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61 sats \ 21 replies \ @Fabs OP 19 Dec \ parent \ on: IWF bought El Salvador into submission: Bitcoin's no legal tender anymore. bitcoin
"You need a new kidney or you're going to die within two weeks, the cost of this surgery is $30.000; Do you want to pay in installments with a %15 p.a yield?"
You don't always have much of a "choice", do you?
It's not quite the same situation. Who fucked up to need a loan? I never thought that one day I would 'defend' the IMF! I think my point is clear. We're all saints and devils in certain situations!
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Who fucked up to need a loan?
Alex Gladstein wrote a book about that:
The IMF and World Bank were created to help countries survive financial crises and to help them develop into prosperous economic actors. But their 75-year track record shows that their loans and structural adjustment policies have plunged poor countries into impossibly large debt traps and forced the Third World to focus on producing goods for consumption in the West, instead of growing consumption and industry at home. The Bank and the Fund’s “development and assistance” has been anything but. The reality is a history of neocolonial exploitation with shocking results.
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I understand that and the IMF and others are also devils causing perverse situations. I'll just say this one more time, who asked for and accepted the terms of the loans?
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The loans are structured to enslave the nations that take them.
The current government of El Salvador did not enter the debt contracts which have forced the current El Salvador government to accept the terms imposed by the IMF.
The IMF is a major organ of the Fiat Debt Slavery Bankers Cartel.
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The current government of El Salvador did not enter the debt contracts which have forced the current El Salvador government to accept the terms imposed by the IMF.
But it was a previous government, right?
The IMF is a major organ of the Fiat Debt Slavery Bankers Cartel.
Yes, and governments continue to go there. It's the people who pay for the governments' incompetence. Fiat currencies are backed by this!
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The fiat debt slavery bankers have no respect for governments and trap them and their peoples in debt slavery.
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the governments have no respect for people. people have not respect from them selfs!
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We are the government and the people get the government they deserve.
I hear you.
Loans are a feature of fiat.
If you embrace the Bitcoin way, don't scream when the fiat overlords don't want to lend you money, so that you can perform a speculative attack on the very fiat system you want to benefit from.
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I remember a few years ago when Portugal needed a loan from the troika, I think it was €72B, everyone blamed the troika for the cuts the government was forced to make in order to get the loan. Not me, I blamed the government, which was one of the main culprits in putting us in this situation.
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