Posted on 12/25/2023 6:15:04 AM PST by MtnClimber
How are they gonna do that? Honestly, thats the main point of bitcoin. I’ll just go to another country to sell and cash out. And yes…it would be worth it.
Anyway, the government is about a week away from approving a group of ETFs for bitcoin. It’s too late to “ban” it.
[snip] Hyperinflation is a big problem in Argentina, because the government just printed the money needed to pay for its desires. Now, people can set contracts in any currency they want. That means instant dollarization for those who want it.
The government is stopping its micro-management of wine, grain, and meat. Now farmers will be able to buy and sell as they please, not as the bureaucrats give permission. Meat prices have already dropped.
The government owns or controls many industries, such as the oil industry, which has been forced to sell gasoline below its cost. Gas prices have already risen, and when customers were asked about the higher prices, some responded “its the price of freedom” Privatization of nationalized industries will begin. [/snip]
Reality sets in.
This is very interesting. And after allowing all business to be done in dollars, inflation has become irrelevant as it is counted in pesos.
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