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Egyptian pound devalued by 15% overnight to qualify for $3B IMF bailout.www.reuters.com/business/finance/egypts-central-bank-raises-key-interest-rates-by-200-basis-points-2022-10-27/
273 sats \ 5 comments \ @indonesia 29 Oct 2022 bitcoin
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0 sats \ 0 replies \ @godlikeXi 29 Oct 2022

Fiat is what it is. Paper backed by Nothing!!! Nothing. Every fiat currency eventually fails.

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0 sats \ 1 reply \ @faithandcredit 29 Oct 2022

how can the world escape this bs?

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0 sats \ 0 replies \ @f6287b82CC84bcbd 30 Oct 2022

Bitcoin. opt out.

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0 sats \ 0 replies \ @zuspotirko 29 Oct 2022

Something about the debt crises in emerging markets is also very scary. Domino effects are unforeseeable.

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0 sats \ 0 replies \ @f321x 29 Oct 2022

Paper money doing it's thing (again)

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