself, its meaningless. The debt is just a feel good way to print money without much objection (vs printing it without a debt) When you're in debt and must pay in a foreign countries currency its not the same situation at all.
I am surprised because El Salvador held its Bitcoin through a bear market and now that Bitcoin's price is a little high they completely sold out? Its crazy. I don't think they're desperate for the money, I think they just saw a lot of money and lost their minds.
What I'm seeing so far doesn't require El Salvador to sell its Bitcoin though or prevent it from buying more, so many they're trying to pull a Michael Saylor and go into debt to buy more Bitcoin or something (lel if that's the case)
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Good points here. I wonder what the overall plan is?
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