morpheus on Nostr: IMF hates #Bitcoin. It was tasked to kill the Gold Standard, centralise the worlds ...
IMF hates #Bitcoin.
It was tasked to kill the Gold Standard, centralise the worlds money into the control of a few and open the way for a rug pull into fiat money.
IMF Recap:
1) Formed in 1945 to help kick the world off the Gold Standard. The new system fixed to USD instead of gold directly. The IMF policed each country's FX rate to USD. If a country fell into strife, it would tie them over, while "strongly encouraging" policy changes. This step centralised monetary control to USA.
2) Once Nixon halted the convertibility of USD to Gold in 1971, the fiat rug pull was complete. Fiat was born and the IMF needed a new job.
3) The IMF then pivoted to debt enslaving developing countries with their fund. They now lend out money to countries in exchange for extractive policy changes that keep them poor
It was tasked to kill the Gold Standard, centralise the worlds money into the control of a few and open the way for a rug pull into fiat money.
IMF Recap:
1) Formed in 1945 to help kick the world off the Gold Standard. The new system fixed to USD instead of gold directly. The IMF policed each country's FX rate to USD. If a country fell into strife, it would tie them over, while "strongly encouraging" policy changes. This step centralised monetary control to USA.
2) Once Nixon halted the convertibility of USD to Gold in 1971, the fiat rug pull was complete. Fiat was born and the IMF needed a new job.
3) The IMF then pivoted to debt enslaving developing countries with their fund. They now lend out money to countries in exchange for extractive policy changes that keep them poor