Greetings from Argentina.
BTC ATH and all your normie friends hitting you up by end of January .
That's the note.
You think this is going to be a flash in the pan, dude? This is an ocean of capital coming BTC's way. The implications are bananas.
The vast, vast majority of us were drawn to Bitcoin for "NGU" (number go up). We just wanted to get rich quick, which is why we see the cyclical nature of the bull runs play out on the regular.
Some of us stick around. The rabbit hole beckons.
How many former-normies are going to peer down the rabbit hole in 2024?
I, for one, welcome the BTC class of 2024 with open arms (cue Creed). I don't care if you're a Wall Street suit or a main street plumber simply looking to accept BTC for your services. Bitcoin is for everyone.
LFG
Currency competition. Let the best money win out. No coercion.
Greetings from Argentina.
Admittedly have been completely consumed with the implications of the spot ETFs. This is the American side of me.
Say what you will about this development, but it's going to orange pill so many goddamn people our heads are going to spin.
Wall Street is a trojan horse for separating the money from the government. Crazy take, I know.
Are you ready, anon?
Greetings from Argentina, you freedom-loving Nostriches.
Below is a visual of the BCRA's monetry emission over the past 12 months in terms of national GDP. Absolute INSANE amounts of printing.
Sergio Massa used taxpayer money to finance his presidential campaign. If you live down here you can confirm the ocean of pamphlets, billboards, flyers, volunteers, temporary office rentals, etc.
All of this was financed with taxpayer money, mortgaging the future purchasing power of the peso in order to win an election, with zero fiscal accountability.
This is why the money needs to be separated from despotic politicians and government. This is why we Bitcoin.
Greetings from Argentina, you freedom-loving Nostriches.
President Javier Milei has formally requested an exhaustive audit of former president Alberto Fernandez's expenditures.
The skeletons in the closet are countless and a testament to why we need to separate the money from the State.
This is why we Bitcoin. This is why Bitcoin education is so desperately needed. Once people realize that inflation is now a choice, we win.
Imagine thinking that Bitcoin could be shut down, lol.
Greetings from Argentina, you freedom-loving Nostriches.
The huberis surrounding the Javier Milei megadecree in Argentina is astonishing, especially if one ventures out to see what the MSM have to say as they flood the airwaves with worthless takes and toxic sensationalism.
Be intentional about your information intake, anon. I'll keep trying to give more boots-on-the-ground signal.
Greetings from Argentina.
"Don't touch. For change only."
When money fails.
No hay plata, criollos sí.
Greetings from Argentina, you freedom-loving Nostriches. President Javier Milei’s austerity measures continue to generate shock and awe from yours truly. They’re systemically uprooting all the bloat generated/created by the previous socialist governments, who have destroyed until amounts of wealth in this country. Today it was announced that over 160,000 food stamp beneficiaries we’re getting kicked out of the program utilizing a hilarious metric: these people were collecting hardship money from the government but they still had the money vacation abroad. Over $10B pesos a month were being counterfeited and paid out to program abusers. The corruption is being revealed and I would love to see some criminal investigations come out of this because at the end of the day we’re talking about theft. The Milei Administration is working overtime to right the ship. Typically zero work is being done at the Casa Rosada this time of year, but the legislative initiatives continue to roll out in an attempt to minimize the damage done by the Kirchnerista-fueled inflation bomb that was dropped in their laps.
Greetings from Argentina you crazy Nostriches.
It's 90F (sorry I'm from the US, that's like 33 or 34C with humidity) and we're flocking to the barbecues and the rivers here in the beautiful province of Córdoba(sed).
Christmas doesn't come for me until:
a) The BCRA, Argentina's Central Bank, is officially eliminated
and/or
b) The Bitcoin ETF is approved and starts trading (read: BlackRock gets the green light).
Regardless, I'm optimistic AF for 2024 and I hope you're finding a reason to get on my level. We're separating the money from the government, folks. What a time to be alive.
Un abrazo grande a todos los Nostriches del mundo y gracias por su apoyo durante el último año, los quiero mucho.
-You're favorite Argentinian-American
Oh my. Clutching pearls.
Greetings from Argentina, you freedom-loving Nostriches.
Let's keep riffing on the Milei deregulatory megadecree, shall we?
It simply can't be understated how counter-cultural these past two weeks have been. The world has become accustomed to government metastasizing. The "First World" has let government creep into every single facet of life. It's bloated, bureaucratic tentacles are everywhere.
This was the case in Argentina as well up until last week. 30% of the population was suckling on the State’s teet (government employees), with huge swathes of the population collecting state checks without even working. Naturally any election was akin to convincing the turkeys to vote for Thanksgiving.
Miraculously enough, despite the nonsensical gobbles from the pro-government turkeys, Milei’s election has shown that Argentinians are craving a veritable Thanksgiving feast. We’re talking the legislative version of a turkey dinner. Let the games begin.
Friedrich Hayek himself would be packing his bags and moving down here. Let’s entertain the thought:
Why Hayek Would Be Packing His Bags for Argentina Today: Milei's Megadecrees and The Lure of Deregulation
1. Hayek, a titan of economic thought and a staunch advocate of free-market capitalism, would have found today's Argentina a fascinating case study. Under Javier Milei's bold economic deregulation, Argentina has embarked on a journey that resonates deeply with Hayek's core principles. Hayek's advocacy for minimal government intervention and a robust, unbridled market aligns seamlessly with Milei's megadecrees, which have dramatically deregulated the Argentinian economy.
2. Milei's Megadecrees - A Hayekian Dream: Milei, a figure who has taken the global economic stage by storm, champions policies that would have been music to Hayek's ears. The megadecrees, aimed at reducing government control and fostering economic freedom, mirror Hayek's vision of a society where the market's invisible hand guides economic progress. This radical shift towards deregulation and privatisation marks a potential turning point for Argentina, making it an ideal destination for Hayekian enthusiasts.
3. The Argentine Laboratory: Argentina, once mired in economic policies antithetical to Hayek's teachings, is transforming into a laboratory for his ideas. The shift from a heavily regulated economy to one embracing free-market principles presents a unique opportunity to observe the outcomes Hayek predicted. The nation's pivot towards deregulation offers a real-time, large-scale experiment in Hayek's theories, providing invaluable insights into the practical applications of his economic philosophy.
4. The Global Implications: Hayek's hypothetical move to Argentina isn't just about Argentina. It symbolises a beacon of hope for free-market advocates worldwide. As countries grapple with economic turmoil, Argentina's bold steps under Milei could serve as a template, or at least a point of reference, for nations considering similar reforms. Hayek's presence in Argentina would have been a powerful endorsement of Milei's policies, potentially influencing economic thought and policy beyond Argentina's borders.
5. The Legacy and The Future: Hayek's theoretical relocation to Argentina is more than a mere thought experiment; it's a testament to the enduring relevance of his ideas. As Argentina navigates the choppy waters of economic reform, the ghost of Hayek looms large, reminding us of the timeless nature of his economic philosophies. Whether Argentina's journey under Milei's deregulation will vindicate Hayek's theories remains to be seen, but one thing is certain: Hayek's ideas are as pertinent today as they were in his time, and Argentina is now at the forefront of this economic adventure. If you reached this part, thanks for reading. I’m a Bitcoin educator with Mi Primer Bitcoin, launching Argentina’s first Light Node in the country. We’re committed to free, impartial, and independent Bitcoin education. Please follow along as I continue to shine a light on Argentina’s currency competition experiment.
Thank you for the kind words.
Greetings from Argentina.
Let's talk more about President Javier Milei's megadecree, shall we?
Milei's recent decree to allow citizens to transact in whatever currency they choose marks a significant and peaceful shift in the nation's economic policy. This move can be seen as a testament to the principles of free-market economics, where the freedom of choice and competition are fundamental.
By allowing multiple currencies to circulate and compete, President Milei is effectively enabling the most efficient and trusted forms of money to emerge naturally, based on the preferences and needs of the people. This decision not only fosters a more competitive and resilient economy but also aligns closely with libertarian economic philosophies.
Murray Rothbard aptly resonates with this theme: "The free market is the name for the array of all the voluntary exchanges that take place in the world." Rothbard's emphasis on voluntary exchanges echoes Milei's approach, underscoring the belief that economic freedom is a cornerstone of a prosperous and stable society.
In essence, President Milei's policy is a peaceful solution that respects individual choice and embraces the inherent wisdom of the free market. By allowing people to choose the best money for their transactions, the policy paves the way for a more dynamic and responsive economy, rooted in the principles of liberty and free enterprise.
The key change for the road ahead of us in Argentina is that coercion has no place in private contracts. Once people get a taste of that freedom there's no going back.
It's a breathtaking place on Earth. Don't trust, verify ;)