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Bitcoin and Opting Out of the IMF & World Bank

The Breakdown

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The World Bank and the IMF

The affinity of the IMF and World Bank with dictators runs deep into their very founding. Between 1960 and 2017, a staggering 62 trillion was drained from poor countries to rich ones. Third-world countries were never allowed to go bankrupt. Instead, broke autocrats would get new loans from the bank and fund. The leaders of these sister institutions knew that third-world debt could only be repaid with more debt. There was zero democratic accountability.

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