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The Argentinian President's crypto scam exploited the dangerous illusion of apolitical money

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Scott Baker
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Yanis Varoufakis
Yanis Varoufakis
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On Friday 14th February, President Milei of Argentina tweeted about the $LIBRA coin, encouraging his followers to buy it on the grounds that it would “help fund small businesses and start-ups”. As if that weren’t enough, he shared a link for people to buy it online. Naturally, within a few hours, $LIBRA’s price shot up. Many more people, trying to escape the poverty that Millei’s policies have subjected them to, rushed in to buy. Alas, soon after the price of $LIBRA crashed and they lost their money.
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Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

Related Topic(s): Cryptocurrencies; Cryptocurrency; Money; Money Laundering, Add Tags
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