” Bitcoin Fixes This “
” Just print more … ”
And stories like this is why Bitcoin was created and exists . And , this is why you see the negative press related to Bitcoin by the mainstream press , they are propped – up by and a part of the cancer .
” The Committee of Monetary Policy (COPOM) of Argentina’s Central Bank (BCRA) announced the intention to increase the monetary base by 2.5% per month for the next two months on Sept. 18.Per the announcement, the move is meant to ensure monetary and financial stability. The bank notes that it believes that the inflation of the Argentine peso caused by depreciation suggests a reduction in real monetary supply. The new exchange rate also lets observers project a real demand for sustained money, as the bank sees it.
The bank concludes that — given limited liquidity — it is necessary to update the originally established monetary base goals to avoid excessive monetary contraction. The update in question is a growth of the monetary base of 2.5% per month in September and October.
In the case of September, the variation is considered with respect to the bimonthly goal of July-August, leaving the monetary base objective for the current month at 1,377 billion Argentine pesos ($24.3 billion). The goals will be updated again based on the net exchange operations carried out by the BCRA from the date of publication of the statement.
… Argentinian Bitcoin (BTC) and open blockchain consultant Camilo Jorajuría de León pointed out the decision of his local central bank in a tweet published on Sept. 19 and commented:
‘ This is how local politicians steal everyone’s future from under their noses. Bitcoin fixes this. ‘ ”