The president of Argentina does a crypto scam

[Hatfort]

Libertarian clown president of Argentina Javier Milei promotes a crypto scam on X. He promoted a new currency called Libra, saying it was good for small businesses and entrepreneurship, usual bullshit. The currency was owned by friends of his, they are millionaires now, once the value rose quite as a consequence of the promotion, they sold all they had at the top, and the value plumbered to practically zero for the new investors. The funny thing is most of the investors are followers of Milei, who now hate him, although some still defend him. Scamming his loyal followers and defenders like this, what a genius move! It's being quite a scandal. He can have legal consequences for doing this, of course the opposition is going after him too.

The economy in Argentina has been doing horribly since he took office, with skyrocketing inflation, thousands of jobs gone, and his country's assets sold to foreign investors. Argentina is going to have a very hard time getting out of this funny joke they pranked themselves into.

[LordFall]

On 2/18/2025 at 4:39 AM, Hatfort said:

The economy in Argentina has been doing horribly since he took office, with skyrocketing inflation, thousands of jobs gone, and his country's assets sold to foreign investors. Argentina is going to have a very hard time getting out of this funny joke they pranked themselves into.

Inflation in Argentina in December 2023 was literally 25%, now it's 2.2%. Austerity measures have increase unemployment but it's predicted to stabilize the economy for the medium and long term as it's been catastrophic for the past few decades.

This crypto coin has been a disaster and exposed a lot of other shady shit in the industry thank god but let's get the facts straight on the president himself. That was a clear lack of judgement in promoting this project without investigating it in depth but from my understanding his economic measures since he took office have been very successful.