*clears throat*
THE DOLLAR HAS MAINTAINED INFLATIONARY PACE WITH THE ARGENTINIAN PESO FOR A MONTH NOW.
Argentina's inflation is north of 110% currently.
They're printing USD into oblivion.
RunningBitcorn
savedbysatoshi@getalby.com
npub19ahg...xn5t
Boots on the ground Bitcoin and other freedom things from Argentina.
Support Bitcoin Education in Argentina!
Stacker News is dope AF.
Cars are coffins.
Next book: "Stop Reading the News: A Manifesto for a Happier, Calmer and Wiser Life"
Took the day off the internets, log on, and Russia's in the middle of a coup attempt. Wild times.
The irony of the hyper-patriotic Americans who are in favor of the sanctions on Russia is that they are being injured economically at a noticeable clip. The death of the dollar has been accelerated thanks to the US feeling entitled to police the world.
Bitcoin is becoming more and more useful with each passing day. It's pretty incredible. Kinda mind-blowing, honestly.
The Mexican peso is about to touch 17:1 against USD. When I moved to Mexico 16 months ago the exchange was north of 21:1.
AMLO (president of Mexico) chose austerity during Covid, while the Trump administration printed trillions. This is what fiscal theft looks like.
Definitely an interesting day in the lives of Argentinian Americans. #messi
In May 2023 Argentinian supermarkets raised prices 10% on average, pointing to a YoY change of 120%. The amount of human capital spent to simply keep prices updated is enough to sink many small businesses already riding the razor's edge.
If you listen closely, you can hear all the fucking $BNB shills erasing their bought promo content as we speak. Problem is that the Internet is forever. The evidence of being complicit with Binance's scams is overwhelming the effects of this will be felt far and wide.
Don't shitcoin, it's bad for you.
The Binance case sets necessary precedents to ultimately take down Coinbase because Brian Armstrong never understood Bitcoin and was a shitcoiner from the start. Just ask around amongst OG Bay Area Bitcoiners. Charlie Shrem has some anecdotes on his pod from back in the day.
People in LATAM are paying tons of attention to what's happening in El Salvador; this cannot be understated. #bitcoin is for The Americas. Goodbye petrodollar.
Reject convenience. Don't ever go soft.
Not only is Argentina experiencing inflation north of 110%, but recent statistics show that overall economic activity in April fell 4% YoY.
Catastrophic doesn't even begin to describe the crisis the country is currently navigating thanks to broken money and corrupt government.
I wonder when Schiff's gonna capitulate on gold/Bitcoin. 🤔
If we fix the money, they can't finance war. This is why we Bitcoin. Happy Memorial Day.
This whole US Government Debt Ceiling fiasco is peak-fiat. The US Government is so, so broken. At this point there's a strong case for those that believe it's irrevocable.
Over the course of the past 3.5 years that the current Argentinian administration has been in power, the national economy has lost an average of 12 business per day. Staggering.
We're out here in Mexico City orange-pilling street taco vendors, mi gente. Winning hearts and mind and spreading the message that Bitcoin is for literally everyone.
Financial inclusion is the way forward.
Bullish AF on LATAM.