Economic Crisis

Search documents
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
In this situation.Lending freezes. Banks collapse. Millions of jobs are lost. Homes are foreclosed on.The United States economy crashes. Asset prices tank.So:a) This can't happenb) The case for BTC shoots from 0 to 1, as it'd be the only money aroundThanks for playing. https://t.co/oL5UYsyLdz ...