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What's really happening in El Salvador
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jessquit is
in
El Salvador
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My thesis here is that Bukele doesn’t want to de-dollarize El Salvador — he just wants to print his own dollars as well. So he wants to inject bitcoins and tethers, account those as “dollars,” sop up all the actual dollars to pay outside debts, and hope the Salvadoran economy takes off before it all goes Argentina in 2001 and people start setting fire to things.
This 👆
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- 3 years ago
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