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A comment on El Salvador expected to default as Bitcoin plummets. Parent comment

Re:El Salvador expected to default as Bitcoin plummets by el-salvador on Wednesday May 11, 2022 @11:11AM (#31341124)
That may be one factor, but not the only one. Someone had made graph of the bond prices and added the dates of some government actions and announcements. I'll try to post it below if I find it.
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Re:El Salvador expected to default as Bitcoin plummets by el-salvador on Wednesday May 11, 2022 @12:17PM (#31342057)
Salvadoran bonds reached their all time high after the Elections in March 2021, because investors expected stability with an officialist majority party in the local congress.

On the first session though. One of the first things the congress did was to change the Supreme Court and the Attorney General.

Did I say all that happened in just two hours, live, in a HD televised session with what I believe scripted dialogs. They even had crane cameras and rail cameras for cinematic effect.

Hard to explain. Just imagine C-SPAN turning from C-SPAN into a reality-show-contest production style. Laws (including your legal tender) being approved in 2 hours with no previous announcements. Sometimes at midnight too.

And let me get to the part when the interpretation of laws can change with a government's official tweet or tv appearance. Yes. Sometimes more than once a day. And sometimes the interpreted law being the opposite of the written law. Sometimes in a foreign language. Really. :)

Imagine living in a reality show where every major change in the plot is announced on Sunday at primetime. Except the reality show is your country. :)

Those changes started worrying bond investors. Many other things, good and bad, have happened ever since, too long to type in a comment.

In less than a year. The 2052 bonds went from an all time high to an all time low. [1]

[1] https://www.boerse-frankfurt.de/bond/usp01012cc84-el-salvado...

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Re:El Salvador expected to default as Bitcoin plummets by toomuchtodo on Wednesday May 11, 2022 @07:20PM (#31347261)
> Did I say all that happened in just two hours, live, in a HD televised session with what I believe scripted dialogs. They even had crane cameras and rail cameras for cinematic effect.

Would you have a link to the video by chance?

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Re:El Salvador expected to default as Bitcoin plummets by atlacatl_sv on Saturday May 14, 2022 @11:49AM (#31379132)
I couldn't find the high res video but I did find this one in Spanish. https://youtu.be/_H_78hp-vRE
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Re:El Salvador expected to default as Bitcoin plummets by toomuchtodo on Saturday May 14, 2022 @12:01PM (#31379271)
No worries. Thank you!
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