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Javier Milei & The Free Market of Currencies!
Manage episode 424515483 series 3524376
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What is Up SatsCrew,
Today is a pretty big day when it comes to world monetary policy. Javier Milei, Argentina's recently elected president has signaled that he will support a Free Market of Currencies!
This is enormous news because it isn't something we have seen a lot of in the past century. This free market of currencies will mean there will be competition, and the currency won't be ordered by government decree.
It is an exciting step in the right direction for a country that has suffered from high inflation and economic instability for quite some time. In this podcast, I go over important topics such as the following:
- Quote discussion
- The free competition of currencies
- Javier Milei as a libertarian, and letting things play out as they do
- No government intervention, no state assistance
- A market free to use whatever currency you see fit
- The dilemma is that both parties need to be willing to accept the currency/money or unit of account
- Technically, by the looks of it barter will even be able to occur
- This is extremely friendly for Bitcoin, and likely there will be no taxes under Milei on any currencies/monies
- Peso or Dollars as a currency
- Bitcoin as a currency
- WTI and BTU, whatever currency makes sense
- Individual freedom, little government intervention
- The exact opposite of Argentina's history which resulted in high inflation and economic instability
- Functional currency method of translating dozens of currencies in a distilled way for a comprehensive way of understanding financial health
Overall, what did you guys think of this move by Milei? Do you think a free market of currencies would work out, or would there be issues?
I'd love to hear everyone's thoughts!
Best Regards,
SatsMate
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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment
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