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0 sats \ 0 replies \ @Solomonsatoshi 18h \ on: IMF and El Salvador bitcoin
What we do not know is the status of the El Salvador governments existing debt with the IMF.
My understanding is that the IMF uses debt slavery to capture and control the sovereign governments of the world in order to force policies which suit the USA and its allies.
This involves offering a country funding (debt) with all the regular strings attached- the country becomes mired in debt and thus the IMF can impose whatever it wants- Do we know the extent of El Salvadors debt to the IMF prior to Bukele coming to power?
Do we know the conditions of that debt?
My position is without knowing the extent of debt leverage/control that the IMF already held over El Salvador we cannot fairly judge Bukele- he may have been forced to make some sort of deal.
I also reject the suggestion that all politicians are shit- they are only shit to the extent that they become owned by various lobbyists and thereby betray the promises they make to voter- ultimately imo voters are in part responsible for the quality of politicians we get and the Libertarian cynicism and outright dismissal of all politicians as shit is a fatalistic and overly simplistic take on reality and only ultimately invites the worse politicians to gain power.
What we need is to be active in politics and to all be the government...because there is no way around the fact that government is a crucial factor in determining the well being and wealth of nations.