In terms of size, El Salvador is the smallest country in the Americas.
If a person just relied on a paper map, it would be hard to find, and that's mostly because most people forget, including myself before, that a central America even exists.
The majority of us know north America and south America, and Mexico is the tail, but finding Nicaragua or Panama are not as easy.
Now, El Salvador is all over the news, and for more than one reason.
The president, Bukele, has decided that to make his country better, things couldn't be as they had always been...stuff needed to change.
Let's remember that El Salvador relies on the US dollar as it's fiat currency. During the civil war, their currency was worthless, and so they decided that using the USD was their best choice.
Now that Bukele is president, he saw what very few people actually inside the system of debt and death saw...a dollar that was losing its purchasing power year after year.
On top of this, there was a gang problem. It was so bad, that people were terrified of leaving their homes.
Bukele had his hands full, and looked for a solution.
After some time, there were two things the government decided on.
#1. The gangs had to go, and...
#2. A new currency needed to be found.
These were very ambitious goals, but he was determined to succeed.
A prison was built that was able to hold 40,000 people.
The gangs were rounded up, and justice was swift and severe.
Next, after the president understood the value of Bitcoin, the government purchased enough to give each El Salvadorian $30 USD worth, and plenty extra.
Both of those moves were controversial to the rest of the world, and mostly the USA.
Governments worldwide criticized Bukele for humanitarian abuses during the raids and arrests, and believed he had made a huge mistake buying Bitcoin.
Others applauded his efforts at bringing sanity to the small nation, as well as being the first country to make a cryptocurrency legal tender.
But he kept moving forward and spoke several times to his people about the amazing advancements and opportunities that were going to come to their country.
Crime was down 70% and murders were down about as much, and in a short amount of time. But the imprisonment of these gang members needs to have an end game. There needs to be more.
In all of this, as far as I can see, there are two scenarios that could play out.
#1. This is all to make sure that the people can live in peace and have a currency that isn't debased.
#2. Bukele is really a WEF puppet making changes for the coming crackdowns and regulations.
We know that the WEF has worldwide control, and control of many world leaders.
We also know that the WEF hates crypto.
So, if the WEF is in control in El Salvador, why would they allow Bukele to make Bitcoin a legal currency?
There could be a few reasons...
#1. Since the elites don't understand crypto, they may want to do a test run. And what better crypto than Bitcoin?
Building a miner using a volcano is risky, but very energy efficient. And the WEF are looking and using alternative energy sources that follow their "green" agenda.
#2. Purchase Bitcoin to keep it out of circulation.
This could be considered a conspiracy theory, but plausible when seen from their eyes.
Less crypto means a happier WEF. And this purchasing of Bitcoin shows the world that, "see, countries are sovereign, and we don't control them, or their politicians..."
But I don't think this is the case. I think that yes, El Salvador is somewhat run by the WEF, but Bukele isn't really a puppet.
I think he wants to see a better El Salvador, and his reforms have done that.
Being the "forward thinking person" he sees himself as, doesn't surprise me to see Bitcoin as currency.
At the same time, I believe he used the help of the WEF, of the USA to tackle the issues they were facing.
I don't like the fact he extended his hand to take money from others, but sometimes a person's greatest strength, is knowing when he cant do something, and asks others who may be able to solve the problem.
But Bukele is looking for another 5 years as president. This is unconstitutional in El Salvador. A person can only be president for 5 years, and can not run again.
Many of his critics are saying that he is trying to be a dictator for some of his views, and for seeking reelection.
If he does get his way and does run another 5 years, El Salvador could be better off, or they could be in a dictatorship... although I don't see that as likely.
Also, people talk, and many people say things for shock value, like changing a constitution to be able to run 2 terms.
Or he was being serious, and does wish to eventually oppress the people.
Only time will tell, and as things go right now, Bitcoin in El Salvador has brought in tons of tourism, and businesses.
People are no longer afraid to travel and move about the country. They can use the #1 crypto in all of their stores. But they are not FORCED to use it.
Each establishment can opt out if they don't want to do transactions in Bitcoin. Many do, but there are thousands that accept it.
The Bitcoiners that have traveled there say it is a great experience, and using Bitcoin wasn't any more difficult than in other countries.
If the gangs are kept out and away from the people, then El Salvador can see a prosperous country.
Let's hope Bukele is just a boaster, and not a dictator in waiting...
Thanks for reading, and let me know your thoughts in the comments below...👇🏻