Headline, April 24 2025/ ARGENTINA : ''' CRYPTO -TOWN- CROWN '''

ARGENTINA : 

''' CRYPTO -TOWN- CROWN '''

! FIRST AND FOREMOST ! : THE WORLD STUDENTS SOCIETY is the exclusive and eternal ownership of every student of Argentina, just as it is the exclusive and eternal ownership of every student in the world. 

FOR DECADES -ARGENTINA HAS ENDURED bouts of hyper inflation, and two years ago the annual rate stood at a battering 211 percent. More recently, the rate has fallen to about 67 percent.

At a backyard barbecue in San Pedro, Argentina, last May, Rafael Flaiman spotted a friend wearing a light blue blazer that looked a little too snazzy for the occasion.

He needled the guy a bit. What's with the jacket? Mr. Flaiman asked. '' La China pays, '' the friend replied, with a triumphant smile.

La China? Mr. Flaiman grew up in San Pedro, a struggling riverside town of 70,000, and for 16 years he's been a reporter at La Opinion, the local newspaper.

But he'd never heard of someone named La China - Spanish for the Chinese woman - and had no idea why she bought a nifty new blazer for his buddy.

A handful of the 20 people at the barbecue, it turned out, knew all about this mysterious figure and were eager to explain the singular way she's earned them money.

Every weeknight at about 9 p.m., they said. La China turned up on the Telegram channel of crypto currency exchange called RainbowEx.  

There she taxted instructions to buy some type of crypto - invariably an obscure and thinly traded one, known in the industry as memecoin - at a particular price.

The same message said to sell the coin when it reached a certain, higher price, which it always did soon after.

It was as steady as a clock. Everyone on RainbowEx bought the coin, the value of the coin rose, everyone sold. Upticked the balance in their RainbowEx accounts.

Nobody knew who La China was, where she was or whether she even existed. She was just a photograph of a young Asian woman on RainbowEx's Telegram channel.

The guy with the new blazer took out the phone and showed Mr. Flaiman photos of La-China enabled purchases by locals. A car, a motorbike, a television. Some people were renovating their homes.

These were major splurges in San Pedro, a place known for an annual crop of oranges, a large paper factory and little else, where it came to moneymaking opportunities. Not that other parts of the country were thriving.

There were skeptics at the party, too. RainbowEx investors received 20 percent of the profits earned by newcomers they recruited, a classic feature of a pyramid scheme.

Plus, the exchange purported to offer returns of as much as 2 percent a day, which works out to roughly 137, 000 percent a year. Fantastical numbers.

Mr. Flaiman, 44, stayed at the barbecue until 3 a.m.on Sunday. That day Lill Berardi, the newspaper publisher, heard from a friend who'd been invited to join RainbowEx.

In the weeks that followed she met others who'd signed up, and when she asked them concerned questions, they had variations of the same retort.

'' What do you care what I do with my money? It's my money. The sentiment, like La China, soon went viral. In the months to come, nearly one-fifth of the population of San Pedro, about 16,000 people, would invest in RainbowEx, piling tens of millions of dollars into the exchange.

One resident said that by September 2024, the streets were quiet at 9 p.m. because everyone was waiting for the lastest tip.

Eventually, tiny San Pedro would become a national story and reteach a lesson as old as money : People who think they're on the verge of life-changing wealth will believe almost any fiction.

And at the heart of this fiction stood a character who seemed purpose-built for the moment - a few parts crypto whisperer, a faw parts folk hero.

The Honour and Serving of the Latest Global Operational Research on Wealth, Mankind and Crypto, continues. The World Students Society thanks David Segal.

With respectful dedication to The Global Founder Framers of The World Students Society - and then Students, Professors and Teachers. See You all prepare for Great Global Elections on :  wssciw.blogspot.com and Twitter X !E-WOW! - The Ecosystem 2011 :

Good Night and God Bless

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