Puppet Masters

El Salvador pays off $800 million bond using bitcoin, avoids indebting itself to IMF

Andrés Engler
Coin Desk
Tue, 24 Jan 2023 17:26 UTC

President Nayib Bukele

El Salvador's $800 million bond issue set to mature on Tuesday has been repaid with interest, President Nayib Bukele said on Twitter.

Finance Minister Alejandro Zelaya confirmed the same news on his Twitter account.

"In the past year, almost every legacy international news outlet said that because of our 'bitcoin bet,' El Salvador was going to default on its debt by January 2023 (since we had an 800 million dollar bond maturing today)," Bukele said. "Literally hundreds of articles."

Bukele noted that he's only been able to find one article (from a Colombian newspaper) that's published news of the repayment.

In 2021, El Salvador become the first country in the world to adopt bitcoin (BTC) as an official currency, and earlier this month, the Legislative Assembly of El Salvador approved a law that will serve as a legal framework for the issuance of the country's long-delayed bitcoin-backed bond, also known as the Volcano Bond.

Comment:

Translation:

And his lies were received by investors as the truth. They caused bonds to fall sharply. Over time they understood that it was different and the bonds resurfaced. Today, the lie fell completely. There was no default, the one that they advertised for months.

Reader Comments

koyaanisqatsi ·

Bravo! Smart move,

· 2023-01-25T00:16:57Z

expat in chile · 2023-01-25T00:32:43Z

He also does not get proper credit for making El Salvador in just 4 years the safest country in the hemisphere when it used to be one of the most dangerous in the world (yes, more than even Iraq and Afghanistan). He also is against the UN/WEF types who impinge on national sovereignty.

balboa schwartz · 2023-01-25T01:07:00Z

expat in chile I can't help but think about what the PTB did to M. Qaddafi and Libya after he dared go against them. This fellow has the brass, certainly, I just fear for his, and his country's, future.

gonexploring · 2023-01-25T02:19:58Z

balboa schwartz If it did happen (i hope it doesnt) it would be seen as overly overt and alllllll hell will be let loose.. I think the (western and S.A) worlds plebs just need that final kick in the arse, that for me would be it and from that the fall of the new roman empire.. now the other edge of the sword could be the implementation of the ' new reset'!

gonexploring · 2023-01-25T02:20:35Z

expat in chile a country i'd love to visit some day

ReRan · 2023-01-25T02:33:14Z

balboa schwartz Yes, he needs to be on his toes at all times. (I hope that expression, on his toes, stiĺl means what it used to. They change the definition of things all the time these days.)

expat in chile · 2023-01-25T02:45:10Z

Lookup up his last year's UN speech with English translation. Also, there is a lot of MSM defamation stuff against him regarding "human rights". He has averaged to date a 95% to 98% approval rating with his public, no one in the hemisphere from Canada to Chile can even come close. I'll leave the analysis to your own research.

But many in crime ridden commie Chile, would welcome such a leader.

He is Palestinian in origin for those who wonder.

Suspect · 2023-01-25T02:58:19Z

balboa schwartz that's the first thing I thought. There seems to be a pattern in this world, go against the financial grain and end up coup'ed, dead, or both.

Heosphorus · 2023-01-25T04:48:27Z

balboa schwartz I understand your concerns. I've always noted that how an individual goes about thwarting Those Who Control the U.S. plays in their outcome. This guy is smart. Remember when he correctly pointed out that the U.S. appeared, I believe during Antifa riots, etc. with Soros-elected prosecutors allowing them to walk with no charges and Congress people actually claiming no violence was occurring, to be deliberately orchestrating the collapse of itself? He was right.

You play TPTB like the old Mafia. Pay your bills. Which he's just done in spades freeing himself from chronic indenture to IMF/World Bank/BIS. He's lowering crime and stabilizing his own country from what other remarks here indicate. If you paid your bills, kept your nose clean, and walked away from trouble, the old Mafia could live with you even if you had a bad history with them.

I think the same here.

Spur · 2023-01-25T04:09:25Z

As I recall, when the 'Plandemic' happened, the country gave out a Covid medical kit that contained IVERMECTIN! Surprise, surprise, the country did not have a Covid emergency.

Yeah, that is a bloke that has a target on his back...

JTF Truth · 2023-01-25T17:41:50Z

Just burn down all central banks processing centres. Put the fear of god into the string pullers.

Buffalo_Ken · 2023-01-25T17:52:15Z

JTF Truth - better yet, just cut the strings and let them flap in the foul weather.

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Puppet Masters

El Salvador pays off $800 million bond using bitcoin, avoids indebting itself to IMF

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