Connect with us

Politics

Bitcoin Gets Backed by Politicians in Brazil, Mexico, and Many Other Latin American Countries | finance

Published

on

Bruno Ignacio

Bitcoin (BTC) is increasingly featured in speeches by Latin American politicians. In early June, El Salvador’s President Naib Bukele announced that the cryptocurrency would become official in his country. Since then, other countries have been flirting with the idea of ​​a digital currency move, especially when fiat money is weak and undervalued.

Bitcoin Gets Backed by Politicians in Latin America (Image: MichaelWuensch / Pixabay)

Bukele has garnered worldwide attention for its pioneering and innovative advertising. The global cryptocurrency market marked the adoption of Bitcoin as the first step towards the day-to-day adoption of a digital currency, which was definitely in line with the career of the young President of El Salvador.

In addition, the ramifications of bitcoin’s approval by El Salvador’s Congress have distracted attention from other serious concerns in the country, which is in the midst of delicate negotiations with the International Monetary Fund (IMF) and has tensions with the United States. Now, other politicians are emerging in which cryptocurrency is at the center of their economic proposals, which makes their candidacy more visible.

Bukele has quickly become a role model in Latin America, where the huge global cryptocurrency community is inciting young politicians to favor digital currencies. Tyler Winklevoss, one of the famous Facebook twins, tweet: “First they ignore you, and then suddenly Paraguay, Argentina, Panama, Brazil, El Salvador and Nicaragua accept #Bitcoin.”

Bitcoin’s Speech Moves Politicians

One of them is the Brazilian Fabio Ostermann, an MP from the NOVO party in Rio Grande do Sul. Back in 2018, he stated that he owns bitcoin and has been supporting cryptocurrency ever since. Last week, the politician joined the laser eye movement, in which digital asset enthusiasts are swapping their profile photos for edited versions with glowing red eyes. “Laser eyes up to $ 100,000,” Ostermann said in a caption to his photograph.

Gabriel Silva, an independent MP outside his country’s party system, also tweet his support for bitcoin and Bukele’s success in passing his bill in the El Salvadorian Congress. Since his first announcement of supporting cryptocurrency, his Twitter followers have nearly doubled.

See also  Acting in favor of the third path, MDB tries to stop Lulu.

Argentine Congressman Francisco Sanchez from the remote Patagonian town of Neuquen is another who has joined the wave of support for Bitcoin. Although he hasn’t proposed any law yet, he briefly changed his Twitter profile to portray himself with laser eyes, which quickly became his most successful tweet to date, garnering over 7,000 likes.

In Mexico, there is State MP Indira Kempis Martinez who has spoken out in support of federal adoption of bitcoin. Samuel Garcia, also a member of the Movimiento Ciudadano political party, won the recent governor’s elections in his home state, in part using the same cryptocurrency backing tactics.

Politicians advocating national adoption of Bitcoin are becoming more popular. A common factor present in almost all of the speeches is the presentation of a monetary alternative to increasingly weaker and devalued fiat currencies. The case of El Salvador is a prominent politically successful example of this new discourse. However, only time will tell the true economic results of using bitcoin as the official currency.

With information: The rest of the world

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

From Small Screens to Political Environments – O Presente

Published

on

From Small Screens to Political Environments – O Presente

Journalist Alan Medeiros left television after ten years to become the state’s preliminary candidate for citizenship.

After passing through Taroba and China, the journalist from Cascavel, Alan Medeiros, decided to leave his profession at least for a while to devote himself to politics. He nominated the name as a preliminary state candidate for citizenship.

[ Publicidade ]

During a visit to Jornal O Presente, the professional explained why he decided to immediately take on a larger project, such as a dispute in the Legislative Assembly, instead of starting in this environment, for example, as a candidate for councilor.

Medeiros also explained the reasons behind his nomination and praised his state and national political stance. Verify.

O Presente (OP): You are a journalist and now a candidate for deputy. Why did you make such a decision?
Alan Medeiros (AM):
I started journalism in 2008 when I was still a student. It’s been almost 14 years in journalism and 10 in TV where I spent time in Tarobá and RPC. I put three pillars in this dispute. First, the need for an update, which we need in the current scenario. The politicians that are there today, in my opinion, left much to be desired on issues such as the situation with toll roads for our region, for example, in addition to other issues related to education and health. The second point is that I worked with the Legislative Assembly from 2014 to 2016 and I know how it all happens, how strings are tied to pass a bill, how every political game should be appealed. And the third pillar is my career as a journalist. As I said, I have been working in communications for 14 years and have been a reporter in a print newspaper, I have worked in television and for the last five years I have been in China, which has a lot of coverage. As journalists, we have this bias towards the population. We listen to problems, give voice to the community, and demand solutions, from the simplest to the most complex. Today it happens that many politicians are present in cities only during elections, either every two years or, when they are actually elected, every four years. The idea is to make the mandate live, to translate this “policy” that people don’t know, so they can start following the votes. Transparency, participation in the mandate, listening to people so that they also participate in decision-making.

O.P.: Does the one who is in the Legislative Assembly manage to act differently, or does he end up sticking to the system?
AM:
This is achieved. Many people say that when they are not there it is one thing, but when they come it is another. As a reporter, many people said that the charge had already been brought against the Public Authority, and it had no effect, there was no solution. But when a journalist makes a report and there are results, we are happy. This is achieved through good ideas and bringing what is happening in the Assembly to public opinion. Make this transparent. If I do not have support in order to take a firm stand on some issues, I will play on public opinion and name people. I want to get there with clean hands and without obligation. This is an articulation, a political game, a persuasion, as a journalist I go for facts and figures to analyze the moments. I can be the backbone or the opposition to the government, but I will vote for what is best for the people of Paranana.

O.P.: Why did you decide to run yourself as a pre-state candidate, which is a bigger project, and not start your political life by contesting the election, for example, as a candidate for councillors?
AM:
Television generates this projection outside of the place. I was accompanied by an audience, every day and live, not only from Cascavel, but also from the West. And, moreover, in the North-West region, where I worked, for example, in Umuaram, Chianort and Paranavai. So these two regions will be my main areas of activity. It’s not that the deputy will not act in other cities, but where he was born, this activity is more pronounced in him. I will be present here more than, for example, in Londrina, Maringa, Campo Murao. To do this, we need to make collective construction and a representative mandate. I could have been a candidate for councilor in the 2014 election, but now is the time and the opportunity. I retired from television after five years in the PRC to be accessible and to make people remember that this was the reporter who accompanied us, from a pothole in the street to a denunciation at Gaeco (Special Action Group to Combat Organized Crime). He understands our daily life and our reality, not only in Cascavel, but in the region as a whole. Hence the term of the state deputy.

OP: Cidadania has formed a federation with the PSDB. However, in the state, his party is in alliance with Governor Ratinho Júnior (SDP). Who are you going to support in the campaign?
AM:
I work with César Silvestri Filho (PSDB) and I have no problem saying that. I disagree with some of the things the state government has done or not done in recent years, especially in our region. Speaking of Cascavel and the region, there are works that have not been carried out. The execution of Trevo Cataratas is a major bottleneck in the West, but it is carried out with the funds of a leniency agreement. There was no support in this matter from the state government, as in other works. The West was fined, including for delaying work. I do not agree with some issues, such as education, distance technical education. I find it intimidating. State security was also indebted in terms of investment. To a few questions that I ask, looking at the region, I do not end today with Ratinho Junior.

OP: Is Cidadania open to supporting another pre-candidate?
AM:
Citizenship is the foundation of a governor, and I must respect it. I joined the party because last year I saw that it had three deputies: Cristina Silvestri for Guarapuava, Douglas Fabricio for Campo Murao and Tersilio Turini for Londrina. I realized that this gap was in the West, Southwest and even in the Northwest, so that it would grow. If I had joined another party, also from the center, because I am not from the extreme right, much less from the left in the center, and I already had representatives, I would be another one in the line for bread. That’s why I chose Cidadania, because it’s a centrist party and because I have the opportunity to be known in the region. In fact, as soon as I entered, I brought a proposal, and I was nominated as a candidate for state deputies. As for the issue of the party being in the government, this discussion was held last year, and we must respect it. I’m not saying the government is bad, just that there is room for improvement and greater representation of the region. And at the same time, a federation was created between Cidadania and PSDB, which has a cascading effect. Therefore, I cannot say that I am betraying the party, because Sidadaniya is part of this federation. These are political things.

OP: On a bilateral issue, do you agree with Federal MP Rubens Bueno (citizenship)?
AM:
Yeah. The party has a problem of parting ways with those from Cidadania, and after all, if it has parted ways with PSDB, they still need to tune in. This should be visible in advance when the application entry is released.

OP: On the national stage, do you support the name chosen by the third way for the presidential race, which belongs to Senator Simone Tebet (MDB-MS)?
AM:
What. Cidadania and PSDB have entered into a possible future coalition with MDB. The name Simone Tebet makes me happy, firstly, because she is an active senator, as we saw in the CPI Covid-19. She is from Mato Grosso do Sul, has history and is prepared. The state is extremely agricultural and tends to have many more right-wing votes. And she, by presenting herself as a candidate for the center in a state close to us, neighboring Parana, will gain a lot from us. She is a woman ready to go out and build something better for the country. The poll shows today that Simona Tebet is still creeping in numbers, but we know she has a long way to go and that could change once the campaign starts.

OP: In a region where President Jair Bolsonaro (PL) dominates some of the electorate, does it bother you that you support another name?
AM:
I tell the region and the voters of Bolsonaro that I do not vote for Lulu (PT). So I’m not with Bolsonaro, but I’m not with Lula either. I’m looking for another way, because I don’t want what was from the past to return, and I also can’t agree with inflation as such; I cannot agree with the actions of the federal government in the face of the pandemic and when it delayed the purchase of vaccines; I cannot accept that the government changes the President of Petrobras and does not look at the board of directors, which consists mainly of members appointed by the government itself, and cannot change the fuel price policy. This has immediate consequences in everyone’s life. By playing with the price of fuel, this directly affects those who have a car but also depend on public transport. Therefore, I do not agree with some of the positions and economic measures of the federal government, as well as the attitude to religion as a flag and forgetting what needs to be discussed.

Maria Christina Kunzler/O Presente

Click here to join our whatsapp group

See also  Acting in favor of the third path, MDB tries to stop Lulu.

Continue Reading

Politics

The political class has shut up over the latest blow to institutions by this government

Published

on

Arquivo/Agência Brasil

Since taking office as president, Jair Bolsonaro has worked to undermine the credibility of Brazilian institutions. His attention was never directed to economic reforms of a liberal nature, or even to the defense of a conservative program in customs. Bolsonaro rules through chaos, using it as a strategy to retain power and take over the state by small interest groups.

The focus of this column was a list of the risks of Bolsonaro precipitating institutional collapse by trying to win the election at any cost. This week’s Senate agenda served as a practical example of this, showing that Bolsonaro’s government is not alone in this pursuit. As I write, the Senate is voting on a proposed constitutional amendment that would place the country on a “state of emergency” due to rising oil prices. Initially, the proposal provided for compensation to states that decided to reset the ICMS for fuel.

However, the PEC has turned into a package of state benefits, into shameless electoral populism. The project provides for the enlargement and expansion of the Auxílio Brasil, the exchange of trucks, gasoline vouchers, a subsidy for public transport and compensation for the ethanol sector. All this cost almost 40 billion reais this year. Some of these expenses may not be temporary. This is particularly risky as there have been no technical discussions on which to base these budgetary decisions. Thus, the medium-term and long-term fiscal risk increases.

Despite the high fiscal costs, the greatest damage is of an institutional nature. The amounts will be released despite the election calendar and cost containment rules dictated by the golden rule and spending ceiling. This is an irreversible damage to the system of checks and balances of the state budget, already sick of speaker expenses and the like.

See also  Globo Censors Political Scientist Who Explained Lula's Power And Blown Up On The Net

There are doubts about the constitutionality of the PEC. Unfortunately, this was not enough for senators, even from the opposition, to oppose the proposal. It is because of this political convenience that we see our institutions weaken more and more. A rule governing political behavior is useless if social agents band together to weaken the system of checks and balances they have created.

Bolsonarist’s project to damage Brazilian institutions now enjoys the support of almost the entire political class, which conveniently remains silent about the latest blow to institutions by this government.

*INSPER PROFESSOR, Ph.D. IN ECONOMICS FROM NEW YORK UNIVERSITY STONEY BROOKE

Continue Reading

Politics

‘People’s Ambassador’ Candidates React to Datena’s Departure

Published

on

'People's Ambassador' Candidates React to Datena's Departure

The announcement of the departure of host José Luis Datena (PSC) from the presidential race in which he will run for the Senate from the state of São Paulo resonated in the political world among both allies and the opposition.

Datena received praise from Marcio França (PSB), the pre-candidate for the São Paulo government, who called him the “ambassador of the people”. Tarcisio de Freitas (Republicans), who is also a candidate for the São Paulo government and a former minister of Bolsonaro, said he “regrets this decision, but respects the path taken.”

A few hours before the announcement of the resignation of the President Jair Bolsonaro he said he was done with Datena. The idea would be to collect a ticket with the host running for the Senate, Tarcisio for the state government and Bolsonaro for president. “I continue to count on your support as the excellent communicator that you are. We are now starting a conversation with good names to come up with a plan that will strengthen our project for São Paulo,” Freitas said in a statement.

As revealed by UOL columnist Kennedy Alencar, after Datena’s departure, Marcio France should run for the Senate and support PT in the race for Palacio dos Bandeirantes.. On Twitter, Frans turned to the host for help.

MP Bia Kichis (LP) shared an image of host Bolsonaro’s acceptance speech that featured a sentence saying the alliance didn’t work, but not because of the president.

See also  Santa Clara do Sul teacher and political leader Ivo Vikert dies at 80

the opposition is celebrating

On the other hand, opposition politicians were delighted with Datena’s withdrawal from the race for the Senate. Orlando Silva (PCdoB) described the departure as “the most popular body contouring in Brazilian politics”. This is the fourth time an MC has thrown his name to someone for a position and given up.

São Paulo Councilor Erica Hilton and Federal MP Ivan Valente, both from PSOL, also commented on the matter. Erika said she was relieved and said that Datena “turns violence into spectacle” and now wants to “turn politics into violence”.

Valente recalled that in the morning Bolsonaro had the support of the TV presenter. In his opinion, Datena “chose not to go down with the captain”.

Party president Juliano Medeiros celebrated the departure and said that now “São Paulo’s chances of electing a senator or a leftist senator will help defeat Bolsonaro’s program and elect Lula president.”

Continue Reading

Trending