Read_684 - How the IMF and World Bank Repress Poor Countries, Part 2 [Alex Gladstein]
"To give an example of what this might look like in a given year, in 2012 developing countries received $1.3 trillion, including all income, aid and investment. But that same year, more than $3.3 trillion flowed out. In other words, according to anthropologist Jason Hickel, “developing countries sent $2 trillion more to the rest of the world than they received.”
When all the flows were added up from 1960 to 2017, a grim truth emerged: $62 trillion was drained out of the developing world" - Alex Gladstein
Today we continue through Gladstein's incredible exploration of the monetary damage and systems of monetary colonialism established through the parasitic practices of the IMF and World Bank. I promise its worse than you think it is, and at the end of this episode we will only be about halfway through it. Hold onto your butts, this gets crazy.
Listen to Part 1 if you haven't yet, as we are jumping right into the middle of this read in today's show. Also I edited and fixed the missing Guy's Take from yesterday's show, so if you haven't, it might be a good addition to go back and revisit:
https://fountain.fm/episode/11987932208
Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington's "Capital Strip Mine":
https://fountain.fm/episode/1798299217
Don't forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold)
• The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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“It's easier to fool people than to convince them that they have been fooled.”
― Mark Twain
Learn more about your ad choices. Visit megaphone.fm/adchoices
---
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
When all the flows were added up from 1960 to 2017, a grim truth emerged: $62 trillion was drained out of the developing world" - Alex Gladstein
Today we continue through Gladstein's incredible exploration of the monetary damage and systems of monetary colonialism established through the parasitic practices of the IMF and World Bank. I promise its worse than you think it is, and at the end of this episode we will only be about halfway through it. Hold onto your butts, this gets crazy.
Listen to Part 1 if you haven't yet, as we are jumping right into the middle of this read in today's show. Also I edited and fixed the missing Guy's Take from yesterday's show, so if you haven't, it might be a good addition to go back and revisit:
https://fountain.fm/episode/11987932208
Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington's "Capital Strip Mine":
https://fountain.fm/episode/1798299217
Don't forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold)
• The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
--------------------------------------
“It's easier to fool people than to convince them that they have been fooled.”
― Mark Twain
Learn more about your ad choices. Visit megaphone.fm/adchoices
---
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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