Is Latin America Finally Abandoning Socialism: Current El Salvadoran President Nayib Bukele Considering To make Bitcoin Legal Tender – June 7, 2021,
The great thing about socialism is that after it’s tried and fails, the people eventually look to liberty, now as many of us know Socialism is ingrained in Latin American culture, the socialist establishments clinging to power in Latin America have control over the education system and have done an excellent job branding socialism in the minds of Latin Americans as the only way to improve their lot in life.
As more Latin Americans are learning alternative ways of educating themselves, many are beginning to see the con game of the socialists, Communists, and in general Left Wing political classes, who, and let’s be honest here play on the political ignorances of the Latin American people.
The Good and Bad to accepting Bitcoin as Legal Tender
Now, accepting Bitcoin as Legal Tender from my vantage point equates to El Salvadoran President Nayib Bukele wanting a SMALLER government and much more market-friendly El Salvador. The truth is if Latin America got rid of socialism, completely abandoning it, and America continues to move more to the Left Politically, Latin America would be richer than America in a decade, maybe less with modern technology.
Sure there are lazy people in Latin America, but there are a lot more hard-working people in Latin America, and if this majority had enough patients to allow the private sector to flourish, they’d never want socialism again. I’ve written about the Bahamas before, well the Bahamas is one of the richest countries in the West Indies and it’s a predominantly black population.
Socialists never want the people to understand that the government causes poverty The more influence the government has over the economy, the poorer everyone will be. Socialism and communism are basically a chosen few in the political class, who will claim to be anti-imperialists and who will change the education system to serve their political ideology.
After the socialists completely brainwash most of the population into believing that a big socialist government is the only way to bring prosperity to the people, most people will inherently become violent, because socialism/communism is a GIANT PRISON in which only the politically connected can benefit. I’m not entirely sure where El Salvadorans are in their mental development, but the mere fact that their current President Nayib Bukele is considering Bitcoin as legal tender is a great thing.
Now, will this fight for Liberty last? I’m not sure, socialists will rebrand themselves to find the weaknesses in Nayib Bukele and if Nayib Bukele is to win this war of ideas long term, he’s going to want to let the private sector flourish, while at the same time promoting entrepreneurship.
El Salvador needs to attract more job creators and I also think Nayib Bukele would be wise to also make Gold legal tender, to avoid being penalized by a potentially debased U.S dollar. a message to all of you freedom fighters living outside of the United States, the U.S dollar can be weaponized against you if you cut the size of your government and don’t offer your citizens a means to protect their wealth.
Bitcoin currently is a bit volatile, gold, on the other hand, tends to reflect whether an economy is growing or if it’s deflating. When the economy is deflating the price of gold in U.S dollars retreats, when the economy is inflating gold prices in U.S dollars typically rise.
If this dynamic doesn’t make any sense to you, that’s perfect, because it’s not supposed to make any sense, the U.S dollar is weaponized, however, for as long as your forced into this centralized fiat dollar scheme, in order to maintain the stability of your country, you’d be wise to hold LIQUID assets that have perceived value outside of the Euro-Dollar-System.
So my advice to El Salvadoran President Nayib Bukele is to consider allowing Gold to be Legal Tender. This shouldn’t be confused with backing the Salvadoran colón with Gold, I am simply saying to allow a gold-based private money market to flourish in El Salvador this would strengthen the economy and would also serve El Salvador in suffering the consequences of using the U.S dollar.
I know from doing charity work that Nicaragua and El Salvador use U.S dollars, I helped some kids out there and I had to pay for their education in U.S dollars. I personally thought it was ridiculous. Anyway, the mere fact that Current El Salvadoran President Nayib Bukele is considering the use of Bitcoin as legal tender is a great thing for Liberty.
Interesting times ahead!
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