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ALL THINGS EL SALVADOR

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Sep 4, 2021.

  1. JanSz

    JanSz Gold

  2. JanSz

    JanSz Gold

    divide and conquer
    There is so many different religions.
    Flavors of Christianity resulted in immigration from Europe to Americas.

    Salem Witch Trials of 1692
    Only quite recently I learned that there is religion that witches believe in. (Wicca)
    Christians in early Rome willingly died for what they believed in.
    I am assuming similar situation with the Salem Witches.

    ..............
    Now we have hundreds of thousands if not millions of illegals pouring in.
    They are bringing in thier beliefs with them.

    --------------
    Interesting times.

    .........
     
    John Schumacher likes this.
  3. caroline

    caroline Moderator

    GavinH likes this.
  4. Jack Kruse

    Jack Kruse Administrator

    Bitcoin is secured by thermodynamics. Fiat is secured by coercion and the threat of violence. El Salvador has turned its cheek to its violent past.
     
  5. ND Hauf

    ND Hauf Pleb

    GavinH and John Schumacher like this.
  6. Sean Waters

    Sean Waters New Member

    https://www.ft.com/content/18b59559-378b-4f14-ab2e-b54ede79816c

    Funny how the critiques of the El Salvador Volcano Bond is that "it is unlikely to improve it's creditworthiness" and "it will push it further from traditional debt markets" as stated by Kevin Daly, of Aberdeen Standard Investments, who said; "I don’t know who is going to buy these bonds but it sure as heck isn’t going to be us."

    That's why it's going to do so well Kevin, because you're not a part of it. Nor is the traditional debt market, or the credit market.

    Bye :)
     
    GavinH and ND Hauf like this.
  7. Jack Kruse

    Jack Kruse Administrator

    El Salvador’s ambassador to the US, Milena Mayorga, told to CoinDesk that the country is ready to burn bridges with international organizations if they will become an obstacle to Bitcoin adoption. According to the official, the US is concerned about losing the power of the dollar.

    Moreover, traditional international financial organizations are afraid that other countries will go for an alternative funding option if El Salvador’s “Bitcoin Bond” will succeed.

    Even though the dollar will lose power at some point why not join the revolution now? It's just pointless to fight change!!! It's sad that governments, supposed to encompass the upper echelon of society are unable to make rational decisions. Funny enough all this has precedence.

    Integrated thinking is an important aspect of a rational scientific & financial mind. HODLer's need to consider getting and building a life in this country in a smart fashion.

    Precedence has shown that those who resist change almost always end up on the losing side of history. Just ask any government with a colonial history.
     
  8. During a BRUTAL study at Harvard in the 1950s, Dr. Curt Richter placed rats in a pool of water to test how long they could tread water.
    On average they'd give up and sink after 15 minutes.
    But right before they gave up due to exhaustion, the researchers would pluck them out, dry them off, let them rest for a few minutes - and put them back in for a second round.

    upload_2021-12-9_15-38-45.png
    In this second try - how long do you think they lasted? [​IMG]
    Remember - they had just swam until failure only a few short minutes ago...
    How long do you think?
    Another 15 minutes?
    10 minutes?
    5 minutes?
    No!
    60 hours! [​IMG]
    That's not an error. [​IMG]
    That's right! 60 hours of swimming.
    The conclusion drawn was that since the rats BELIEVED that they would eventually be rescued, they could push their bodies way past what they previously thought impossible.

    Let think about this - BitCoin is no longer at 10K per coin; nor is it unknown to the "average" investor.
    If hope can cause exhausted rats to swim longer, what could a belief in yourself and your abilities?
    Remember what you’re capable of. Remember why you’re here.
    Keep swimming.

    BitCoin is not beyond reach...

    Reference: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3353513/
     
    Last edited: Dec 9, 2021
    Sean Waters, GavinH and ND Hauf like this.
  9. "El Salvador needs to pass a new law that will allow the country to grant a licence to Bitfinex to list the bond issuance. Once that happens, the goal is to issue the bond in the first quarter of 2022. Bukele hinted at a shorter timeline of the next 60 days.

    upload_2021-12-9_16-20-47.png

    Aerial view of energy extraction at the La Geo Geothermal Power Plant on October 22, 2021 in Berlin, Usultan Department, El Salvador. After declaring Bitcoin legal tender along with US Dollar, Salvadoran government mines cryptocurrency with 300 computers in plant powered by Tecapa Volcano.

    Source:
     
    Last edited: Dec 9, 2021
    JanSz, Sean Waters and GavinH like this.
  10. Jack Kruse

    Jack Kruse Administrator

    Savings = time = value = monetary energy = thermodynamic digital energy.
    I put my life time digital energy into Bitcoin because I am risk averse. The risk I see is inflation, hyperinflation, and deflation.

    El Salvador and Paraguay think like Jack.
    https://twitter.com/stacyherbert/status/1470087284032688133
     
  11. Jack Kruse

    Jack Kruse Administrator

    IMF Reiterates ‘Significant Risks’ From Bitcoin in El Salvador "Significant risks" for the financial establishment?
     
  12. In an IMF Press Briefing, December 16, 2021, Gerry Rice from the IMF Communication Department warns EL Salvador that the use of bitcoin raises many concerns. “Crypto technologies and digital payment systems have the potential to make payments more efficient, but bitcoin as legal tender entails significant risks to consumer protection, financial integrity, and financial stability.”

    My question is: what risk does El Salvador pose to the IMF?

    Source:
     
    Last edited: Dec 16, 2021
    GavinH likes this.
  13. How did trip go, restrictions?
     
  14. Jack Kruse

    Jack Kruse Administrator

    My last New blog of 2021 is now out: First, you must think, and then you must act. The eye can only see what the mind can comprehend. If you don't think it first, it will not happen. 2022 NEW YEARS WISHES FOR MY TRIBE.............. https://www.patreon.com/posts/2022-new-years-60434259
     
  15. Jack Kruse

    Jack Kruse Administrator


    An extinct business model.
     
    John Schumacher likes this.
  16. Jack Kruse

    Jack Kruse Administrator

    If you think your future is going to be like your past you're doing life wrong and wasting your time.
     
    ND Hauf and John Schumacher like this.
  17. ND Hauf

    ND Hauf Pleb

  18. Jack Kruse

    Jack Kruse Administrator

  19. Jack Kruse

    Jack Kruse Administrator

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