I think bonds are too complicated, but from what I'm reading, these UK pension funds invested in these things and levered up (used as collateral) Bank of England gonna save them, though, right? coz BOE can print fiat shitcoins... Yea, I think El Salvador is doing much better, they are buying back their bonds without the ability to print fiat, their national currency is the USD
Crime violence down -95%? LOL GTFO Are they trying to compete for some Government propaganda prize among corrupt third shitholes? Johnarb, I know you are in love with BTC but BTC rollout in El Salvador is a dystopian regime. Everything is monitored & KYCed, via the required app that all citizens & resident HAVE to use if they are to utilize the BTC as the country's payment standard. Oh, and the app is not even an El Salvadorian entity, it's a US or European multinational corporation. Remove the whole BTC gimmick and it's basically a dystopian nightmare being imposed. Yet BTC maxis rejoice. How ironic.
Bukele and MS13 broke the truce. The El Salvador army locked up all the MS13 gang members and other gangs You don't have to believe me, do your own research
If even true, a temporary blip. One has to be smoking some serious hopium to think that will last. Unless it becomes forced into an oppressive regime, where "crime" does not really exist. Akin to Stalin's rule. Considering the damage the dollar is doing to all of the third world and the wonderful BTC dystopia experiment, it is definitely a possibility.
Bukele is already trying to change the constitution so he can hold on to the power much longer. He has majority support, plus he controls congress and judicial system through family members in power and many friends and allies But look at the results. I'm not going to judge El Salvador by subjective metrics, but by the hard KPI numbers Go look at my post regarding bond repurchase, double digit GDP growth, 2.7 pp of GDP tax revenue growth and other metrics and all the IMF and WEF funded media cannot change those results El Salvador is saying f*ck you to the IMF since they don't have to borrow from them anymore Argentina on the other hand has to bend over and take it from behind when IMF told them no Btc adoption. Too much debt and too many corrupt cantillionaires in power
El Salvador just paid the $800M loan plus interest but no one's going to talk about it after all the hundreds of articles saying they will default Prolly nothing...
Great! Now can we call this dictator's little experiment a bust? Nobody is using bitcoin for payment there... https://www.economist.com/the-americas/2022/11/17/el-salvadors-bitcoin-experiment-is-not-paying-off
"I attempted to spend two weeks travelling in El Salvador living on Bitcoin. I tried to pay for every single thing with Bitcoin, or Satoshis, small amounts of Bitcoin. Spoiler alert, I failed. Outfoxed by car hire companies (fortunately my car of choice was not Fiat); stubborn restauranteurs, a parking meter, pupusas, and a fancy dress shop where I was obliged to purchase a multicoloured wig with a $5 bill, I could not survive in “Bitcoin Country” on Bitcoin alone. " https://cointelegraph.com/magazine/what-actually-use-bitcoin-el-salvador/
Prolly paid for with profits from that bitcoin volcano! Or maybe, Bukele forgot to mention ... https://www.bloomberg.com/news/arti...salvador-repaid-maturing-bond-dodging-default But I give El Salvador credit -- it's better for them than defaulting.
Volcano bonds not out, yet, but coming soon™️ Yes, you gotta love the wording of the article, imf and wef sponsored hit pieces never give up El Salvador paid off the loan that were due this month, hundreds of articles from last year said El Salvador was going to default on. I even quoted the post for Pekelo with a Moody's article