2min chapter

How the IMF and World Bank Repress the Poor with Alex Gladstein (WiM263)

The "What is Money?" Show

notes

CHAPTER

The Debt Trap

From 1960 to 2017, $62 trillion was drained out of the developing world. That's the equivalent in real dollars of 620 Marshall plans. We're talking about 620 times that to impoverish the global south and benefit us. And you know, this is the debt trap.

00:00

Transcript

Episode notes

Alex Gladstein is the Chief Strategy Officer at the Human Rights Foundation. He joins me for a deep dive into his upcoming book “Hidden Repression”. We discuss how the IMF and World Bank repress poor countries and funnel their resources to rich ones, and more.

GUEST:
Alex's Twitter: https://twitter.com/gladstein
Alex's New Article: https://bitcoinmagazine.com/culture/imf-world-bank-repress-poor-countries
Alex's Book: http://cyfp.org/

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Outline:
00:00:00 “What is Money?” Intro Music
00:00:08 “What is Money?” Intro Message
00:00:54 Do More with Your Digital Assets with Ledn
00:01:39 Introducing Alex and His Upcoming Book, “Hidden Repression”
00:03:27 Entry Point in Alex’s Journey Into Understanding The IMF and World Bank
00:05:18 How the IMF and World Bank Came About
00:10:35 Transition From Traditional Colonialism to Politically Correct Colonialism
00:16:22 Making Money By Using Debt to Enslave Citizens in Poor Nations
00:22:39 Why The IMF and World Bank Prefer To Work With Dictators
00:26:09 Ever-Growing Bubble of Global Debt to Sustain The Ponzi Scheme
00:31:26 Debt Trap Examples Around The World
00:34:09 Centrally Planned and Manipulated Agricultural Market
00:35:19 Double Debt Phenomena
00:37:57 Hidden Contributor To The Richness of The Developed Countries
00:38:53 Institution of Broken Incentives, Social Engineering, and Economic Manipulation
00:45:33 Data Behind How Much Money Was Stolen
00:49:27 System That Creates Today's Odious Debt
00:52:38 Crazy Statistics Behind The IMF and World Bank
00:55:13 Drug Dealer Analogy For The Fiat Money System
00:58:35 Take Control of Your Healthcare with CrowdHealth
00:59:37 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
01:00:12 A Chance To Win Discounted Tickets to The Bitcoin 2023 Conference and 10M SATS
01:01:09 Hold Bitcoin in the Most Secure Custody Model with Casa
01:01:57 Consequences of Monetary Imperialism
01:02:40 Solution to The Problem And Where Marxism Misses The Point
01:05:36 The End Game of The Biggest Bubble in History
01:12:12 Alternative To The IMF and World Bank
01:18:12 Fusion Between The Best of Capitalism and Socialism
01:25:07 A Tool For "Forced" Cooperation
01:32:50 Veracity System For Those Most In Need of It
01:35:15 The Messy Transition From Fiat Standard To Bitcoin
01:37:35 Monetary Colonialism Being Used To Weaponize The Financial System
01:39:43 Another Example of The Double Debt System
01:42:58 Moral Hazard Issue of The Supranational Central Bank
01:46:36 Post 2022 New Bretton Woods System
01:48:41 Urgent Need For Education About Exploitation By The IMF and World Bank
01:50:20 Where to Find Alex's Work
01:51:35 "What is Money?" Outro

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