4 ms·

Pro Dollarization

• hackandthink 3y ago
  Unfortunately, that all sounds convincing. The dollar debt cannot be repaid, peso financial assets become worthless. The people rebel, the creditors rebel and send gunboats. Debt relief is the only alternative. "The central problem, of course, is that the government is broke." "The only route to dollarization would be essentially a complete collapse of the currency and debt."