The International Monetary Fund wants El Salvador to remove Bitcoin as a legal tender.
Imagine how scared are the OG Status Quo lizards that I found more than 25 links from different news stands reporting about how the IMF is speaking in favor of El Salvador and trying to save the country from total economic annihilation.
 |  |
|---|
A crapton of shops in El Salvador accept BTC now as a payment method.
Oh Yeah, I'm nowhere near that hardcore of a conspiracy theorist, but calling the elites OG Status Quo Lizards sounds pretty good doesn't it? Also pretty wacko, which is why I am clarifying my position.
I'm not going to write a post about this news, if you want to read someone else's take on that check out the MSM (Mainstream media) links I included at the bottom of this post.
But in case you are too lazy to click on the links, here's a good summary of what they speak about and the narrative they are pushing:
The IMF urges El Salvador to remove BTC as legal tender and to impose more regulations to the wallets of the citizens. Volatility bad, poor ES citizens. BTC equals financial instability and low financial integrity. Poor consumers, bad BTC swings. The people is against BTC and took the streets to protest (untrue btw). FUD driven by China's recent mining regulations. BTC backed bonds to build a BTC city is wacko (might be true if you are ruled by traditional economic standards, but not true at all for you if you are reading this on the Hive Blockchain. Chivo wallet good, as long as it is highly regulated and oversight (this goes against financial freedom btw).
Now that you know the general overview of the situation, I'm going to do is talk about the implications that nobody speaks about in those links.
El Salvador has been wanting to secure a 1.3B USD loan from the IMF to launch things off: A Bitcoin city, BTC backed bonds and much more.
What they are not telling you is that one of the three pillars of this BTC strategy by Nayib Bukele - el Salvador's president - is that capital gains made by BTC transactions and purchases won't be subject to taxes. This by itself means little to El Salvador given that the Bitcoin law was passed by a supermajority in the congress, they actually don't mind missing up on taxes if the people's living status improves.
What this means is that if the Bitcoin Law works, many other countries will follow suit what this tini-tiny little central American nation did, and I'm thinking many presidents are more than willing to push the BTC narrative such as Ukraine, Serbia, Mexico, Brazil, Tanzania, Burundi, Haiti and maybe even Poland.
There are many presidents and countries that are looking closely to how this BTC charade unfolds in El Salvador and are pondering if they should follow that path, after all, if you think there's a status quo among citizens, there is definitely a status quo among nations and believe, more than a handful are eager to break it and establish a new one.
This is the man, the Chad that decided to say fuck you to Fiat and to long BTC.
It is more than obvious that the IMF won't lend money to El Salvador to accomplish something that directly and indirectly goes against everything the IMF is fighting to maintain. This means that ES might need to find another way of capitalizing to pull off this stunt.
Oh right, remember that BTC transactions can't be traced and can't be taxed unless converted to fiat? Another Pillar of the Bitcoin Law is to ensure transactions from citizens living abroad to citizens inside the country, these are called remittances and represent around 20% of the country's GDP. How savage of a move against the national banks that get a piece of that 20% as intermediary fees.
Fuck the intermediaries.
Can you Imagine a world without transaction intermediaries? Well, the IMF doesn't want you to, which is why they, along the central banks from all over the world and big corpos are pushing so much against BTC.
In fact, I'm a little impressed that Bukele hasn't suffered an accident yet given how much of a liability he is for the worldwide nation's status quo.
Paying Nayib a visit
Over the last few weeks, I've been pondering how could I approach Bukele in person to talk about Hive using 
Narrative Link 1, Narrative Link 2, Narrative Link 3, Narrative Link 4