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BTC107: The Real Impact of the IMF and World Bank w/ Alex Gladstein and Sam Callahan (Bitcoin Podcast)

Dec 7, 2022

Alex Gladstein, a human rights activist and author, joins Sam Callahan, lead analyst at Swan Bitcoin, to explore the profound impacts of the IMF and World Bank on developing nations. They discuss how structural adjustment policies often misrepresent the needs of poor countries. Through the story of Bangladesh's shrimp industry, they illustrate the cycle of debt and dependency created by international loans. The conversation highlights Bitcoin's potential to empower nations economically, challenging existing financial structures and promoting financial autonomy.

01:36:19

Episode guests

Sam Callahan

Alex Gladstein

AI Chapters

Episode notes

Intro

2min

IMF and World Bank: A Historical Perspective

19min

The Colonial Legacy of Debt and Agricultural Dependency

5min

Optimizing Health and Business with Technology

3min

The Paradox of Structural Adjustment in Bangladesh

18min

The Stranglehold of International Loans on Developing Nations

6min

Debt, Power, and Corruption

21min

Bitcoin and Global Economic Inequity

22min

Critical Reflections on Global Finance

5min

IN THIS EPISODE, YOU’LL LEARN:

05:50 - So what is the intended mission of these organizations (IMF and World Bank)?
25:16 - What is Structural Adjustment and why is the impact misunderstood?
30:17 - The story of Shrimp in Bangladesh and how it helps listeners understand Structural Adjustment.
40:25 - How and why countries that take on IMF loans are more likely to take on even more debt in the future.
44:55 - How poor countries are in essence subsidizing the abundance of rich countries while destroying their ability to be self-sufficient.
55:30 - Why the IMF and World Bank never found a dictator that they didn't like.
01:22:27 - How countries that have taken the most loans are also the countries that have the highest concentration of Bitcoiners.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Alex Gladstein's article: Structural Adjustment: How the IMF and World Bank Repress Poor Countries and Funnel Their Resources To Rich Ones.
Alex's organization, the Human Rights Foundation.
Alex Gladstein's Twitter.
Sam Callahan's Twitter.
Sam Callahan's company, Swan Bitcoin.
Related Episode: Central Bank Digital Currencies Vs Bitcoin w/ Sam Callahan - BTC097.
Related Episode: How Fiat Blinds Bitcoin's Importance w/ Alex Gladstein - BTC071.

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