Saifedean Brands Milei Bond Rollover na Na Fiat Fraudu

Saifedean Ammous, wey write book "The Bitcoin Standard," don call Argentine President Javier Milei economic stabilization plan "fiat fraud." For one detailed X thread, Ammous yan say Milei administration offer investors 69% yield to roll over government bonds but dem manage only refinance 61%, e call am Ponzi scheme and warn say e go make Argentina more depend on multilateral lenders. Ammous yan say Milei no keep promise to abolish central bank and e choose to expand money supply instead of stop discretionary currency creation. E talk say Argentina now owe IMF record amount—borrow 1,352% of im quota—and dem don borrow extra $42 billion from World Bank and IDB. Official data show total inflation since Milei start work na 155%, and peso don drop up to 70% against dollar. From Bitcoin view, Ammous argue say government controlled fiat systems dey distort markets, dey promote speculative "carry trades" and dey force banks to bear sovereign risk. Opponents like economist Fernando Nikolić talk say lower inflation, expected GDP growth, currency liberalization, and budget surplus be signs say things dey stabilize. Debate dey on whether Argentina fit keep high-yield bond rollovers, manage disinflation, and stabilize exchange rates without create more money. As we dey talk, Bitcoin (BTC) dey trade around $113,612.