Brazil and Argentina are considering a common trading currency, but that would only solve the economic problems that Bitcoin can solve.
This is an editorial opinion by Jack Williams, an undergraduate business administration student and Bitcoin HODLer.
Brazil and Argentina have faced off in many arenas, namely the World Cup Qualifiers and the epic Copa América. So, as an avid (‘Murica) soccer fan, I found this Mises.org article by Marcos Falcone a little strange at first because it suggested that these two rivals could work together to create a common currency. However, considering the position of both countries in the global economy, the idea makes sense.
Argentina has gradually moved to economic uncertainty as the currency inflates year after year and often month after month. Brazil is facing political and economic uncertainty after the recent disturbing events regarding the re-election of President Lula da Silva, who is facing corruption charges before his campaign in 2022. According to Falcone, President Lula and Argentina’s economy minister, Sergio Massa, have discussed the possibility of a currency trade. between the two nations.
Without a doubt, if Brazil and Argentina ever reach such an agreement, the currency will take more wealth out of the hands of Argentines and Brazilians. Despite the sweet nothings Lula da Silva and Argentine President Alberto Fernández will whisper into the ears of their respective citizens, the only victory they can achieve is in front of their cronies. Falcone also shares these concerns in his article, providing a stellar account of the economic history of Argentina and Brazil, as well as a strong case for why speculative fiat solutions are the only legitimate reforms.
Argentina And Brazil Don’t Miss This Opportunity For Bitcoin
But Brazil and Argentina have a rare opportunity to change the dynamics of international economic cooperation and diplomacy for the better by using Bitcoin. As respected anarchist author and podcaster Michael Malice puts it, “Every country is in a state of anarchy against every other country.” To extrapolate this, Brazil and Argentina are the best shot at stabilizing trade and boosting the economy through Bitcoin.
The stabilization effect of the trade comes from the cardinal, objective, cardinal assessment of the goods sent between the two countries tied to the digital currency that is not controlled by the governments of Brazil or Argentina, should not be underestimated. Officials from both sides can sleep soundly knowing that their own countries are not being harassed by their neighbors and that their citizens are reaping the economic benefits. and together with their rival nations. Know what a politician is correct get rain dreams about, I know this solution is reliable. In the end, we don’t need these politicians to implement this way of international trade. We can open the knot without the consent of Lula da Silva, Fernández or other parasitic politicians.
But formal Bitcoin adoption is not impossible. Just look at El Salvador. All the work that needs to be done on the political front is to give some official permission to use Bitcoin and maybe some encouragement through light propaganda. More work will be done through miners, node runners and Bitcoin enthusiasts in the two countries and around the world.
People Are Ready For Bitcoin
And the political foundations may have already begun in both countries.
Conflicting accounts coming out of Brazil, including statements from federal representatives, have suggested that bitcoin has the potential to become legal tender. From Argentina’s point of view, one of the future presidential candidates is the passionate, boisterous, disciplined Austrian economist Javier Milei, the current federal representative of Buenos Aires. He credited Bitcoin as a “natural reaction” to “central bank fraud.” The more I listened to him, the more I hoped. Bitcoin has the possibility to be a massive economic and political victory for the struggling South American countries and their population.
What we have to say is that people in Brazil and Argentina are looking for better options than what is provided and distributed. People are looking for better economic opportunities or they are looking for government, as other countries are doing. As Bitcoin miners, node runners and scholars, we must raise and reflect the positive effects of the best cryptocurrency on the planet to those who are eager to grasp the message of hope.
Individuals determine what is valuable in society, and communicating knowledge and ideas across borders has never been easier. Make no mistake, the ideas we hold and the beliefs we hold are bulletproof to any regime that threatens to conquer our physical plane. One must understand that regimes cannot control our minds unless we allow them to enter them. As Victor Hugo wrote, “No army can stop an idea that has arrived.”
This is a guest post by Jack Williams. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.