
Bullish On El Salvador w/ Max Keiser and Stacy Herbert
Bitcoin Magazine Podcast
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Is America a Kleptocracy?
Max Bicheli: El Salvador had their, I mean, they were basically pressing in the default. The president decided to call their bluff and a few months ago, he retired a big piece of their external debt. And he just announced last week he's going to retire all their debt. So they won't have any debt. Going plus the economy is growing at 10.3%. Tourism's up 100%. Employment's up 7%. New business up 12%. Exports up 17% internal revenue up 37%. All with a deficit domestically have approximately 5%.So they're saving for their country a lot of money.
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