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𝕏Ð Just Read the Instructions
Joined December 2011
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🐦⬛♕♡♕🐦⬛ retweeted
🚨🇵🇾 A bank with 3 MILLION customers just collapsed in Paraguay, and it took the country's PRESIDENT down with it.
That's nearly HALF the population of 6.5 million.
Ueno Bank was supposed to be Paraguay's fintech success story. Instead, regulators discovered serious solvency problems and questionable lending to companies linked to its controlling shareholder.
And then things got political.
The bank was managing around $850 MILLION in public funds, while President Santiago Peña had previously held a stake in its parent business group.
Even Paraguay's central bank chief had previously RUN the bank. He resigned on Tuesday.
Now Peña has resigned too, with prosecutors investigating his possible involvement. He denies wrongdoing.
Meanwhile, ordinary Paraguayans are still struggling to access their savings, including pensioners who depend on payments through Ueno.
Imagine waking up to find your bank frozen, the central bank chief gone, and your president resigning.
All in the same week.
Source: Reuters / Writer: Oliver
🐦⬛♕♡♕🐦⬛ retweeted
Call me crazy...
But maybe the fact that 3 MILLION people in Paraguay just had their salaries, pensions, and savings frozen...
...while every American news network spent the last 48 hours hyper-focused on election night...
is not a coincidence.
Ueno Bank.
60% of all adults in the country.
Accounts locked.
App dead.
Branches guarded by police.
Central bank stepped in after the solvency ratio cratered below half the legal minimum.
State pension funds exposed for hundreds of millions.
Depositors locked out overnight.
And almost nobody in U.S. media is talking about it.
Because election coverage is easier.
And infinitely more convenient.
🐦⬛♕♡♕🐦⬛ retweeted
Meanwhile, in South America. Too much fuel pressure on the Chevrolet? The little Wliiys took a souvenir, for his dog.
🐦⬛♕♡♕🐦⬛ retweeted
TOKEN2049: "There's nothing like it in this entire space, maybe in the entire world."
DogeOS Founder & CEO @MyDogeCEO on Dogecoin being the PvE that won in a PvP industry; a community that built the culture first and the money second.
Full interview coming soon!
🐦⬛♕♡♕🐦⬛ retweeted
🚨 A BANK COLLAPSE HAS JUST BROUGHT DOWN A COUNTRY'S PRESIDENT.
And Everything happening in Paraguay right now is a reminder of exactly why Bitcoin is needed.
Paraguay is facing a massive financial crisis after Ueno Bank, used by nearly 60% of the country's adults, collapsed.
Around 3 MILLION customers have been left unable to access their money.
And the damage is spreading.
• $2.8 BILLION in bank deposits affected.
• Around $850 MILLION in public funds tied to the bank, including $380 MILLION from the state pension and health system.
• 13 mutual funds across five investment firms have temporarily frozen withdrawals.
• Trading in Ueno's bonds has been suspended.
• Eight bank executives are under investigation for suspected financial wrongdoing.
But the political fallout is even bigger.
Paraguay's central bank chief resigned, thousands of angry citizens took to the streets, and now President Santiago Peña has RESIGNED amid growing pressure over his ties to the bank's owners.
One bank failure has now turned into a national financial and political crisis.
Imagine waking up tomorrow and finding out you can't withdraw your own savings because your bank collapsed.
This is exactly why Bitcoin matters.
Banks can fail, accounts can be frozen, and governments can limit withdrawals.
But with Bitcoin in self-custody, nobody can freeze your coins simply because a bank went bankrupt.
The more banking crises like this happen, the stronger the case for Bitcoin becomes.
🐦⬛♕♡♕🐦⬛ retweeted
JUST IN: Jim Cramer assures investors the AI stock selloff is not another dot-com crash.
🐦⬛♕♡♕🐦⬛ retweeted
🚨 Chapter 4: The Getaway is LIVE!
Our operatives uncovered big intel on their experiments. But it looks like we triggered the security patrol!
Apparently, someone takes cleaning up loose ends VERY seriously.
🎯 quest.dogeos.com
🤖 Made with AI
🐦⬛♕♡♕🐦⬛ retweeted
🚨BLOODBATH IN JAPANESE MARKETS
¥73,005,000,000,000 ($465B) wiped out from Japanese stocks as the NIKKEI crashes -6.2%.
The AI bubble is popping across global markets.
🐦⬛♕♡♕🐦⬛ retweeted
🚨 INSANE CRASH
In just 60 minutes, $2.5 TRILLION has been wiped from US stocks, while another $150 BILLION has been erased from crypto.
It's an absolutely bloodbath...
🐦⬛♕♡♕🐦⬛ retweeted
The Democrats have solved the inflation problem in 24 hours:
Everyone is poor now.
