Yea and why cryptocurrency isn’t money with its exchange rate being determined by how much fiat currencies are entering and exiting.

OK, two cryptocurrencies as legal tender. My point still stands. If you give people a choice between crypto and fiat they will use fiat, even if it’s a foreign currency like the Dollar in El Salvador.

The solution for El Salvador or any other country using a foreign currency isn’t to go with another foreign “currency” like Bitcoin but building their own currency.

El Salvador had their own currency until they gave it up because their leader back then was a US Puppet.

Sole legal tender.

Edit: I dare them to pay all Government employees in Bitcoin, demand taxes be paid in Bitcoin. It would be a funny experiment if it weren’t for mass unemployment and deaths that arise out of a recession.

It would be funny trade wise too. No other country is going to accept Bitcoin as payment for real goods and services. So, the country will have to convert Bitcoin to USD at market price (which can swing wildly) and also hope the market has enough liquidity to handle it.

money has to be backed by the state so if bitcoiners really want bitcoin to be used in everyday transactions, i would suggest running for President and replacing U.S. Dollar with Bitcoin for tax payments/legal tender.

how will the state obtain Bitcoins? by building massive resource wasting mining farms which itll have to issue bitcoin bonds to build, making the state subservient to the private bond markets and interest rate it demands, Greek style.

there is massive plague and the economy has collapsed? what will the state do? cant give people money or increase healthcare spending because the capacity of the state to mobilize resources is now limited by what the private sector is willing to give it or how much it can mine. oops mass death.

bitcoiners have to be dumbest creatures alive. these people can’t imagine a pro-Worker Government so they have to come up with convoluted ways to tie the hands of the state so it cant give capitalists free money.

Ukraine’s allegations included unlawful detentions, ill-treatment of civilians, and the suppression of the Ukrainian media and the Ukrainian language in schools.

Yeah Ukraine never did that.

An anonymous US official said the military was moving it due to anticipated sea conditions.

Pier can’t handle shit

https://adnauseam.io

Could be a power issue. 2.5" hard drives do require some power. Some external drives have two USB one for data and other for extra power.

Maybe one of your laptops isn’t supplying enough power or the port is dirty causing resistance and voltage drop. Or it could be something else entirely.

That was the time when the notion that Hamas would back away from its intent to destroy Israel as long as it accumulates governing and economic assets took root in Israel.

Hamas has said they would be fine with a two-state solution. Its Israel which doesn’t want it to happen.

It’s infinitely more likely thats what happens

Its sad how effective tv propaganda is. I’m glad social media, despite all its flaws exists now.

You would think a country doing crippling austerity would do anything it can to get visitors but nope.

Remember glass bottles?

This is the guy championed by American liberals as a democratic alternative to Netanyahu.

Hamas Official should be in quotes really

It’s not just because they want to raise money, they want to raise dollars specifically.

That said, China has been pushing companies towards domestic capital markets, which run on Yuan.

Bourgeois infighting

And on top of that the Government is limiting fiscal deficit, no public sector to take on the foreign sector slump. Neoliberalism is a disease.

In China meanwhile, when a recession occurs in the west the government increases domestic spending to lessen the impact. India should learn a thing or two from its neighbor.

Yet, even in those trade negotiations, India has been relatively less liberal than in the era predating Modi — angling for more state control over sundry policy issues and seeking to limit the exposure of many of its sectors to foreign competition. If India wants to attract foreign investment, it might have to change tack.

They are complaining that there are too many regulations lmao.

History has shown that export promotion policies in absence of heavy state intervention doesn’t work.

Milei also talked about starting a dollarization process with the money provided by the IMF debt. However, the IMF itself has told the government, in private, that it does not want to endorse a dollarization of the Argentinian economy.

They’ll need like atleast $20-30b just to replace Pesos in circulation not to mention for import/exports.

of a credit pool totaling $15 billion to accelerate the process of elimination of exchange controls and currency competition.

Looks like they want the loan so the rich can finance their capital flight.

He also claimed that the country is “going through the hardest month” and warned that this situation will extend “to the first days of April.”

Yea just like Elon’s covid prediction