The Fiat Standard and Its Impact on the World Economy

Alex Gladstein joins us to discuss the destructive influence of the World Bank and IMF on the development of poor countries, and how fiat facilitates their operation, a topic discussed extensively in Saifedean's book, The Fiat Standard. With an infinite fiat credit line from the Federal Reserve, the "misery industry" is always looking for an excuse to get countries indebted, and the results have been catastrophic for the world's poor, but highly lucrative for fiat banking cartels.

Resources (All links available on saifedean.com/podcast/155-imf-world-bank-misery-industry-with-alex-gladstein)

• Alex Gladstein's article: Structural Adjustment: How the IMF & World Bank repress poor countries and funnel their resources to rich ones
• Alex Gladstein's book: Check Your Financial Privilege
• Full text of Fiat States, Chapter 11 of The Fiat Standard

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