IF THERE IS AN ESCAPE THAT ESCAPE WILL BE USED
https://video.nostr.build/debea80281eb66e89053f50e6640fa09a37e545e64100dc5ed7071362a9f76fe.mp4
FFS she's really doubling down on the completely debunked laundering accusations. Shut down the USD if that's a concern.
Greetings from Argentina you freedom-loving Nostriches.
Javier Milei's Ley de Omnibus was passed in the Congress's lower house with a 56% majority vote, with two supposedly two pro-Libertarian deputies curiously voting in favor of keeping around the bureaucratic rat's nest created by the Kirchnerista administrations. There will most likely be repurcussions to that from their voters. One has to wonder if extortion is in the mix.
In further anti-corruption news, food stamp benefits will no longer be disbursed to various corrupt entities previously in charge of further distribution of funds. Rather, the Milei administration has proposed distributing funds directly to soup kitchens around the country, eliminating unnecessary middlemen and potential for squandered funds.
On a personal note, my Dad's best friend's church ran a soup kitchen here for more than a decade and it's incredible to see how far funds can go here. I met so many good people who simply were victims of corrupt collectivist economic policy for the past 60 years. Would be fascinating to see how much further funds could go with NGOs operating on a Bitcoin standard. Fix the money fix the world, right?
We are still so damn early.
This week debate in the upper house of Congress begins in earnest and most likely will take a bit longer, but there is a strong tailwind that will hopefully encourage expediency bc the economy is FUBAR until we rip apart this bureaucratic nightmare created by corrupt collectivist mafiosos.
To put things in perspective, statistics reveal that the average Argentinian entrepreneur has to spend 90 business hours a year simply taking care of fool's errands created by the previous administration. That equates to roughly 3 weeks a year of just running around like a chicken with its head cut off to simply remain compliant. We're the world champs at bureaucracy as well as fútbol. DALE CAMPEON!
I spent FIVE YEARS running around nearly every single federal/provincial office here in Córdoba attempting to set a legal precedent with my dual citizenship (my father left Argentina in '69 and didn't show up in the current system). I left no stone unturned. I'd walk into certain offices and the employees would greet me and share mate with me, lol. Upon achieving success with my case I quite literally HAD FEDERAL EMPLOYEES ASKING ME HOW I CUT THROUGH THE RED TAPE. Shit you not. Anyways...maybe a story for another time; that's the tip of the iceberg.
OK, quick little Sunday dispatch. We'll chat a bit about the situation with the upper house debates and the ridiculousness that will inevitably ensue. Until then, stack sats and tell your family you love them.
Greetings from Argentina you freedom-loving Nostriches.
Milei's Omnibus Law is a done deal. They got it done in a month during vacation time (when usually absolutely nothing happens). It can't be understated how impressive this is.
600 repeals were initially proposed and 386 survived, with the more contentious issues still to be debated down the road. A massive tour de force, quite honestly.
This is just the beginning of unraveling the economic clusterf*ck implemented by the previous Kirchnerista administrations.
Today is a very, very good day for economic freedom in Argentina. Celebrate with me. Details to follow. Bullish AF 🔥
Greetings from Argentina you freedom-lovings Nostriches.
Rumors are swirling about that Milei's Omnibus Ley is getting passed tomorrow. Certain compromises have been made and other more hotly-contested issues need to be ironed out with the socialist cucks, but dependable sources are saying it's a done deal after tomorrow's vote.
Most experts were saying this wouldn't be happening until March, but here we are and they got it done before February could even announce its arrival.
Stay tuned for updates tomorrow if I manage to jump online after moving into my new penthouse I'm paying $400/month for.
VLLC
Greetings from Argentina you freedom-loving Nostriches.
Let's talk about Javier Milei's administration continuing to shrink the government down here, shall we? Hopefully this puts you in a good mood on this beautiful Monday.
The Secretary of Commerce, Pablo Lavigne, recently announced SIXTY NINE (insert meme) new repeals to the bureaucratic fever dream created by the previous Kirchner administrations. It's truly unbelievable how much government overreach was created in the past few years.
The goal of the repeals is to encourage more transparent, less bureaucratic domestic commerce, encourage competition, and to effectively throw off the bureaucratic straight jacket of socialism placed on Argentinian entrepreneurs by the fucking Peronistas who have all but killed off the country’s economy and perverted incentives.
The rate at which the Argentinian economy's architecture is changing is making my head spin and I have zero complaints. I had no idea how apt the chainsaw memes would turn out to be. Bullish AF on Argentina. LFG
Here’s a short summary of just some of the new changes:
-Price controls…AFUERA!
-System for Inspection of Signs and Labels (SiFIRE)…AFUERA! That's right...the government would literally attempt to control small business advertisements.
-Rules in regards to how to display products of the same category on market shelves…AFUERA!
-Additional display space regulations for assorted retail products…AFUERA!
-Measuring instruments for inspectors to enforce supply in supermarket aisles…AFUERA!
-Encouraging companies to increase production to the maximum of their capacity so that there are no shortages in the near-term
-Price caps for products in the basic basket…AFUERA!
-"Training and Knowledge Economy Program" for Municipalities…they’re literally teaching the socialists how to survive in a free and open market rather than depend on taxpayer-funded handouts (that we continue to pay for).
-Deregulation of licenses for importing MERCOSUR products
-Initiation of “Access to Argentine Regional Products" program in large sales areas
-The SIRIP computer system that functioned to control/manipulate market prices…AFUERA!
-Amount of share capital from which the Corporations were subject to permanent state supervision…GONE
-Obligation of universities to inform the state of their tuition fees
Shoutout to BowtiedMara on the bird app
Greetings from Argentina, you freedom-loving Nostriches.
Ludwig von Mises on why Argentina needs austerity to overcome the previous administration's crippling inflation:
“Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation. If in the course of such an inflation the rise in commodity prices exceeds the rise in nominal wage rates, unemployment will drop. But what makes unemployment shrink is precisely the fact that real wage rates are falling.”
You're preaching to the choir, friend, all the while missing the intent of Odell's post. Less noise, more signal.
Well duh, but the idea here is to provide solutions that are plug-n-play, not for the technically-sound who are spinning up self-hosted firewalls etc.
"Just wanted to thank you and say good fucking job for pouring your life's energy into working in Bitcoin. Hugs and kisses."
Glad you found it useful. I'll try to do more boots-on-the-ground stuff moving forward.
Always welcome, hermano. Follow Bitcoin School on Twitter, that's my Bitcoin education initiative in Córdoba, Argentina. Hit me up if you ever make it.
Greetings from Argentina, you freedom-loving Nostriches.
Wow, so Milei went to Davos and punched the WEF in the mouth. Que locura!
It was the central planner Ricky Gervais moment administered by a current head of state. Absolutely epic.
Let’s quickly summarize things, shall we?
Milei passionately argues that the Western world is in peril, not from external threats, but from internal ideological shifts towards socialism and collectivism, which he believes inherently lead to poverty and societal decay.
Milei employs a historical perspective to bolster his argument, pointing to the exponential economic growth and reduction in global poverty directly correlated with the adoption of capitalist principles since the 1800s. He asserts that capitalism, far from being a cause of societal woes, is the only viable economic system for eradicating poverty on a global scale.
Milei emphasizes that this system is not just economically superior, but also morally desirable, challenging the notion that capitalism is inherently unfair or exploitative.
Critiquing modern economic theories, Milei warns against state interventions labeled as remedies for market failures. He argues that such interventions, often under the guise of achieving social justice or correcting market inefficiencies, actually lead to reduced economic growth, freedom, and prosperity.
Milei posits that these policies, rather than solving problems, create a downward spiral of regulation and control, ultimately leading to more poverty and less freedom.
Concluding his speech,
Milei calls for a revival of libertarian principles—respecting individual liberty, private property rights, and limited government. He portrays entrepreneurs and private enterprises as heroes of economic prosperity, urging them to resist state encroachment and excessive regulation.
Milei's message is clear: the path to sustained prosperity and freedom lies in embracing and protecting the principles of free-market capitalism. Government intervention? Afuera!
Greetings from Argentina.
Learned a lot about ETFs today. Long story short, on-chain settlement only happens once a day, from what I've gathered.
The suits have no idea how quickly BTC could rip and leave them with their pants down.
Lots of questions still surrounding those financial vehicles.
A lot could go wrong quite easily.
Buy BTC and self-custody and you sleep like a baby.