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BTC107: The Real Impact of the IMF and World Bank w/ Alex Gladstein and Sam Callahan (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Is the IMF a Windfall for Dictators?
The IMF is very opaque about a lot of things, but what it's transparent about is that the loans get bigger over time. The debt is literally just going to pay back the old debt. They go back to taking out another loan. It comes with more conditions. And again, the dictators didn't care. I mean, they were happy to fleece the country and sell off the nation. But you know, in terms of goods and services, your time was getting stolen. Like there was literal wage deflation. This is a windfall for dictators and for bad actors. this is a wind like they're crushing.
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