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100 sats \ 1 reply \ @KenyaCoin 4 Sep 2022 \ on: 🧠 What Happens When a Country Defaults on its Debt? bitcoin

Haircuts in soverign debt restructurings with foreign private creditors since 1815

https://i.postimg.cc/N01kkr6n/533be8d2-5d26-415b-a2d8-fe294da99f78-1360x878.webp

"biTCoIn iS a SPeCulaTIvE riSkY iNVesTmENt!!!!"

- Each of those countries that have forced haircuts for their creditors in the past

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20 sats \ 0 replies \ @pillar 4 Sep 2022

It's almost feels as if something weird happened in 1971.

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