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Stop Drinking Elite Kool-Aid – Bitcoin Magazine

This article is the core story of Bitcoin Magazine. “The Orange Party Problem”. Click here to subscribe now.

A PDF version of this article is available for download in Spanish and English.

On September 7, 2021, El Salvador became the first country in world history to adopt Bitcoin, the new global currency.

Let’s remember it because it is a word that will be engraved in the history of money.

But as of today, the bucket is full of opinions that these early stages are bold moves, smart moves, silly moves, or simply gambling.

Of course it was none of the above. It was the only obvious move, the only logical move. For those who understand, the real question is not whether other countries will adopt Bitcoin, but when.

We are in the early stages of this paradigm shift, so any logical, common sense move is debatable. There are a lot of people who support it, and a lot of detractors.

On this occasion, I will analyze the critics, not the supporters. They can be divided into the following her three groups.

  1. Who sincerely thinks it was the wrong decision.
  2. I think it’s a good decision, but for the wrong reasons.
  3. A person who is afraid of our decisions.

The interesting thing here is that the first and second groups exist mainly for the third group.


Because the most vocal detractors who fear and pressure to overturn our decisions are the world’s powerful elites, those who work for them or benefit from them. is.

They owned everything and still do. Media, banks, NGOs, international organizations, and nearly every government and business in the world.

And, of course, they also own the military, loans, money supply, credit ratings, stories, propaganda, factories, and food supplies. They control international trade and international law. However, their greatest weapon is the rule of “Truth”.

And they will gladly fight, lie, slander, destroy, censor, confiscate, print, whatever it takes to maintain and strengthen their dominion over the “truth”, everything and everyone. will do anything

How El Salvador’s economy is supposedly destroyed because of its “bitcoin gambling”, how we are headed for default, our economy is collapsing and our The government went bankrupt.

Many of you may have seen this before, right? they are all done. Every financial publication, every major news outlet, every newspaper in the world, every credit rating agency, every international financial institution are saying the same thing, like a choir.

But is this true?

Well, you should read their article and hear their “experts” tell you that all of this happened after El Salvador lost about $50 million due to the plummeting price of Bitcoin on exchanges. I have. This statement is clearly false as we do not sell Bitcoin. But for deeper analysis, let’s say it’s completely true. Of course not, but please understand.

Really? An entire country’s economy was destroyed by her $50 million loss?

Yes, El Salvador is a relatively poor country, but it generated $28 billion in goods and services in 2021 alone. It is not foolish to push the idea that a loss of $50 million (less than her 0.2% of GDP) would destroy or even put the country’s economy in trouble. it reveals.

Bloomberg, Forbes, Fortune, Financial Times, Deutsche Well, BBC, Al Jazeera, The Guardian, New York Times, Washington Post, and other economic geniuses have enough analysts and editors familiar with these topics. prize. Tell them not to publish that nonsense. You might think these ridiculous articles won’t make it past the editorial board, but they do. Other times we reserve a very large amount of space, like the New York Times full-page spread.

So the claim that you lost $50 million worth of Bitcoin is false. Because we don’t sell bitcoins at all. And even if we accept that argument as true, in 2021 our economy will grow by 10.3%, or he’s $4 billion. This uses the IMF’s own numbers!

And even if you want to accept that ridiculous argument as true, that means ignoring math and basic logic.El Salvador.

Did they talk about El Salvador before? Did they care what happened in our country? Did they report her $37 billion (with ab) that the previous government stole from our treasury?

Ask yourself these questions. Did you know where El Salvador was on the map a few years ago? Did you know the names of the former presidents of El Salvador? Did you know about their failed economic policies?

The answer to these questions is the incredible absurdity portrayed in hundreds of serious financial publications of an economy that produces $28 billion a year and suffers $50 million in losses when it collapses. Added to This is all the evidence you need to confirm that they are trying to trick you.

In fact, these are public information, real numbers that are very easy to find and double-check.

By 2021, GDP will increase by 10.3%, tourism income will increase by 52%, employment will increase by 7%, new business will increase by 12%, exports will increase by 17%, energy generation will increase by 19%, Energy exports increased by 3,291%, boosting internal income. 37% increase without tax increase. And this year, crime and homicide rates have dropped by 95%.

These are real numbers, facts that cannot be distorted by narrative. The only number they can change with their rhetoric is our bond prices. “truth” rather than truth.

They say over and over again in over 100 self-certified publications that we are unable to pay our debts and are headed for default. It was also ranked as a high country. El Salvador is more risky than Ukraine. yeah, exactly.

So to counter that story, we did the exact opposite of not paying the debt. I offered to pay in advance. And that’s why this month we’re buying all the 2023 and 2025 bonds at market prices that the holders of course want to sell.

They also told you that there are massive anti-Bitcoin protests in El Salvador. They weren’t huge. Moreover, all polls conducted last year, including several polls conducted by opposition parties and several conducted by independent international polling companies, showed the government handling things so badly. If so, why does my government have an approval rating of 85-90%?

By the way, what is the president’s approval rating?

So if you belong to detractor group 1 or 2, my message is: Stop drinking elite Kool-Aid and let’s get to the facts. Better yet, ask people, see the changes for yourself, walk the streets, go to the beach or the volcano, breathe some fresh air, feel what it really means to be free, The continent and the world’s former murderous capitals are rapidly changing and becoming the best places to be.

And ask yourself. Why the world’s most powerful forces are against these exact transformations. And why should they care?

you see that now, right? The reason for all this is that we are not just fighting the usual obstacles faced by local opposition or small nations, but the system itself for the future of humanity.

El Salvador is the epicenter of Bitcoin adoption, thus benefiting from economic freedom, financial sovereignty, censorship resistance, unconfistable wealth, and the end of the kingmakers, their printing, devaluation, and majority wealth. Reassign to the elite group. The oligarchs and those in the shadows behind them are pulling the strings.

If El Salvador succeeds, many other countries will follow. If El Salvador fails in any way, we will refuse, but no country will follow suit.

They know this very well, which is why they fight us so hard.

play their game?

Or will you notice the real game?

Stop Drinking Elite Kool-Aid – Bitcoin Magazine

Source link Stop Drinking Elite Kool-Aid – Bitcoin Magazine

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