El Salvador is now the most serious country on earth.
“The Big Sal” as it is known will now rocket into a Wakanda style future, while the rest of the world – especially crime-riddled, Jew-run shitholes like America – are left behind.
El Salvador officially recognizes bitcoin as legal tender.
In an early Wednesday vote, a supermajority of the nation’s legislature voted in favor of President Nayib Bukele’s proposal for the Latin American nation to adopt bitcoin. The president intends to sign later tonight or early in the morning.
Sixty-two members of the legislature voted in favor of the bill, with 19 opposed and three abstentions.
Bukele provided further details about his vision, pitched as an effort to boost financial inclusion in a country where a scant 30% of citizens have access to financial services, in a Twitter Space conversation early Wednesday morning hosted by Nic Carter of Castle Island Ventures and Coin Metrics. Users won’t necessarily have to use a government wallet, he said.
The bill will mandate all businesses to accept bitcoin for goods or services, but the government will act as a backstop for entities that aren’t willing to take on the risk of a volatile cryptocurrency, he said.
A trust that the government will set up at the Development Bank of El Salvador to instantly convert bitcoin to U.S. dollars will assume merchants’ risk, he said. It will hold about $150 million in dollars in the trust fund.
“If there’s an ice cream parlor, he doesn’t really want to take the risk, he has to accept bitcoin because it’s a mandated currency but he doesn’t want to take the risk of convertibility, so he wants dollars deposited in his banking account, when he sells the ice cream, he can ask the government to exchange his bitcoin to dollars,” he said. “Of course he can do that in the markets also but he can ask the government to do it immediately.”
The Development Bank’s trust fund would sell some of the bitcoin it receives for dollars to replenish the fund.
Government officials from El Salvador will meet with the International Monetary Fund in the coming days to discuss the plan.
The IMF can rot!
The head of the IMF is literally already rotting, and her corpse is being injected with Botox and animated with animatronics.
What role do international Jew banksters have here now???
El Salvador will simply export all of its criminals to America. They will send money back in the form of Bitcoin to pay for their grandmothers and bastard children. The country will use the Bitcoin to create a futuristic society.
Vacuum tube hyper trains through the sky, everything.
Meanwhile, Elon Musk will be living in Los Angeles, driving through tent cities while hoping his car doesn’t explode.
If you’re wondering why Nayib Bukele looks like an Italian or something, it’s because he’s a Palestinian Christian.
Presumably, he became the president of El Salvador because he had the highest IQ of anyone in the country and it was therefore very easy to take over. Basically, everyone running the country has either an Arab or a Jewish name – but obviously, the Arabs are going to force out the Jews in order to build this future city. The Jews can go live in America with the MS-13 gangs.
Bukele has maintained a 90% approval rating.
He has used the military to take the country from having the highest murder rate in the world to having a very reasonable murder rate. He was accused of making a deal with MS-13, but really he just sent them all in caravans to America.
America wanted more MS-13, and El Salvador wanted less – so it was a perfect exchange.
Bukele is also a dictator and hates democracy. This will also help him to become the leader of a futuristic Wakanda-style empire built on Bitcoin.
You should understand this: El Salvador uses American dollars as their normal currency. This is because previous leaders of the country were very corrupt and communistic, and destroyed the value of the local currency.
Many countries in the world use US dollars as their national currency.
These countries are of course facing impending doom as the US government totally devalues the dollar.
Failed US president Donald Trump recently attacked Bitcoin as a “competing currency.” It was quite a tune-change from when he was attacking it a couple years ago as irrelevant and “thin air.”
Former President, Donald Trump:
2019 – "Bitcoin is thin air"
2021 – "Bitcoin is a currency competing against the dollar"
— Documenting Bitcoin ? (@DocumentingBTC) June 8, 2021
Trump also referred to Bitcoin as a “scam.” Meanwhile, he oversaw the expansion of the supply of the US dollar by 1/3rd.
Meanwhile, there will only ever be 21 million Bitcoins.
So nations are waking up to the real scam, which is the US dollar, which is wildly printed by the US government in order to transfer wealth not only from Americans, but from the entire global economy, to a tiny elite minority of Jewish overlords and technocrat weasels.
We saw a strange saga when Elon Musk endorsed Bitcoin and then backed out. It is now clear that Elon was forced to back out by his masters. He was probably blackmailed with images of him being gay with his gay dog.
Many believe that Elon is planning to escape to Mars where homosexual relations with dogs are legal. However, his plans are now being meddled with by the powerful hacker group Anonymous, who you may recognize from their masks.
You may doubt the fact that El Salvador will become the true Wakanda world of the future.
However, what you cannot doubt is that El Salvador’s embrace of Bitcoin changes the entire world game. This is making headlines and other nations are going to be looking at this and wondering what is going on. They will realize that what El Salvador is doing is hedging against the massive inflation that is facing the dollar.
The true fact is that the dollar has already inflated. By the end of 2021, the world’s supply of dollars will be more than twice what it was at the end of 2019. The only reason people haven’t felt that inflation yet is that this money is being dumped into exploding real estate and stock prices.
This will only last as long as people continue to believe that a house that is manufactured from $20,000 worth of raw materials is worth $500,000. It will only last as long as people believe that everyone on earth is going to buy a Tesla.
If people start losing faith in these systems, the rug will slip out from under the global economy, and then everyone is doomed. Everyone except those who have not already adopted Bitcoin, which, in the time of crisis, will become the world’s de facto reserve currency.
Elon Musk can play games, Donald Trump can play games, the feds can play games – but Bitcoin already exists, it already has huge levels of faith, and it is the only possible way to maintain the global economy of the future.
El Salvador adopting it as legal tender is going to mean that it has to be recognized by banks all over the world, because El Salvador is a member of these various international finance groups.
— CZ ? Binance (@cz_binance) June 9, 2021
Many other third world shitholes are on the path to becoming Bitcoin independent.
Paraguay, Panama, Brazil, Mexico and several others are now ready to get on board for the big win-win.
Lots of glowing eyes.
Como ya lo decía hace un buen tiempo, nuestro país necesita avanzar de la mano de la nueva generación.
Llegó el momento, nuestro momento.
Esta semana empezamos con un proyecto importante para innovar a Paraguay frente al mundo!
— Carlitos Rejala ???? (@carlitosrejala) June 7, 2021
— Fábio Ostermann (@FabioOstermann) June 7, 2021
— Gilson Marques (@gilson__marques) June 7, 2021
La senadora Indira Kempis, de MC, se viste con los laser eyes de bitcoin | EL ECONOMISTA Mercados https://t.co/tJeXNebfcO
— Indira Kempis de I. (@IndiraKempis) June 8, 2021
— Francisco Sánchez ?? (@fsancheznqn) June 7, 2021
Yes, all of these politicians obviously hold Bitcoin and are using their positions in government to pump it – but it is bigger than that. Total Bitcoin dominance is inevitable in the collapsing hell that is the earth.
This is only the beginning of the true revolution against the global banksters.
Next: Russia and China.
Many countries do not run their monetary system for the purpose of running all of these scams on their own population. The only countries that do that are the countries with banking systems run by Jews. Other countries consider currency as a means of exchange, which is intended to enable economic development. If you’re not trying to rip people off with your currency, and simply want to use banking and finance as a way to help the country develop, then Bitcoin is obvious.
No-coiners can babble all they want about “volatility” – but they will see the real volatility when the rug comes out from under their fiat scam.
Also, Bitcoin is hardly even more volatile than the stock market. Yes, it got pumped up a bit too quickly, but that was Elon Musk’s fault. Elon has now officially decoupled himself from Bitcoin. He did his last attack by thwarting the June 3 recovery attempt.
He posted a meme.
Then he mocked the lives he’d destroyed.
— Elon Musk (@elonmusk) June 4, 2021
It’s clear now that he was only playing a sick game. But there is nothing more he can do to hurt people.
Hopefully, the Jew banksters on Wall Street succeed in finally short-selling Tesla to death, and Elon goes away forever. But even if that doesn’t happen, his relationship to Bitcoin is totally severed. He had that one last bullet in the chamber – saying he was going to sell the Bitcoin Tesla owns – and he fired it with a cringe meme.
Bitcoin has weathered Elon, Trump and the feds.
We’re headed back to $35,000 as I write. But whether we go up or down now doesn’t matter in the long run. In the long run, it is confirmed as inevitable that Bitcoin will dominate the apocalyptic society of the near future.
Now the real party begins – when the laser eyes start firing!