3min chapter

The "What is Money?" Show cover image

How the IMF and World Bank Repress the Poor with Alex Gladstein (WiM263)

The "What is Money?" Show

CHAPTER

Is There a Way to Eliminate Global Debt?

The World Bank and IMF, these are lenders that cannot take loan losses. You can never escape the squeezing of your economy for everything that you're worth. The deeper solution is that it's Bitcoin, right? It's one thing to send a country $30 billion in Bitcoin that you might not ever get back. If it's fiat and you've got lender of the last resort backing you forever, there's no disincentive to lend.

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