Global bond markets are collapsing. Sounds about time for a good ol' Israel vs. Palestine conflict to turn heads. Honestly who cares who you stand with, lol.
Opt out of money that finances forever wars. Opt out of fiat. We Bitcoin so they can't finance war.
RunningBitcorn
savedbysatoshi@getalby.com
npub19ahg...xn5t
Boots on the ground Bitcoin and other freedom things from Argentina.
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On Currency Implosion in Argentina, the Death Rattle of the Peso:
I remember when I first moved to Argentina in 2009 that the local football club, Club Atlético Talleres, was reportedly selling off air conditioning units in its stadium to keep the club afloat financially.
Well, the air conditioners are getting ripped out of empty (or occupied) apartments to keep the country afloat. The same economic circumstances that Talleres found itself in 15 years ago is the micro version of Argentina currently.
If you look at apartment buildings you can see the evidence in front of your eyes. Air conditioning units ripped out left and right, sold for cash. Where once every unit in the building most likely had AC, it's now hit or miss.
It's the small symptoms like this that reminds residents of how tough life is becoming under a failed currency. The only people who continue to transact in the Argentinian peso are doing so due to the threat of violence (read: AFIP coming after them).
If the Central Bank is eliminated, or at least the legal mandate to transact in pesos, the country would dollarize over night, regardless of political affiliation. This is why the presidency of Javier Milei is garnering so much attention: they are done living under failed currencies.
They understand the necessity to separate the money from the State. They're Bitcoiners and they don't even realize it. This is why Bitcoin Education in Argentina matters. This is why I've moved back.
Greetings from Argentina! We're nearly TWO WEEKS away from the presidential elections. Pro-Bitcoin candidate Javier Milei is still favored to win, but anything could happen. An anxious moment in the country's history, without a doubt.
Regardless, my work here in Bitcoin education will continue.
"Seamos libres; lo demás no importa nada." -José de San Martín
"Let us be free, the rest matters not." -General José de San Martín, Liberator of South America
On Currency Implosion in Argentina:
If you make the mistake of posting the price of something in terms of pesos, you've really fucked up. For example, in my temporary rental they have a sign posted, "No Smoking, fine: 1000 pesos", which I'm sure was hefty enough when that sign was posted, but now it means that the fine is worth about $1.11 USD.
Smoke 'em if you've got 'em.
The ability to mute NPCs on Nostr is priceless.
The Argentinian peso has now touched the 900:1 exchange on crypto markets. When I first lived here 14 years ago it was at 3.4:1
Power corrupts, always. This is why corrupt institutions like government need to be separated from the money.
This is why we Bitcoin.
So, you say you want to know how much a dollar is worth in Argentina? It's complicated. This is why the government needs to be separated from money.


Buenos Aires Herald
All of Argentina’s dollar exchange rates, explained - Buenos Aires Herald
Do you know your Qatar dollar from your Coldplay dollar? Your blue dollar from your blue chip swap? Here’s a guide from the Herald
It should be noted that Javier Milei, Argentinian presidential frontrunner did not mention dollarization once in the presidential debates on Sunday night. That is because he's simply advocating for elimination of the Central Bank and the ensuing currency competition. There's a difference between pushing for a certain solution and allowing the citizens to transact in the money they wish to use. That's what real democracy looks like. Of course dollarization is a foregone conclusion, but this allows Argentinians the freedom to be financially nimble and transact how they choose.
Will the USD be the world's last fiat global reserve currency?
Argentinian presidential candidate Sergio Massa's best solution to the crippling inflation is to create a "digital peso."
This is the definition of insanity, when you simply do the same thing over and over hoping for a different outcome.
There is evidence everywhere of the current Argentinian administration doing everything within it's power to close off its citizens from the outside financial world. Currency manipulation at its worst. Dollarization is inevitable, but this is a short-term solution. Biticoin is the endgame. Separating money from government has to happen.
Argentina is infected with Stockholm Syndrome. There millions of people who are doing everything in their power to dollarize, but still vote to re-elect corrupt politicians who are crushing attempts to opt out of the worthless peso. It's honestly fascinating to witness. The cognitive dissonance is staggering.
Day 1 back in-country in Argentina after 7 years abroad. Lots of emotions and observations arriving to a country in the midst of it's worst-ever financial crisis. Motivated AF to educate people on the separation of money from government. LFG
"Bitcoin incentivizes cooperation."
-John Dennehy on the need for Bitcoiners to support Bitcoin education
For years the Argentinian government has regulated the price of the Big Mac in order to maintain the appearance that they haven't printed the Argentinian peso into oblivion. If you're not familiar with the Big Mac Index, then I urge you to go down that rabbit hole, it's a fun one. If this is the level of petty deceipt corrupt politicians and bankers devote their time to in a public-facing manner, imagine what's going on behind the scenes.
The USD hasn't gained ground on the Argentinian peso whatsoever this month, in case you're wondering where inflation's really at.
(inflation of the ARS this past month came in at just under 13% FOR THE MONTH OF AUGUST, NOT YEAR OVER YEAR)
Argentina just passed a law where the government will reimburse you for the sales tax you’ve paid on groceries if you earn under a bureaucratically-determined amount. The problem is that everyone knows how to game the system so that they look poverty-stricken on paper. Yet another ass-backwards measure taken by populists trying to buy votes. This is why we need to separate the money from the State.
Celebrity worship is cringe AF.
The SEC is in the business of telling people that they can’t create legal tender out of thin air. The SEC can’t go after anyone when it comes to Bitcoin.
This is how I explain securities and commodities to normies.
Just had an orange pill convo with my handyman here in Mexico City. He’s in his 60s and immediately grasped the need to separate money from government. Bullish AF on LATAM.
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