IMF and El Salvador \ stacker news ~bitcoin

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1661 sats \ 37 comments \ @DarthCoin 22h bitcoin

IMF and El Salvador

During all these years of self-education and search for the truth, which by the way led me to Bitcoin, one of the things I learned is that the IMF is the monetary instrument used by the US to subjugate countries and take away their national sovereignty.

The most significant case of our time was Japan, many do not know the history, and as it is somewhat long and complex I refer you to the great documentary “Princes of the Yen”.

If there is one thing that “Bitcoiners” are guilty of, it is naivety. Bukele has made a pact with the devil, Bukele is not as good as you think, he is just a politician, if he had really been smart and had thought about his people, rather than asking for a loan to the IMF he would have opted for the old tactic of save and do not spend what you do not have.

Oh yes, now he has bought 10 more bitcoins, as if he spends the 1400 million in Bitcoin, so far the IMF has already had its way with Bitcoin.

I repeat, if there is one thing Bitcoiners are guilty of, it is being very naive. There is no good politician, you understand? Neither Trump, nor Milei nor Bukele, they are all shit, and Bukele only uses Bitcoin as propaganda, nothing else.

You can argue whatever you want, but surely you don't know what it means to pact with the IMF nor how bad this institution is, before giving your opinion about how good Bukele is, study what the IMF is, study how it has subjugated countries and study what happens if you breach your agreements with the IMF.

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71 sats \ 1 reply \ @Shugard 22h

I repeat, if there is one thing Bitcoiners are guilty of, it is being very naive. There is no good politician, you understand? Neither Trump, nor Milei nor Bukele, they are all shit, and Bukele only uses Bitcoin as propaganda, nothing else.

YES!

Bukele may be better than the alternative, but he is certainly not one of the good guys as most bitcoiners believe. His mass incarcerations are also very questionable. And his re-election story is also very shady. Power corrupts and he is basically a modern day dictator in El Salvador. Just because you (the average bitcoiner) like him doesn't mean it justifies the concentration of power in one man. Never give up your freedom and give it to a guy who wants power. And he definitely wants power!

0 sats \ 0 replies \ @guts 7h

I give him putting Maras in prison

157 sats \ 4 replies \ @Lux 22h

you spelled zionists incorrectly

0 sats \ 3 replies \ @mudbloodvonfrei 18h

Got a problem with Zionists?

20 sats \ 0 replies \ @Solomonsatoshi 12h

Do you deny that they own and control the US government via the fiat debt slavery banking system?

0 sats \ 0 replies \ @guts 7h

Yes

0 sats \ 0 replies \ @Lux 18h

What do you mean?

10 sats \ 0 replies \ @thecommoner 21h

I am no longer shocked when a "Bitcoiner" becomes "successful" and ends up crashing and burning....

I wish they didn't get so caught in their own ego and could stay on the path of providing value permanently -

When I look into the future I am trying to build on Bitcoin - I guess I see a different goal than simply accumulating all the Bitcoin I can....and I see it more as a record of value exchanged and less as an "asset or commodity" to hoard or HODL...

I don't think I am crazy here - but I would rather be known for having provided more value to more people than for having "acquired" more value than others -

I don't think most people see it this way yet? I think many politicians and many getting into Bitcoin look at it as something else still.

10 sats \ 1 reply \ @Akg10s3 20h

Well... the International Monetary Fund is a bad idea from Bukele, that's true!

But what that man did with the criminal gangs and murderers who were taking over that country was incredible!! That man will go down in the history books of El Salvador as the person who freed them again!!

As for security, he changed the course of that country forever!

0 sats \ 0 replies \ @Solomonsatoshi 11h

Agree he took on the criminal gangs and imo the IMF is also a criminal gang but do not judge Bukele too swiftly as the IMF are a very sophisticated gang with powerful armies and well resourced spooks and lawyer behind them. We do not know the status of El Salvadors pre existing debt slavery to the IMF. We do not know how deeply the tentacles of the IMFs debt contracts reach into the sovereignty of El Salvador- but we can estimate that based on the performance of the IMF they were already, prior to Bukele well and truly positioned to have considerable debt leverage over El Salvador and that to deal with this gang, the IMF, will require some extended and very clever strategy from Bukele.

22 sats \ 2 replies \ @Aardvark 21h

I recently got into an argument with someone over Milei. I was told that Milei was an anarcho capitalist....

The head of the state.... an anarchist.... Come the fuck on.

11 sats \ 1 reply \ @guts 7h

Anarco capitalism subreddit loves him

0 sats \ 0 replies \ @Aardvark 5h

Larpers living in their mom's basement

21 sats \ 0 replies \ @Rothbardian_fanatic 11h

Didn’t you read Perkins’ ”Confessions of an Economic Hitman”? The IMF is nothing more or nothing less than an economic terrorist organization. They are pushing the debt as a kind of drug and then pulling the rug out from under the addict. They get to foreclose on the collateral of the poor addict country. Bukele took the “One time won’t hurt” hook.

11 sats \ 0 replies \ @Fiatrevelation 19h

0 sats \ 0 replies \ @Solomonsatoshi 12h

What we do not know is the status of the El Salvador governments existing debt with the IMF. My understanding is that the IMF uses debt slavery to capture and control the sovereign governments of the world in order to force policies which suit the USA and its allies. This involves offering a country funding (debt) with all the regular strings attached- the country becomes mired in debt and thus the IMF can impose whatever it wants- Do we know the extent of El Salvadors debt to the IMF prior to Bukele coming to power? Do we know the conditions of that debt? My position is without knowing the extent of debt leverage/control that the IMF already held over El Salvador we cannot fairly judge Bukele- he may have been forced to make some sort of deal. I also reject the suggestion that all politicians are shit- they are only shit to the extent that they become owned by various lobbyists and thereby betray the promises they make to voter- ultimately imo voters are in part responsible for the quality of politicians we get and the Libertarian cynicism and outright dismissal of all politicians as shit is a fatalistic and overly simplistic take on reality and only ultimately invites the worse politicians to gain power. What we need is to be active in politics and to all be the government...because there is no way around the fact that government is a crucial factor in determining the well being and wealth of nations.

0 sats \ 3 replies \ @joda 17h

Years ago I thought El Salvador would be a Bitcoin utopia by now; it's clearly not-- if anything Bitcoin may have less acceptance and interest than two years ago.

Bhutan and US States creating Bitcoin reserves is much more interesting to me now. Apparently the world really does need to go through Store of Value phase before Medium of Exchange.

0 sats \ 2 replies \ @Solomonsatoshi 12h

Bitcoin used as SoV without any substantial use as MoE makes Bitcoin easy to capture and control- it also creates the perfect conditions for an Order 6102฿.

And Bitcoin being defined as and used as a speculative commodity SoV is precisely what is happening due to the tax rules obstruction of use as a MoE.

Many Bitcoiners including you seem unaware of the capture and control of Bitcoin that is underway and increasingly advanced...blinded by price gain greed?

0 sats \ 1 reply \ @joda 6h

Are you perhaps into Monero or, by your tone I would guess BCH?

6102 may be a real threat; it's really hard to say. I'm not worried so much about direct confiscation, as it would be entirely the obligation of the government to prove that you own (and control) any. It could however be made much more illegal to accept it or transact generally.

The common argument, among others, is that this would put the United States at a disadvantage as other countries would shift to using it and de-dollarize.

I don't think you'll find a lot of NGU peeps here. The range is pretty much libertarian to anarchist, or at least those are the outspoken ones. I think most people here want to own Bitcoin, own assets, or spend Bitcoin to get assets.

0 sats \ 0 replies \ @Solomonsatoshi 4h

Not a holder of Monero or BCH.

I searched NGU on duckduckgo and all that came up was some urinary tract infection- otherwise not sure what you mean by that term.

Yes Libertarians are loud on here. Not sure what the connection is but few on here seem to understand that without Bitcoin being used much as a p2p payments protocol it is at real risk of becoming a speculative commodity plaything and easily controlled by the legacy fiat debt slavery cartel operators- in fact this is exactly what is happening.

So much for the revolution as soon as greed stepped in...

0 sats \ 0 replies \ @7e6e393a56 17h

The promotions made by the IMF over the years since its creation: lying, stealing, killing, manipulation, intimidation, manipulation and suffering

0 sats \ 0 replies \ @Skipper 18h

There is no good politician

0 sats \ 0 replies \ @stack_harder 19h

i was listening to Nat Brunel interview max Keiser recently and while i enjoyed the interview in general, the amount of Bukele sucking was very off putting

0 sats \ 0 replies \ @jeguebra 19h

This world is like an onion, with layers of lies and deceptions

0 sats \ 10 replies \ @jgbtc 19h

It's unfortunate that the people of El Salvador didn't embrace bitcoin more. I keep hearing adoption is very low because people either are too poor to save anything in bitcoin, or are just uninterested. Either way, an incredible opportunity was missed. If widespread adoption occurred and a significant percentage of the population had stacked, the current situation would be very different.

21 sats \ 0 replies \ @Skipper 17h

adoption is very low because people either are too poor, or are just uninterested

because the people are stupid and don't bother to spend 10 hours studying btc , they rather be poor and blame the rich

21 sats \ 4 replies \ @BallLightning 18h

What do you mean "too poor"? Bitcoin should be usable by both the rich and the poor.

1 sat \ 1 reply \ @Skipper 17h

depends

if you are extremely poor (making single digit $) per week , you won't be able to afford btc(or open your own LN channels) due on chain tx fees and small UXTOs.

you will be forced to use custodials

1 sat \ 0 replies \ @BallLightning 17h

Well, this is a failure of bitcoin then unfortunately. But if bitcoin can't handle this case, you can still can use custodians as you said.

I wrote somewhere something vaguely related that it is that base routing fees make sending very small number of sats too expensive, but I was immediately attacked for, quote, "missing the plot". Go figure.

0 sats \ 1 reply \ @jgbtc 8h

I meant being too poor to save anything. Like some people just have barely enough to survive let alone stack sats. I don't how accurate this is, it's just what I've heard is one of the issues preventing more widespread adoption. I wasn't referring to transaction fees.

10 sats \ 0 replies \ @BallLightning 2h

Even if you don't have enough to stack, you should be able to use it to buy things you buy as a poor person.

1 sat \ 3 replies \ @DarthCoin OP 17h

Bitcoin adoption will never come from a gov declaring it "legal tender". That's a total bullshit.

As i always said:

What does it means that? A sovereign individual is responsible for its own actions and do not let anybody to govern him.

When people will fucking understand this simple fact, then we can talk about adoption. Until then is just bulshitism.

All these Bukeles, Mileis, and Trumps are just politician liars. People should stop giving them attention and stop being fucking slaves. You don't need any gov to tell you what you should use as money. You use what you want and fuck'em'all.

0 sats \ 1 reply \ @jgbtc 8h

I agree 100%. Central planning always fails. Only bottom up, organic adoption will have any success.

0 sats \ 0 replies \ @Solomonsatoshi 4h

Is that why China has risen to be the largest most productive manufacturing economy in the world?

Free markets are always subservient to nation states and nation states and their ability to organise the resources and power projection of their jurisdiction are crucial to the wealth of all nations.

The primary reason the west has been so successful has been its success in power projection and resource hegemony which mostly occurs via the strategy and imperatives of the nation state.

0 sats \ 0 replies \ @Solomonsatoshi 11h

So as things stand in most countries where Bitcoin is allowed it is effectively illegal to use as a MoE as to record and calculate tax on every transaction is something very few people could reasonably do. You and I might choose to ignore the law regarding use of Bitcoin for MoE because the law is BS, but we cannot expect most people to risk their liberty and freedom from prosecution in order to advance Bitcoin. Governments are an inevitable reality. Without government people are thrown into chaos and most likely poverty. How long would you last in an environment where there is no government? Most people would immediately be forced to create their own government of some sort- it is an unavoidable reality of human existence.

0 sats \ 0 replies \ @af1f6f3e17 21h

The only way is individual change in the Hoppe way. Can't have hope in politics. Only thing we can do is try to wake up as many as we can, always remembering that the masses will always be the masses, freedom if for the few wanting to listen and practice it.

0 sats \ 0 replies \ @Leonard 18h freebie

As much as i love Bitcoin, the end goal it’s an utopia, its just deep web with extra steps, the flaws of the both internet and mobile networks are not secure by design, in order to achieve what all bitcoin maxis want you will need to reshape all from 0, but of course blindly thinking that all shitcoiners are bad it’s not good for the brain, for example what is bad of Vitalik saying “we need one phone one node”? Can you apply that to Bitcoin? Starfish network design, Of course that’s the true decentralization, but again as much as you will combine and try to do something innovative the end goal and human nature will make the road paved with good intentions and will end up bad, as much as i love bitcoin, everything in life it’s a pyramid scheme, pioneers will always be there and DCA on btc it’s compound interest in its purest form if you analyze it, funny, According to the biblical account in Genesis 11:1-9 (funny equal 21), the tower was intended to reach the heavens and serve as a symbol of human pride and unity.

Now if the bad actors join, the role of maxis probably in the future will be to maintain en equilibrium between good and bad, but for how much time can they do that, you will end up like a theological monk end materialistic thinking just to maintain an order so, Vatican 2.0, mathematics it’s a belief system it’s a religion, the AI just pretend it’s logic, ritual of work it’s active and very strong.

Mathematics are well and good but Nature keeps dragging us around by the nose. Albert Einstein

which reminds me the Iggy Pop lyrics: "The fish doesn't think. The fish knows..."

Memorization of things without understanding its indoctrination.