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Congratulations El Salvador on replacing the Federal Reserve with Paolo Ardoino's unlimited Bahamian money printer (note that all executives at Tether received
by arcticbull 5y ago
Congratulations El Salvador on replacing the Federal Reserve with Paolo Ardoino's unlimited Bahamian money printer (note that all executives at Tether received DOJ target letters for bank fraud recently [1] - and are banned from doing business in New York [2]), and letting your exchange rate be managed by Alameda Research and Cumberland/DRW [3].
I can't imagine this going poorly in any way what so ever.
So join me and Bukele in raising a big ol' middle finger to the IMF. [4]
Maybe next they can move to Bitfinex Securities, a Kazakstan corporation, to manage their stock exchange! [5]
[edit] I mean, holy shit, what did I even write? This truly is the dumbest timeline. Well, second dumbest - after all the entire country of Albania got swept up in Ponzi schemes, jailed their finance minister and had a civil war over it. You know what they say about history rhyming. [6]
[1] https://fortune.com/2021/07/26/tether-crypto-bank-fraud-doj-investigation/ https://fortune.com/2021/07/26/tether-crypto-bank-fraud-doj-...
[2] https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal https://ag.ny.gov/press-release/2021/attorney-general-james-...
[3] https://protos.com/tether-minted-usdt-stablecoin-crypto-two-alameda-cumberland/ https://protos.com/tether-minted-usdt-stablecoin-crypto-two-...
[4] https://www.france24.com/en/live-news/20210610-imf-warns-of-risks-after-el-salvador-adopts-bitcoin https://www.france24.com/en/live-news/20210610-imf-warns-of-...
[5] https://cointelegraph.com/news/bitfinex-launches-security-token-platform-regulated-in-kazakhstan https://cointelegraph.com/news/bitfinex-launches-security-to...
[6] https://www.imf.org/external/pubs/ft/fandd/2000/03/jarvis.htm https://www.imf.org/external/pubs/ft/fandd/2000/03/jarvis.ht...
- deleted 5y ago[deleted]