Economic Crisis
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A Chaotic Gold Rush Helps Bolivia Prop Up Finances
Bloomberg Television· 2025-08-19 07:00
As Bolivia's economic crisis worsens, the mining operations behind me are becoming even more important. As much as 60 tons of gold a year that's extracted from rivers and mountains in Bolivia is helping plug the gap in Bolivia's finances. That's at a time when natural gas exports have fallen sharply.The lithium boom is yet to happen. That leaves gold as a way to plug the gap as the government struggles to find hard currency to supply heavily subsidized fuel to the population. The hard currency shortage is e ...
X @Joe Consorti ⚡️
Joe Consorti ⚡️· 2025-07-16 16:26
Economic Downturn Scenario - Lending freezes, bank collapses, millions of job losses, and home foreclosures lead to a US economic crash and tanking asset prices [1] - The scenario presented is considered undesirable, implying a "game over" situation for the existing financial system [1] Bitcoin (BTC) as a Potential Solution - In the event of a complete financial collapse, the case for Bitcoin (BTC) as the only viable form of money would increase dramatically [1] - The value proposition of BTC would shift from negligible to paramount in a catastrophic economic scenario [1]