'Who elected George Soros to dictate laws?': El Salvador President Bukele blasts global elites
The Economic Times・2 minutes read
Soros is criticized for influencing public policy in El Salvador without democratic mandate, where the government is funded by money printing instead of taxes, potentially leading to a currency crisis. Structural changes and government re-engineering are crucial to prevent a currency crisis in the US, as demonstrated by El Salvador's transformation from the most dangerous to the safest country in the Western Hemisphere.
Insights
- George Soros is accused of influencing public policy without democratic backing, particularly highlighted in El Salvador.
- El Salvador's shift towards a government funded by money printing rather than taxes raises concerns about the sustainability of such a financial system and the potential for a currency crisis, emphasizing the need for structural reforms to avert such a situation.
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Recent questions
Who is George Soros?
A billionaire criticized for influencing public policy.
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Summary
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"Soros criticized for influence in El Salvador"
- Soros is criticized for dictating public policy and laws without democratic mandate, with a focus on his influence in El Salvador.
- El Salvador experienced free and fair elections, resulting in a landslide victory with over 84% of the vote and a super majority in Congress.
- The government is funded by money printing, not taxes, creating an illusion that taxes support the government, leading to a potential currency crisis.
- Structural changes and re-engineering of the government are necessary to prevent a currency crisis in the US, as seen in El Salvador's transformation from the most dangerous to the safest country in the Western Hemisphere.
