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On September 7, 2021, El Salvador became the first country in world history to adopt bitcoin, the new global currency.
Remember these words, because they will be etched in the history of money.
But as of today, in those ancient times, opinions are stuck in the buckets whether it’s a bold move, a smart move, a stupid move or just a bet .
Of course, it was none of that. It was the only obvious gesture, the only logical one. For those who understand, the real question is not if more countries will adopt bitcoin, but when.
We are so early in this paradigm shift that a logical, common-sense decision is controversial; he has lots of people cheering him on, and lots and lots of detractors.
On this occasion, I will not analyze the supporters, but the detractors. They can be separated into three groups:
- Those who sincerely think it was the wrong decision.
- Those who think it’s a good decision, but for the wrong reasons.
- Those who are afraid of our decision.
Now the interesting part is that the first and second groups exist mainly because of the third.
Because the most vocal critics, those who fear and push us to reverse our decision, are the powerful global elites and the people who work for them or who benefit from them.
Before, they owned everything, and in a way they still do; the media, banks, NGOs, international organizations and almost every government and business in the world.
And with that, of course, they also own the armies, the loans, the money supply, the credit ratings, the narrative, the propaganda, the factories, the food supply; they control international trade and international law. But their most powerful weapon is the control of “the truth”.
And they are ready to fight, to lie, to smear, to destroy, to censor, to confiscate, to print and to do whatever it takes to maintain and increase their control over the “truth”, and everything, and everybody.
Just think of the hundreds, if not thousands, of articles about how El Salvador’s economy was supposedly destroyed because of its “bitcoin bet”, about how we are inevitably heading into default, that our economy has collapsed and our government is bankrupt.
Surely most of you have seen this, right? They are everywhere. All the financial publications, all the major news agencies, all the newspapers in the world, all the credit rating agencies and all the international financial organizations are saying the same thing, as if they were forming a choir.
But is it true?
Well, you just have to read their articles and listen to their “experts” say that all of this happened after El Salvador lost around $50 million due to bitcoin price crashing on exchanges . Since we do not sell any bitcoin, this statement is obviously false. But for further analysis, let’s say it was absolutely true, which of course it isn’t, but bear with me.
Oh good? The economy of an entire country was destroyed by a loss of 50 million dollars?
Yes, El Salvador is a relatively poor country, but in 2021 alone we produced $28 billion worth of products and services. To push the idea that a loss of $50 million—less than 0.2% of our GDP—would destroy or even put our country’s economy in trouble is more than foolish; it is revealing.
You would think that the economic geniuses of Bloomberg, Forbes, Fortune, Financial Times, Deutsche Welle, BBC, Al Jazeera, The Guardian, The New York Times, The Washington Post, etc., would have enough well-versed analysts and editors in these topics to tell them not to publish this nonsense. You’d think these nonsensical articles wouldn’t pass these editorial boards, but they do. And sometimes they even get a really big space, like a full page in The New York Times.
So the argument that we lost $50 million worth of bitcoins is wrong, because we just didn’t sell any bitcoins. And even if we were to accept this argument as true, then it would be ridiculous to conclude that a $28 billion a year economy will go bankrupt or default due to a 0.2% “loss” in one year, while in 2021 our economy grew by 10.3%, or $4 billion. This uses the IMF’s own figures!
And even if you want to accept this absurd argument as true, which would mean you ignore basic math or logic, you still won’t have to wonder why these global media corporations would give so much time and space to a so small country like El Salvador.
Did they talk about El Salvador before? Did they care what was happening in our country? Did they report the $37 billion (with ab) that previous governments stole from our nation’s treasury?
Ask yourself these questions; a few years ago, did you know where El Salvador was on a map? Did you know the name of the former president of El Salvador? Did you know about their failed economic policies?
The answer to these questions has added to the incredible absurdity of portraying, in hundreds of serious financial publications, that an economy producing $28 billion a year will go bankrupt at a questionable loss of $50 million. This is all the proof one should need to see that they are trying to trick you.
In fact, these are the real numbers, which are public information and can be found and double-checked quite easily:
In 2021, our GDP increased by 10.3%, tourism revenue increased by 52%, employment increased by 7%, new businesses increased by 12%, exports increased by 17%, energy production increased by 19%, energy exports increased by 3,291% and internal revenues increased. up 37%, all without raising taxes. And this year, the crime and murder rate has dropped by 95%.
These are real numbers, facts that cannot be distorted by the narrative. The only number that can be changed with their rhetoric is the price of our bonds, as they mainly depend on the official narrative and the credit ratings of their agencies; more “truth” than truth.
They have said time and time again, in over a hundred self-accredited publications, that we are unable to pay our debts and are heading towards default. We have even been ranked as the country with the highest risk of default in the world. El Salvador with more risk than Ukraine. Yes exactly.
So to counter this narrative, we did the exact opposite of not paying our debts; we offered to pay in advance. And that is why we will buy back this month all of our 2023 and 2025 bonds, which the holders want to resell of course, at market price.
They also told you that there were huge anti-Bitcoin protests in El Salvador; they were anything but huge. Moreover, why would my government have an approval rating of 85% to 90% according to all the polls taken last year, including several polls conducted by the opposition and several by independent international polling companies, if we handle things so badly?
By the way, what’s your president’s approval rating?
So if you are in the one or two group of detractors, my message to you is this; stop drinking the elite Kool-Aid and get the facts. Better yet, come ask people, see the transformations for yourself, walk the streets, go to the beach or our volcanoes, breathe the fresh air, feel what it really means to be free, see how one of the continent’s poorest nations and the former murder capital of the world is rapidly evolving into the best place it can be.
And then, ask yourself; why the most powerful forces in the world oppose these exact transformations. And why should they even care?
You see it now, don’t you? The reason for all of this is that we are not just fighting local opposition, or the usual roadblocks that any small country may face, but the system itself, for the future of humanity.
El Salvador is the epicenter of bitcoin adoption, and thus of economic freedom, financial sovereignty, resistance to censorship, non-confiscable wealth and the end of kingmakers, their printing, devaluation and reallocation of wealth from the majorities to interest groups, the elites, the oligarchs, and those in the shadows behind them, pulling their strings.
If El Salvador succeeds, many countries will follow. If El Salvador somehow fails, which we refuse, no country will follow.
They know it very well and that’s why they fight us so hard.
Will you play their game?
Or will you become aware of the real game?