Speaking Of Crypto
073. Mauricio Di Bartolomeo on Hyperinflation in Venezuela: Is Bitcoin A Solution?
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 1:12:21
- More information
Informações:
Synopsis
Mauricio Di Bartolomeo, Co-founder of Ledn, shares his perspective of growing up in Venezuela. We talk about what the culture, and economic and political sentiment was like when Hugo Chavez became president rewrote the constitution, renamed the country, changed the flag and and changed the entire economic landscape that ultimately created the devastating state of hyperinflation that there is today, which, in 2019, is estimated to be 10 million per cent. We talk about the oil boom instigating outrageous government spending, Chavez’s marathon Sunday propaganda broadcasts of Aló Presidente and his power moves like expropriating property live on national TV under the guise of making life better for the people of Venezuela. “Authoritarian regimes have been incredibly successful when they place capital controls, in pushing this narrative that it doesn't affect the common person, that it only affects the rich people because they travel. And because they get to buy things from abroad, but that these currency control