In the years of working in the cryptocurrency circle, I have seen countless crazy ideas and bold assumptions, but the so-called "issuing currency to save the country" drama of Argentine President Milley still made me drop my jaw, and I was filled with anger and helplessness. This is not a good way to save the country, but a carefully planned disaster to accurately harvest the wealth of the people. Every one of them is a sin. One sin: blatant trampling of economic common sense
Currency is never a randomly created digital game. Mile's team hastily launched the new currency, completely disregarding basic economic laws. The value of a country's currency is determined by many factors, including its economic fundamentals, fiscal situation, and international trade status. With Argentina's economy already shaky and inflation running wild, hastily issuing currency is like patching a broken ship full of holes. Not only will it not help, but it will accelerate its sinking. This is a disregard for the most basic principles of economics and an insult to the people's IQ. Second sin: the ruthless plunder of wealth
After the new currency was issued, the exchange rate fluctuated greatly and the market fell into chaos. The wealth accumulated by ordinary people with great efforts quickly shrank in this storm. Families who originally relied on meager incomes to make a living watched their savings become worthless and their years of hard work went down the drain. In this chaos, the Miller government, through various means, transferred the wealth of the people to its own hands, completed a cruel wealth harvest, and pushed the people into a deeper abyss. The three deadly sins: the destruction of market trust
Although the cryptocurrency market is volatile, trust is the cornerstone of its operation. This action of the Argentine government has caused global investors to lose confidence in it. The already fragile financial market can no longer attract foreign capital inflows. Companies dare not invest, businesses dare not operate, and the entire economic ecosystem has fallen into silence. The once vibrant Argentine market has now become a "minefield" that everyone avoids, and all of this is caused by the Milley government. Four sins: the collapse of the financial order
Argentina's already complex financial system completely collapsed under the impact of the new currency. Bank runs broke out, savings vanished, and financial institutions closed one after another. Normal financial activities such as lending and payments could not be carried out, and economic operations came to a standstill. Not only did the Miller government fail to take effective measures to stabilize the financial order, but it added fuel to the fire, putting Argentina's financial system into an irreparable situation. Five sins: a heavy blow to people's livelihood
Ordinary people always suffer the most. Prices are soaring, the cost of living is soaring, and people can hardly maintain basic food, clothing, housing and transportation. The unemployment rate has risen sharply, and countless families have lost their source of income. Children have lost the opportunity to receive education, and the elderly have lost their basic living security. The Milley government's "issuing currency to save the country" is not saving the country, but the selfish interests of a few people, at the expense of the happy lives of all citizens. Six sins: self-destruction of international image
Argentina was once an economic powerhouse in South America, but now it has become an international laughing stock because of this farce. On the international stage, Argentina's credibility has plummeted, and trade with other countries has been seriously affected. Former partners have withdrawn, and international aid has become a distant prospect. For the sake of temporary political interests, the Milè government has destroyed the international image that Argentina has built over the years. Seven deadly sins: the destruction of hope for the future
For the younger generation, this crisis has made their future bleak. They have lost their jobs, their confidence in the country, and their courage to pursue their dreams. Argentina's future should have been full of infinite possibilities, but it has become confused because of the wrong decisions made by the Mille government. This is a crime against the future of the entire country and an irresponsibility to future generations.
Argentina's "issuing currency to save the country" farce is an outright tragedy. The "seven sins" of the Mille government have brought endless pain and disaster to the Argentine people. I hope other countries can learn from it and not repeat Argentina's mistakes. I also hope that the Argentine people can get out of this crisis as soon as possible and regain hope in life. Share what specific impacts the Mille "issuing currency to save the country" incident has had on the lives of the Argentine people? How do you view other countries' attempts to "issue currency to save the country" in economic difficulties? What cases in history have countries successfully achieved economic reversal through issuing currency?#阿根廷总统MEME币争议 #CardanoETF讨论 #地缘政治对比特币的影响 $BTC $ETH $TRUMP
