LIBRA currency... a reform project or a financial trap? Did Milei sell the Argentinians an illusion?
In a scene that was unfamiliar even in the most insane economic scenarios, a digital currency called $LIBRA turned into a symbol of hope, then into a financial nightmare, all within weeks. The story began with a resounding announcement from the President of Argentina, Javier Milei, one of the most controversial presidents in modern history, regarding his public support for digital currencies and the necessity of a complete transition to what he called 'monetary freedom.'
But among all the currencies, why did Milei choose the Libra currency? And why did official support from the state emerge for a currency that is not backed by any legal cover? Stranger still, the currency began to soar just minutes after the president's tweet. Are we facing a political financial project? Or a collective psychological engineering to steal the savings of the simple people?
The suspicious rise... and the tragic fall
With Milei's support, the value of LIBRA surged by more than 900% within two weeks, news swept social media, and people literally rushed to convert their savings from the Argentine peso to the new digital currency. It wasn't long before the collapse began: within just 72 hours, the currency lost 85% of its value, and withdrawal operations were frozen on most platforms.
The result? Tens of thousands lost their money, and the media began to talk about the largest 'Pump & Dump' in the history of modern digital currencies. Interestingly, official titles suddenly disappeared, and the president no longer mentioned the word 'Libra' in any speech.
Who stands behind Libra?
Preliminary research indicates that LIBRA currency developers are registered through a series of shell companies in Switzerland, Hong Kong, and Dubai, but all ultimately return to undisclosed beneficiary funds. Was this currency used as a financial weapon to redistribute wealth under the guise of 'economic freedom'?
And what's stranger? Reports indicate an indirect relationship between economic advisors to Milei and investment management companies that manage huge portfolios in the crypto market. Was LIBRA merely a tool for unloading the peso, and fleeing from inflation... or a deliberate draining process?
A dangerous similarity with previous cases
The Squid Coin in 2021, which skyrocketed and then disappeared!
The BitConnect currency in 2018 that siphoned billions from users.
And now, LIBRA 2025... but this time with direct political support.
Was what happened with LIBRA an exposed experiment on a national scale? Are we facing a new phase of using digital currencies as means of economic control?
The real question: Who's next?
If Argentina is the beginning, will such experiments extend to other countries? Are similar currencies being prepared for countries in Africa, Asia, and Latin America? And are these digital currencies merely free economic tools... or organized plundering and impoverishment projects in the name of digital freedom?#TrumpMediaBitcoinTreasury $
In summary: The LIBRA currency was more than just a digital token... it was a test of the politicians' ability to control the collective mind of the people through a façade of false freedom. While official support suddenly disappeared, the traces of the collapse remained etched in the pockets of citizens.
Was it a coincidence? Or an organized plan?
And should we expect a new 'presidential' currency... elsewhere... and under a different name?
