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10 sats \ 1 reply \ @Solomonsatoshi 23 Dec \ parent \ on: IMF and El Salvador bitcoin
Prior to Bukele coming to power the IMF already had its claws deep into the El Salvador government in terms of existing debt obligations.
WTF is Bukele spose to do wave a magic wand and remove the pre-existing debt?
The proposed idea of BTC bonds seems to have not yet borne fruit so he is forced to agree to some form of extending the existing debt funding.
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7 sats \ 0 replies \ @Rothbardian_fanatic 23 Dec
They are doing the same thing the Mafia does in the US. They make the loan and when the borrower cannot pay the vigorish, trouble starts and property is taken. I understand that he inherited a lot of debt from the previous government, perhaps he can find a way out. We need to do the same, here in the good ol’ USA.
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