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No no no, you don’t get it, it’s not a “bailout,” it’s simply a “magic bean repurchase facility” whereby dollars are made available to holders of magic beans. W
by nocoiner 1y ago
No no no, you don’t get it, it’s not a “bailout,” it’s simply a “magic bean repurchase facility” whereby dollars are made available to holders of magic beans. When the magic beans sprout and reach the sky, the profit could be considerable.
- donavanm 1y agoFX is magic beans? I guess if youre of the mind that “fiat is theft”. But in that case Im not sure why youd care if you can always go back to farming (digital) gold. Although, to be fair, I can see the perspective that argentine _debt_ is magic beans funded by hopes, wishes, and the IMFs argentine refinancing.
- sofixa 1y ago> FX is magic beans? > Although, to be fair, I can see the perspective that argentine _debt_ is magic beans funded by hopes, wishes, and the IMFs argentine refinancing. Exactly. FX isn't magic beans. The currency of a country that has defaulted more time than anyone cares to remember is magic beans though. There is a reason for the old saying "There are 4 types of economies - developed, developing, Argentina and Japan".