The death of the petrodollar spells freedom and justice for the rest of the globe, especially for Latin America. Bullish AF on LATAM.
SHOCKING! Reports that the IMF's deal with Argentina in 2018 was fraught with embezzlement and all sorts of misappropriated funds.
This is why government needs to be separated from the money. This is why we Bitcoin.
https://buenosairesherald.com/economics/official-report-macris-imf-agreement-broke-laws
Where can I follow someone who's putting the shitcoinery at #Bitcoinmiami2023 on blast? I want to see the money changers driven from the proverbial temple.
PSA: Money (read: data) scales in layers. This is nothing new. Any assertions to the contrary are clearly coming from an ignorant source. #bitcoin
Let’s get this party started. What we talking about?
With April data now out, inflation in Argentina has reached 108% year over year.
108 fucking percent. Imagine your salary effectively losing 10% of its purchasing power every. fecking. month.
And the IMF and BCRA (Banco Central de la Republica de Argentina) want to shut down all possible exits for the people of Argentina.
Central banking needs to be eliminated yesterday. This is why we Bitcoin.
RAAS
Bluesky doesn’t solve any of Twitter’s issues at the end of the day. Bluesky will end up building on Nostr.
61.6% of the Argentinian population is now officially living in poverty thanks to disastrous economic decisions made by clearly unqualified, unelected bureaucrats in the Argentinian Central Bank. 8.2 MILLION children living in poverty in a country that was poised to be a world power along with the United States at the turn of the 20th century.
Cual es la mejor app Nostr/LN en tu opinión? Buscando jugar con algunas como Alby
Argentinian culture sidenote:
Government employees are often referred to as “ñoquis” after the national tradition of making the traditional potato-based pasta at the end of every month while the majority of the public pinches pennies to make it to their monthly payday.
They’re called “ñoquis” bc the common reputation amongst these freeloader bureaucrats is that they only show up at the end of the month to grab their paychecks, leaving government offices unattended or under-staffed for the vast majority of their operating hours.
According to Argentinian newspaper Clarín, government sector employees “earn” more than 6x what the average Argentinian citizen earns by the sweat of their brow.
This is why we separate the money from government. This is why we Bitcoin.
As if hyperinflation wasn’t bringing Argentina’s economy to its knees, it’s now being confirmed that this year’s soy crop in the country’s most productive regions will be at 80% below normal harvest levels due to drought.
This is a cautionary tale to other countries where Monsanto is knocking on your door and against monocultural agriculture in general.
Sorry...between now and March 2024*
Argentinian authorities are now taking measures to minimize taxes paid by landlords to alleviate the absolute avalanche of properties being put up for sale. Why?
Thanks to hyperinflation, renting to someone in pesos makes zero sense, even with the new legislation that mandates an annual adjustment according to some bullshit government-baked inflation statistic.
For example, a friend just renewed her lease under the new law; her rent was augmented 60% in pesos when in reality it should've been closer to 100%. That means that with every passing day, landlords are collecting less and less in rental incomes, eventually forcing sales.
My friends tell me that real estate agents are so flooded with properties that they simply don't have the time to perform all the showings that are requested. Owners are so fed up with the current situation that they are turning to offering owner-direct contracts, which often puts them at risk if they don't know how to protect themselves properly from squatters (who are another epidemic altogether currently).
Argentinian bureaucrats continue to contrive near-sighted and ultimately feckless legislation to cover up their missteps with the IMF and the domestic currency.
This is why money needs to be separated from government. This is why we Bitcoin.
It is currently estimated that the cost of food in Argentina will increase in pesos by 200%.
According to various metrics the BTC ban has failed in China, arguably the most technologically-capable authoritarian nation state (we won’t get into how the US is probably more authoritarian in all reality, LARPing as freedom advocates). This is pure signal.