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?
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
Re:El Salvador expected to default as Bitcoin plummets
by toomuchtodo on Saturday May 14, 2022 @12:01PM
(#31379271)
No worries. Thank you!
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...