>Range Rover evoque = not a very reliable car apparently. So i've been reading on el salvador and the other small countries that want to adopt bitcoin.....oh boy has the IMF lost its shit over this. El Salvador WILL need an IMF infusion of funds in two years, that is a certainty. IMF has them by the balls. UNLESS (since they own 500 million of btc now ?) bitcoin moons, and then they can sell some and tell the IMF to go back to washington.
Why will El Salvador need money from the IMF? Or from anywhere else?
This is a very interesting question. I do not know, but I assume the IMF already has ES by the balls debt wise. Seems to me what the IMF does is enslaves "developing" nations with debt. Loan them money with all the beautiful cantilon effects that the "leadership" of the country reap, and their end of the deal is to keep cranking out bananas, or coal, or nuclear power, or coffee, etc (all the while using the right "partners" in these businesses). But now they are doing it to pay back the loans.
This is actually one of the reasons why I think Bukele might actually be a net good actor (or maybe I am a rube?) because of all the things he could do to try to stimulate his country financially he picked the hardest one for him to personally benefit from. We live in a world where he is proudly announcing that his whole country is buying lots of Bitcoin in amounts which certain llamas, for example, probably have in hot wallets on change addresses.
The main way he has to benefit from this is to ACTUALLY enrich his country. Or I guess he could start skimming with Chivo. And I do expect some sort of sales tax sort of thing ends up in the mix. Then again he's pioneering a way forward, not only for all the developing (enslaved by the IMF) countries but even for the big dogs... They did the deal SO FAST. It's as if he knows that if he has a shot to break out of this debt jail he is going to have to run as fast as he can in the dark while the spotlights are sweeping the other ways... Just in this case that looks like mandating BTC, and hooking up miners to volcanoes ASAP.
I hope he is generally wearing a bullet proof vest. And mostly it is body doubles doing his speeches.
