The traditional press printed short article after post declaring El Salvador was going to default on its financial obligation since of Bitcoin.
The New York Times composed, ” A Poor Country Made Bitcoin a National Currency. The Bet Isn’t Paying Off.”
The Washington Post released an Op-Ed caution about El Salvador’s condition and how they might default.
Bukele has actually paid very much for his displeasure versus the United States. In January 2023, the federal government of El Salvador need to pay 800 million dollars in worldwide bonds. Bukele’s very first choice was to look for funding through the International Monetary Fund (IMF), however after the termination of the Supreme Court magistrates, settlements with the United States– among the leading investors of the multilateral company– stalled.– slammed Bukele’s authoritarian actions.
…
The impossibility of reaching a contract with the IMF required Bukele, in September 2021, to discover an unconventional option to a financial crisis: to transform the Bitcoin cryptocurrency into a currency for legal usage. For this, Bukele invested a minimum of 150 million dollars taxed by the individuals of El Salvador in the adoption of the cryptocurrency. Ever since, the nation’s monetary circumstance has actually gotten worse. By May 2022, El Salvador has actually ended up being the country with the greatest threat of default in Latin America, behind Venezuela, and its worldwide bonds have among the worst yields worldwide, in addition to Ukraine and Belarus.
They didn’t default.
El Salvador President Nayib Bukele exposed that El Salvador is paying the bond completely with interest.
He is now calling out the media and has “the invoices.”
Bukele stated, “they lie and lie and lie, and when their lies are exposed, they go on silence mode.”
They all stated that without striking an @IMFNews offer, we were going to be not able to pay our 2023 bond due to the fact that our “ #Bitcoin losses”.
I have the invoices … https://t.co/exbQxjdEj4 https://t.co/1Hl4pRoBkh https://t.co/xcMehNGPZM https://t.co/gVK8Jlp3Vq https://t.co/qpyz1tDd00
— Nayib Bukele (@nayibbukele) January 24, 2023
Well, we simply paid completely, 800 million dollars plus interest.
But naturally, practically no one is covering the story.
I simply discovered one, yes ONE, in spanish, from Colombia https://t.co/PcRES3poE1
They lie and lie and lie, and when their lies are exposed, they go on silence mode.
— Nayib Bukele (@nayibbukele) January 24, 2023
The traditional media is a worldwide laughingstock!
For the remedy to media predisposition, have a look at ProTrumpNews.com …
The post Mainstream Media Said Bitcoin-Friendly El Salvador Would Default On Its Debt– But It Just Paid Back $800 Million appeared initially on The Gateway Pundit
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