Nayib Bukele’s Trolling of The Bank of England Shows How Far We Have Fallen

The United Kingdom has learnt the wrong lessons from history

We are left counting the pennies. Image by Sarah Agnew via Unsplash

A few weeks ago I wrote an article on the state of affairs in the United Kingdom.

In the post I likened Britain’s situation in the last six years to Argentina in 2001/2002 when they had five Presidents.

Argentina’s unravelling was simply due to its economic circumstances and the United Kingdom, today, is no different.

Not unless you have been living under the rock for the past few days, you will be well aware of what’s currently going on with the nation’s economy.

Owing to the insistence of our finance minister’s insistence on borrowing to fund another round of tax cuts, we are currently staring into the abyss with sterling taking a massive hit in the capital markets.

And our problems haven’t gone unnoticed by the rest of the world.

Nearly a year ago, tiny El-Salvador, a nation state that you can barely pick out on the map made the all-important decision to adopt bitcoin as its official currency.

As expected, naysayers everywhere were quick to predict the doom that would engulf this tiny central American nation.