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cjd (cjd@pkteerium.xyz)'s status on Wednesday, 13-Dec-2023 22:10:44 JST cjd This looks like he's going for what economists call Shock Therapy. Interestingly, the IMF came out in support of his plans. -
Râu Cao ⚡ (raucao@kosmos.social)'s status on Wednesday, 13-Dec-2023 22:10:42 JST Râu Cao ⚡ @cjd Unfortunate phrasing of my reply perhaps. The changes are massive enough for such a short time frame. But in regards to the currency issues, there aren't any major changes on the horizon yet, unless I missed something.
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Râu Cao ⚡ (raucao@kosmos.social)'s status on Wednesday, 13-Dec-2023 22:10:43 JST Râu Cao ⚡ @cjd It's also just more of the same. Apparently, he's putting ex Wall Street bankers in charge of the central bank, instead of shutting it down like he said he would. And he's not going to kill the peso.
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LS (lain@lain.com)'s status on Wednesday, 13-Dec-2023 22:11:48 JST LS @raucao @cjd i was just about to complain... massive layoffs of public employees aren't something i'd call 'more of the same'. although "temporary tax increase" for "uniformity" is :amogus: -
cjd (cjd@pkteerium.xyz)'s status on Thursday, 14-Dec-2023 01:45:11 JST cjd My guess is he's walked into this thing and it's like Enron, with hidden debt everywhere you look - every day someone new shows up demanding monthly payment on some kind of a loan that some previous government borrowed. LS likes this.
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