Greetings from Argentina you freedom-loving Nostriches. I've been trying to distill what's taken place down here over the past 72 hours and it just keeps getting better. Legit post coming soon, but I had to jump on to the Nostr to mention what just came out: Milei just cut discretionary spending doled out to the provinces by 98%. Holy hell. That's what you get for betraying the will of the people, mfers. The entitled political class has been put on notice that you don't fuck with the democratic process under the Milei administration. I'll have a more solid, boots-on-the-ground dispatch for y'all tomorrow. Time to get offline and go touch grass, or whatever the kids are saying these days....

Greetings from Argentina you freedom-loving Nostriches. Javier Milei's Ley de Omnibus was passed in the Congress's lower house with a 56% majority vote, with two supposedly two pro-Libertarian deputies curiously voting in favor of keeping around the bureaucratic rat's nest created by the Kirchnerista administrations. There will most likely be repurcussions to that from their voters. One has to wonder if extortion is in the mix. In further anti-corruption news, food stamp benefits will no longer be disbursed to various corrupt entities previously in charge of further distribution of funds. Rather, the Milei administration has proposed distributing funds directly to soup kitchens around the country, eliminating unnecessary middlemen and potential for squandered funds. On a personal note, my Dad's best friend's church ran a soup kitchen here for more than a decade and it's incredible to see how far funds can go here. I met so many good people who simply were victims of corrupt collectivist economic policy for the past 60 years. Would be fascinating to see how much further funds could go with NGOs operating on a Bitcoin standard. Fix the money fix the world, right? We are still so damn early. This week debate in the upper house of Congress begins in earnest and most likely will take a bit longer, but there is a strong tailwind that will hopefully encourage expediency bc the economy is FUBAR until we rip apart this bureaucratic nightmare created by corrupt collectivist mafiosos. To put things in perspective, statistics reveal that the average Argentinian entrepreneur has to spend 90 business hours a year simply taking care of fool's errands created by the previous administration. That equates to roughly 3 weeks a year of just running around like a chicken with its head cut off to simply remain compliant. We're the world champs at bureaucracy as well as fútbol. DALE CAMPEON! I spent FIVE YEARS running around nearly every single federal/provincial office here in Córdoba attempting to set a legal precedent with my dual citizenship (my father left Argentina in '69 and didn't show up in the current system). I left no stone unturned. I'd walk into certain offices and the employees would greet me and share mate with me, lol. Upon achieving success with my case I quite literally HAD FEDERAL EMPLOYEES ASKING ME HOW I CUT THROUGH THE RED TAPE. Shit you not. Anyways...maybe a story for another time; that's the tip of the iceberg. OK, quick little Sunday dispatch. We'll chat a bit about the situation with the upper house debates and the ridiculousness that will inevitably ensue. Until then, stack sats and tell your family you love them.

Greetings from Argentina you freedom-loving Nostriches. Milei's Omnibus Law is a done deal. They got it done in a month during vacation time (when usually absolutely nothing happens). It can't be understated how impressive this is. 600 repeals were initially proposed and 386 survived, with the more contentious issues still to be debated down the road. A massive tour de force, quite honestly. This is just the beginning of unraveling the economic clusterf*ck implemented by the previous Kirchnerista administrations. Today is a very, very good day for economic freedom in Argentina. Celebrate with me. Details to follow. Bullish AF 🔥

"The future is already here — it's just not very evenly distributed." -William Gibson

Greetings from Argentina you freedom-lovings Nostriches. Rumors are swirling about that Milei's Omnibus Ley is getting passed tomorrow. Certain compromises have been made and other more hotly-contested issues need to be ironed out with the socialist cucks, but dependable sources are saying it's a done deal after tomorrow's vote. Most experts were saying this wouldn't be happening until March, but here we are and they got it done before February could even announce its arrival. Stay tuned for updates tomorrow if I manage to jump online after moving into my new penthouse I'm paying $400/month for. VLLC

Greetings from Argentina you freedom-loving Nostriches. Let's talk about Javier Milei's administration continuing to shrink the government down here, shall we? Hopefully this puts you in a good mood on this beautiful Monday. The Secretary of Commerce, Pablo Lavigne, recently announced SIXTY NINE (insert meme) new repeals to the bureaucratic fever dream created by the previous Kirchner administrations. It's truly unbelievable how much government overreach was created in the past few years. The goal of the repeals is to encourage more transparent, less bureaucratic domestic commerce, encourage competition, and to effectively throw off the bureaucratic straight jacket of socialism placed on Argentinian entrepreneurs by the fucking Peronistas who have all but killed off the country’s economy and perverted incentives. The rate at which the Argentinian economy's architecture is changing is making my head spin and I have zero complaints. I had no idea how apt the chainsaw memes would turn out to be. Bullish AF on Argentina. LFG Here’s a short summary of just some of the new changes: 
 -Price controls…AFUERA! -System for Inspection of Signs and Labels (SiFIRE)…AFUERA! That's right...the government would literally attempt to control small business advertisements. -Rules in regards to how to display products of the same category on market shelves…AFUERA! -Additional display space regulations for assorted retail products…AFUERA! -Measuring instruments for inspectors to enforce supply in supermarket aisles…AFUERA! -Encouraging companies to increase production to the maximum of their capacity so that there are no shortages in the near-term -Price caps for products in the basic basket…AFUERA! -"Training and Knowledge Economy Program" for Municipalities…they’re literally teaching the socialists how to survive in a free and open market rather than depend on taxpayer-funded handouts (that we continue to pay for). -Deregulation of licenses for importing MERCOSUR products -Initiation of “Access to Argentine Regional Products" program in large sales areas -The SIRIP computer system that functioned to control/manipulate market prices…AFUERA! -Amount of share capital from which the Corporations were subject to permanent state supervision…GONE -Obligation of universities to inform the state of their tuition fees 
 

 Shoutout to BowtiedMara on the bird app

Greetings from Argentina, you freedom-loving Nostriches. Ludwig von Mises on why Argentina needs austerity to overcome the previous administration's crippling inflation: “Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation. If in the course of such an inflation the rise in commodity prices exceeds the rise in nominal wage rates, unemployment will drop. But what makes unemployment shrink is precisely the fact that real wage rates are falling.”

Greetings from Argentina, you freedom-loving Nostriches. 

 Wow, so Milei went to Davos and punched the WEF in the mouth. Que locura! 

 It was the central planner Ricky Gervais moment administered by a current head of state. Absolutely epic. 

 Let’s quickly summarize things, shall we? 

 Milei passionately argues that the Western world is in peril, not from external threats, but from internal ideological shifts towards socialism and collectivism, which he believes inherently lead to poverty and societal decay. Milei employs a historical perspective to bolster his argument, pointing to the exponential economic growth and reduction in global poverty directly correlated with the adoption of capitalist principles since the 1800s. He asserts that capitalism, far from being a cause of societal woes, is the only viable economic system for eradicating poverty on a global scale. Milei emphasizes that this system is not just economically superior, but also morally desirable, challenging the notion that capitalism is inherently unfair or exploitative. Critiquing modern economic theories, Milei warns against state interventions labeled as remedies for market failures. He argues that such interventions, often under the guise of achieving social justice or correcting market inefficiencies, actually lead to reduced economic growth, freedom, and prosperity. Milei posits that these policies, rather than solving problems, create a downward spiral of regulation and control, ultimately leading to more poverty and less freedom. Concluding his speech, Milei calls for a revival of libertarian principles—respecting individual liberty, private property rights, and limited government. He portrays entrepreneurs and private enterprises as heroes of economic prosperity, urging them to resist state encroachment and excessive regulation. Milei's message is clear: the path to sustained prosperity and freedom lies in embracing and protecting the principles of free-market capitalism. Government intervention? Afuera!

Bitcoin is the last trade.

Greetings from Argentina. Learned a lot about ETFs today. Long story short, on-chain settlement only happens once a day, from what I've gathered. The suits have no idea how quickly BTC could rip and leave them with their pants down. Lots of questions still surrounding those financial vehicles. A lot could go wrong quite easily. Buy BTC and self-custody and you sleep like a baby.

Greetings from Argentina. BTC ATH and all your normie friends hitting you up by end of January . That's the note.

Greetings from Argentina. Admittedly have been completely consumed with the implications of the spot ETFs. This is the American side of me. Say what you will about this development, but it's going to orange pill so many goddamn people our heads are going to spin. Wall Street is a trojan horse for separating the money from the government. Crazy take, I know. Are you ready, anon?

Greetings from Argentina, you freedom-loving Nostriches. Below is a visual of the BCRA's monetry emission over the past 12 months in terms of national GDP. Absolute INSANE amounts of printing. Sergio Massa used taxpayer money to finance his presidential campaign. If you live down here you can confirm the ocean of pamphlets, billboards, flyers, volunteers, temporary office rentals, etc. All of this was financed with taxpayer money, mortgaging the future purchasing power of the peso in order to win an election, with zero fiscal accountability. This is why the money needs to be separated from despotic politicians and government. This is why we Bitcoin.

Greetings from Argentina, you freedom-loving Nostriches. President Javier Milei has formally requested an exhaustive audit of former president Alberto Fernandez's expenditures. The skeletons in the closet are countless and a testament to why we need to separate the money from the State. This is why we Bitcoin. This is why Bitcoin education is so desperately needed. Once people realize that inflation is now a choice, we win.

GM. USD for BTC is the last trade.

Greetings from Argentina, you freedom-loving Nostriches. The huberis surrounding the Javier Milei megadecree in Argentina is astonishing, especially if one ventures out to see what the MSM have to say as they flood the airwaves with worthless takes and toxic sensationalism. Be intentional about your information intake, anon. I'll keep trying to give more boots-on-the-ground signal.

Greetings from Argentina. "Don't touch. For change only." When money fails. No hay plata, criollos sí.

Greetings from Argentina, you freedom-loving Nostriches. 

President Javier Milei’s austerity measures continue to generate shock and awe from yours truly. They’re systemically uprooting all the bloat generated/created by the previous socialist governments, who have destroyed until amounts of wealth in this country. 

Today it was announced that over 160,000 food stamp beneficiaries we’re getting kicked out of the program utilizing a hilarious metric: these people were collecting hardship money from the government but they still had the money vacation abroad. 

Over $10B pesos a month were being counterfeited and paid out to program abusers. The corruption is being revealed and I would love to see some criminal investigations come out of this because at the end of the day we’re talking about theft. 

The Milei Administration is working overtime to right the ship. Typically zero work is being done at the Casa Rosada this time of year, but the legislative initiatives continue to roll out in an attempt to minimize the damage done by the Kirchnerista-fueled inflation bomb that was dropped in their laps.

Greetings from Argentina you crazy Nostriches. It's 90F (sorry I'm from the US, that's like 33 or 34C with humidity) and we're flocking to the barbecues and the rivers here in the beautiful province of Córdoba(sed). Christmas doesn't come for me until: a) The BCRA, Argentina's Central Bank, is officially eliminated and/or b) The Bitcoin ETF is approved and starts trading (read: BlackRock gets the green light). Regardless, I'm optimistic AF for 2024 and I hope you're finding a reason to get on my level. We're separating the money from the government, folks. What a time to be alive. Un abrazo grande a todos los Nostriches del mundo y gracias por su apoyo durante el último año, los quiero mucho. -You're favorite Argentinian-American

Greetings from Argentina, you freedom-loving Nostriches. Let's keep riffing on the Milei deregulatory megadecree, shall we? It simply can't be understated how counter-cultural these past two weeks have been. The world has become accustomed to government metastasizing. The "First World" has let government creep into every single facet of life. It's bloated, bureaucratic tentacles are everywhere. This was the case in Argentina as well up until last week. 30% of the population was suckling on the State’s teet (government employees), with huge swathes of the population collecting state checks without even working. Naturally any election was akin to convincing the turkeys to vote for Thanksgiving. Miraculously enough, despite the nonsensical gobbles from the pro-government turkeys, Milei’s election has shown that Argentinians are craving a veritable Thanksgiving feast. We’re talking the legislative version of a turkey dinner. Let the games begin. Friedrich Hayek himself would be packing his bags and moving down here. Let’s entertain the thought: Why Hayek Would Be Packing His Bags for Argentina Today: Milei's Megadecrees and The Lure of Deregulation 1. Hayek, a titan of economic thought and a staunch advocate of free-market capitalism, would have found today's Argentina a fascinating case study. Under Javier Milei's bold economic deregulation, Argentina has embarked on a journey that resonates deeply with Hayek's core principles. Hayek's advocacy for minimal government intervention and a robust, unbridled market aligns seamlessly with Milei's megadecrees, which have dramatically deregulated the Argentinian economy. 2. Milei's Megadecrees - A Hayekian Dream: Milei, a figure who has taken the global economic stage by storm, champions policies that would have been music to Hayek's ears. The megadecrees, aimed at reducing government control and fostering economic freedom, mirror Hayek's vision of a society where the market's invisible hand guides economic progress. This radical shift towards deregulation and privatisation marks a potential turning point for Argentina, making it an ideal destination for Hayekian enthusiasts. 3. The Argentine Laboratory: Argentina, once mired in economic policies antithetical to Hayek's teachings, is transforming into a laboratory for his ideas. The shift from a heavily regulated economy to one embracing free-market principles presents a unique opportunity to observe the outcomes Hayek predicted. The nation's pivot towards deregulation offers a real-time, large-scale experiment in Hayek's theories, providing invaluable insights into the practical applications of his economic philosophy. 4. The Global Implications: Hayek's hypothetical move to Argentina isn't just about Argentina. It symbolises a beacon of hope for free-market advocates worldwide. As countries grapple with economic turmoil, Argentina's bold steps under Milei could serve as a template, or at least a point of reference, for nations considering similar reforms. Hayek's presence in Argentina would have been a powerful endorsement of Milei's policies, potentially influencing economic thought and policy beyond Argentina's borders. 5. The Legacy and The Future: Hayek's theoretical relocation to Argentina is more than a mere thought experiment; it's a testament to the enduring relevance of his ideas. As Argentina navigates the choppy waters of economic reform, the ghost of Hayek looms large, reminding us of the timeless nature of his economic philosophies. Whether Argentina's journey under Milei's deregulation will vindicate Hayek's theories remains to be seen, but one thing is certain: Hayek's ideas are as pertinent today as they were in his time, and Argentina is now at the forefront of this economic adventure.

If you reached this part, thanks for reading. I’m a Bitcoin educator with Mi Primer Bitcoin, launching Argentina’s first Light Node in the country. We’re committed to free, impartial, and independent Bitcoin education. Please follow along as I continue to shine a light on Argentina’s currency competition experiment.