September 7th, 2021 was another milestone on the road to the Bitcoin standard. On that day, Bitcoin has become a legal tender for all the citizens of El Salvador.

So, what’s the Big Deal? And what is El Salvador anyway? Until recently, El Salvador was an ordinary American colony in which, since 2001, the US dollar was the only means of payment, in which narcotics were traded for the profit of the largest bourgeoisie in the United States, and from which people fled in search of a decent life. Then, in the 2018 elections, to power came Nayib Armando Bukele Ortez, a politician only 40 years old, who decided to change things even if he had to use force. The Western media did not get much excited while Bukele sent the army to the Legislative Assembly to encourage the adoption of laws, and they cheered for him as he harassed the population with Covid measures. But then Bukele decided to distribute bitcoin through Chivo wallet with a coin worth of about $25 to his citizens (population has about 5.7 million people), and to legalize bitcoin as a means of payment…

The Law came into force on September 7th this year, despite the IMF’s mafia like ‘warnings’ that it was not good to do so. And immediately the media remembered that Bukele was an autocrat, a tyrant, a socialist… in short, you can see the announcement of a colored revolution…

Despite everything, President Bukele ignored the warnings and announced on Twitter that El Salvador holds 550 bitcoins after the purchase during a short-term bitcoin drop to $42,000:

But what exactly will that mean for the citizens of El Salvador? The fact that bitcoin is legalized does not mean that it will be possible to buy everything for bitcoin immediately. Still, McDonald has already accepted a new means of payment in El Salvador.

Public opinion polls show that over 50% of the population is skeptical about cryptocurrency, and as many as 71% claim that they will not use it at all. Did we paint in vain? Of course not. Thanks to the sad state of the economy, due to which many citizens of El Salvador were forced to work abroad, one fifth of the income in the budget of this country is filled with remittances. As soon as that distrustful part of the citizens realizes that receiving remittances is much easier, faster and cheaper through bitcoin than through banks, things will change. Listen to how Dominic Frisby describes the situation in El Salvador after the introduction of bitcoin:

So, after this move, Bukele’s fate will no longer be important, because the genie has already been released from the bottle. People are still very slow to realize that the purpose of the great global robbery was not only to steal savings, but to prevent any possibility of savings. In the minds of psychopaths, it is much easier to control the proletarian masses in this way. Now, through the use of decentralized cryptocurrency, people will realize much faster that savings are only possible in bitcoin, and that the states in the service of financial plutocracy cannot seize those savings. Exactly as Max Keiser and Stacy Herbert, our @keiserreport, have claimed for years:

In less than 13 years, Bitcoin has made great strides. September 7th will be a historic day for El Salvador, but also for bitcoin in its effort of freeing the World from the monopoly of financial plutocracy.

The creation of the global crisis has influenced its function of financial rescue to come to the fore faster than any other means in the history of money. It’s important not to quickly conclude that central bank digital currency (CBDC) will be just the same as bitcoin. It is not the same and will never be the same. CBDCs are designed to be the pinnacle of fraud with centralized money controlled by financial plutocracies. Bitcoin is the only means by which their monopoly can be broken.

It is now time to re-check the the relation between Bitcoin and Gold, which we started to follow on this blog just over four years ago, and then decide what are you going to do with your funds in the bankers hands: