155. IMF & World Bank Misery Industry with Alex Gladstein
The Bitcoin Standard Podcast
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Is There a Risk in Borrowing?
The world moved a big amount of its gold to the US after World War II. The free world got into Bretton Woods by handing over a chunk of their gold reserves to the United States. To get a World Bank loan, you have to join the IMF first. This is how the system was set up. And until the 70s, there was a stipulation whereby when you joined the IMF, you had to deposit a certain amount of value with the IMF.
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