Comments by "LoC28C" (@LoC28C) on "Why Argentina Is Doomed to Fail Over and Over Again" video.

Argentina and most of South America is in such a state of economic decline is all thanks to the USA which dominated the continent to ensure that the continent stay poor. All this is so that South America can still provide cheap food and labour for the USA. Milei’s biggest mistake is to not join the BRICS as this single move has stopped Argentina from getting the infrastructures at a low interest rate and with no political interference from foreign countries.
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@ErrorOptik sorry I am not a proponent of bitcoin as a sovereign currency as it is just too radical and there has been no basis for the valuation of bitcoin therefore it is just too risky for any sovereign to leave their countries economic future to a computer program.
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@davidanalyst671 Yes, and IMF loans comes with many foreign political interference and conditions that will put Argentina further in to economic problems.
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⁠@Lukky_Luke Aboloishing the Central banks and getting IMF loans will allow the rich oligarchs from the USA to take over the sovereignty of the country and then impose many policies that will only be beneficial to the American Elites. I’m sorry it is a wrong move.
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@ErrorOptik most currencies around the world other than the US dollar is to a certain portion backed by Gold and the demand and supply of their currency. Therefore when there is a sovereignty of a currency you would not have to be completely worried about the value of the money you are holding. If bitcoin servers are switched off then all the money you have put in just evaporate in to thin air.
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@ErrorOptik the value of bitcoin is too volatile and it is not as good as gold as nobody want's it. Gold is a proven asset class that the whole world wanted, wants and will continue to want. Whilst bitcoin is only a digital number that is not stored anywhere and there is no sovereignty and has no value. The only value of bitcoin is based on the demand and supply of this number, and historically it is too volatile and cannot be used as a trading currency as there is no certainty on the value of it. Bitcoin is only good for speculation and not an investment nor a medium of trade.
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