I don't wish death on the Rand, but their current path makes it likely, especially now talking about making use of gold and foreign exchange reserves. That was one of the early signs in Sri Lanka.
https://www.noahpinion.blog/p/why-sri-lanka-is-having-an-economic
They need to get serious about these "welfare SOE's", the public wage bill, and obviously corruption. Last year we ran a R350b+ deficit. That's almost a full Eskom debt, annually.
In the meantime, we should focus on putting down Bitcoin-based solutions. If the Rand's collapse is inevitable, so is Bitcoin adoption, so there is an opportunity there.
Rob
npub1wc…48uhk
2024-02-20 08:18:36
in reply to nevent1q…wa0k
Author Public Key
npub1wcuhrw3pkvv8jrpc75e75hec0tdd2gyfe92ttghkhlxlf35papfsp48uhkPublished at
2024-02-20 08:18:36Event JSON
{
"id": "ea9a6c2e280643d06234282af132d75ad89f26f741ce3e3249495e5a8a18ff80",
"pubkey": "763971ba21b318790c38f533ea5f387adad52089c954b5a2f6bfcdf4c681e853",
"created_at": 1708417116,
"kind": 1,
"tags": [
[
"e",
"e0219c56eeb24450e27e58a03a6c0f8aeb2318ce3ca87976178c77cd05213890",
"",
"root"
],
[
"e",
"d552fb2602d82b0e01fd66bcfe405aedb2a1787f01c6b02b80b963afb5d06874"
],
[
"e",
"2084cd26deea05d3dae67144c259a6919555041d265bf10be65ddb032e29389b",
"",
"reply"
],
[
"p",
"7ecd3fe6353ec4c53672793e81445c2a319ccf0a298a91d77adcfa386b52f30d"
],
[
"p",
"763971ba21b318790c38f533ea5f387adad52089c954b5a2f6bfcdf4c681e853"
],
[
"r",
"https://www.noahpinion.blog/p/why-sri-lanka-is-having-an-economic"
]
],
"content": "I don't wish death on the Rand, but their current path makes it likely, especially now talking about making use of gold and foreign exchange reserves. That was one of the early signs in Sri Lanka. \n\nhttps://www.noahpinion.blog/p/why-sri-lanka-is-having-an-economic\n\nThey need to get serious about these \"welfare SOE's\", the public wage bill, and obviously corruption. Last year we ran a R350b+ deficit. That's almost a full Eskom debt, annually. \n\nIn the meantime, we should focus on putting down Bitcoin-based solutions. If the Rand's collapse is inevitable, so is Bitcoin adoption, so there is an opportunity there. ",
"sig": "4dfd5be9f775aa16a1389dadb7552bf6342f704c36621963962e878a908d024ba35c1acdbb0a6fac988196252d3f727973f7eef96bf008a49bc57eacff76ff3c"
}