The U.S. Treasury just bought $20B of Argentine pesos instead of buying $20B of Bitcoin (165,000 BTC).
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Discussion
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Printing money and giving it to a third world country...
Its free and convenient...
This is fiat standard.
This is how true economic aid looks like.
Where are all the critics of the economic aid to Israel? Where is Candace Owens? Crickets.
At least with the aid to Israel the US gets something in return...
I really wanted Argentina to become a libertarian paradise but this doesn't seem to be the road leading there.
I also don't want any government to buy any assets or currencies because it doesn't come at a cost to them, it just distorts asset prices.
Me too 🎯