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Bolivia's Defeat Of Socialism Signals A Continental Realignment
Authored by Emmanuel Rincon via the American Institute for Economic Research,
It took 20 years to defeat Evo Morales's Movement Toward Socialism (MAS) in Bolivia through elections.
Two decades of political battle lines, along with a so-called “cultural war,” run deep in the region.
MAS rose to power thanks to the financing it received from Hugo Chávez, who, using the vast pockets of Venezuela's oil rents, injected money into campaigns across almost every country in the continent. For a long stretch, he and his allies virtually took control of South America—except for Colombia.
The Venezuelan crisis left them exposed, however. Not only did the money used to fund political campaigns run out, but the tragic example of Chávez and Maduro's socialism—driving more than nine million people to flee their country in search of better living conditions—became the starkest warning of the chaos caused by a system i...
Tether USDT Stablecoin Seen On Bolivian Store Price-Tags
Authored by Adrian Zmudzinski via CoinTelegraph.com,
Tether CEO Paolo Ardoino has shared photos of goods in a Bolivian airport shop priced in the company's stablecoin, USDt, suggesting growing unofficial use of the cryptocurrency amid the country's ailing economy.
In a Saturday X post, Ardoino shared images of items being priced in USDt in Bolivia, including sunglasses and sweets. One photo showed a notice to customers that prices were set in USDT:
“Our products are priced in USDT (Tether), a stable cryptocurrency with a reference price informed daily by the Central Bank of Bolivia, based on the rate from Binance (a cryptocurrency trading platform),” the notice read.
The notice said customers could pay in either local fiat currency, Bolivianos, or US dollars. USDT was used to establish the dollar-Bolivianos exchange rate.
Source: Paolo Ardoino
USDt making waves in Bolivia
The notice and the items were photographed at Duty Fly, an...
Ein chinesisches Konsortium hat in Bolivien einen Vertrag zur Produktion von Lithium unterzeichnet. Das Investitionsvolumen beläuft sich auf eine Milliarde US-Dollar. Wedbush-Analyst Dan Ives hält bei Tesla eine Bewertung von zwei Billionen Dollar für möglich....