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0 sats \ 0 replies \ @TheBTCManual 28 Jul 2022 \ on: El Salvador Plans To Buy Back It’s Own Debt bitcoin
I don't think it's as dire as they make it out to be, but I don't think they're in the clear, all countries are getting rekt and since they can't print dollars to service their debt it must be a real dick punch with this interest rate hike.
We're seeing major liquidity issues around the world, people are scrambling for dollars so I don't see where they're just going to raise more money to roll it over, or where they're going to get this influx in GDP and revenue to cover this gap up.
Im still conflicted on the situation and news from the country isn't very detailed, just a bunch of puff pieces