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Bitcoin and Opting Out of the IMF & World Bank

The Breakdown

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The Bank and Fund

The bank and fund have not developed poor countries or saved them from bankruptcy. The voting structure means the US, Europe and Japan are in total control. Britain has more votes at the bank and fund than India despite being 20 times smaller. No one with power in this arrangement has any incentive to change the game. Only a paradigm shift could change things. Everyone knows there is a put on sovereign debt. Creditors will be repaid. In a Bitcoin standard this ends. The colonial drain may finally come to an end.

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