BTC107: The REAL impact of the IMF and World Bank w/ Alex Gladstein & Sam Callahan

[@scottnovitsky9253]

In the book "The Creature from Jykell Island " Edward Griffin describes the fleecing of these countries, but Alex expands on it. In Griffin's book he explains that the banks only want to interest payments flowing in, they don't ever want loans to be paid back.

[@NappyWayz]

Confessions of the Economic Hitman by Robert Perkins tells this story as well.

[@Alexdegreit]

Amazing podcast! This is a must-see video, especially, for people in developing countries. We have to end the world bank, the IMF, AND ALL CENTRAL BANKS.

[@boq81]

Amen.

[@raybrubacher769]

Preston is the best and most based bitcoin podcast. While its terrible what has been done to the 3rd world, its also happening to us in western countries in some ways. I live in an intensively farmed area of south west Ontario, and its long bothered me that a lot of farms here only produce 2 or 3 different products or crops. The shrimp in Bangladesh story is actually happening here where some farmers grow only 3 crops and are so reliant on those fiat crops and would have a very hard time to pivot into something more meaningful! Hard to describe in a nutshell, but hearing the shrimp story really resonated with the concerns I've long had with the economy here, especially the food production!

[@xanditam93]

It’s like they’re removing the power from our agri/land

[@NappyWayz]

Alex is telling the story of the Confessions of the Economic Hitman. Plus, the documentary Life and Debt, from 2001, it is about the World Bank and IMF effects on Jamaica over 25 years.

[@habibacosmatic2364]

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[@maxwellsmart6250]

John Perkins, Author of Confessions of an Economic Hit Man, was Chief Economist at a major international consulting firm, advised the World Bank, United Nations, IMF, U.S. Treasury Department, Fortune 500 corporations, and countries in Africa, Asia, Latin America, and the Middle East.

[@EveryDayWalkingWithChrist]

Thanks guys! Great episode Preston as usual!

[@whaleinvesting3612]

Alex does a phenomenal job of making the case for Bitcoin from a different perspective than NGU. Human rights and self sovereignty in a functional market economy seem like values a lot of both Bitcoiners and people advocating for "goodness" can agree on.

[@habibacosmatic2364]

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[@waynerichardson1051]

Thanks Preston, love your podcasts mate, they're excellent! Your hosting and questions are second to none, your guests are next level smart human beings! Really appreciate what you're doing for us, Cheers

[@aaronsterlind6334]

It's ironic this came out today, I was literally saying these same things to my brother today while we where getting firewood, telling him about the horrors of the IMF and World Bank. I started in on the World Bank and IMF 25 years ago. Great show, Great Work, Keep it up.

[@habibacosmatic2364]

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[@idxerr]

I have never felt so guilty; I am squandering a life built on the blood of so many. A fact I have always known, but only vaguely, as shadows & outlines. This makes it precise; crisp; crystal clear. Somehow, I simultaneously feel inspired. A calling; I am filled with… determination. Is this the elusive purpose I have long sought and never found? A compelling mission rises from within: To orange pill every one of the couple hundred people I have known throughout my life. Thank you for this podcast.

[@f4zn0m97]

“All animals are equal, but some animals are more equal than others", reminds me of George Orwell's Animal Farm

[@orhanmekic9292]

Just read the article. It is truly eye opening! This needs to be made in to a book an translated to all the languages!

[@IntuitiveIQ]

So what happens when this bubble bursts? Will it happen all at once? Or is it happening country by country as we are seeing with Turkey and Sri Lanka? Please describe how this plays out, and when, if nothing is done to stop this?

[@habibacosmatic2364]

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[@spotspans118]

Amazing content and guests as usual. Great stuff!

[@habibacosmatic2364]

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[@alvarocasisvideos]

Thank you Preston! I’m new subscriber to your channel, this is eye opening for me. This information is going to help to bring more justice and equality eventually to third world countries, great job!

[@habibacosmatic2364]

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[@Kaodusanya]

Ill be honest this is extremely common knowledge as someone from africa and its hilarious that you guys are treating it as something revolutionary. Oil is also exported, refined somewhere else and then sold back to nigeria its insane.

[@haplon33]

they dont teach much history in the USA, especially economic history. mostly just glorification of military-based-solutions

[@derp.2898]

Yelling first is counterintuitive to helping the issue...a critical mass of people knowing and expressing disdain, and a will to change it via adoption of alternatives is the key. I think most people can intuit the corruption here.

[@Kaodusanya]

@@derp.2898 that’s true but I don’t think people in America knowing will ever help anything because it doesn’t affect them directly. All you get are platitudes only thing that really fixes it is bitcoin a sovereign asset that can’t be stolen or manipulated by 1st world countries

[@derp.2898]

@Kehinde O yes i agree, and in part you said it. BTC adoption. US will follow but will come after more pain. I think seeing the widespread pain of the world bank / IMF is a great start

[@Reotha]

My guy🤣

[@bitcoinpoemspro1406]

Excellent. Thanks for your research and sharing.

[@habibacosmatic2364]

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[@e350mn]

Damn. I learned so much. Thanks guys!!

[@anandchudavala]

The word loan shark comes to mind.

[@slayerment]

And organized crime

[@thebitcoinalchemist3877]

Really awesome. So insightful and educational. Loved it. TY men. TY. So important. Loved the end comment "We need to pay respect to all the people who were impacted". Spot the f on!!

[@habibacosmatic2364]

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[@SpringismySeason]

Damn, I am speechless. Had no idea this was happening.

[@Reotha]

To be fair even Fiaters of these developing countries who believe in sovereignty and control of theirown resources have written about what the IMF and World bank have done over the years and the double standards of the West when giving away "aid", this information is not new, i know this because im an African and have spoken to dozens of fiat economists and politicians. Their only problem is that they believe government with centralised policies and centralised money can fix things,which by now know that it can't be achieved... i do appreciate Alex's work though on spending his time researching and sharing this valuable information to the bitcoin community.

[@betterdays7613]

Thanks for hosting this deep analysis and research on world domination. All roads lead to Bitcoin. I look forward to Alex's Book.

[@habibacosmatic2364]

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[@axelhoogland9442]

This sounds identical to the belt and road initiative by China. It seems like the IMF is just mad that China read their playbook

[@haplon33]

speaking of, the world bank + imf hold more of sri lanka's debt than china, but who do we hear about most in our lovely darling media?

[@sthurmo]

Read 'Confessions of an Economic Hitman' by John Perkins if you haven't. All about this topic and a fantastic, and infuriating, read.

[@JoseJimenez-eg9pb]

Excellent episode.

[@cnigriffon]

A clarifying detail here when Alex says that "academia has a monopoly over research papers". What he really means to say is research papers are pay-walled by the publishing houses (i.e., Elsevier, Springer) and not at all by the academics nor the institutions under which they conduct their research. Academic publishers are arbitrarily gatekeepers of knowledge that generate ridiculous profits precisely because they charge academics to publish work, charge readers for a subscription, and pay none of the costs of the research nor the peer review process. Thus, SciHub was born to wrest control of knowledge from parasitic business practices that hinder the spread of knowledge.

[@habibacosmatic2364]

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[@setantii4650]

Very interesting interview and article. Just as a note, we don't have free healthcare here in the UK! It's free at point of use, but we pay out of our tax bill.

[@habibacosmatic2364]

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[@23skido]

Appreciate the show and Alex bringing this world condition to the new Bitcoiners. Have to say though, at 54 and a background the moved in and out of tge radical’left’ ( Anarchist, anti war folks…) this awareness of the role of the IMF , debt, and tge breaking of the ‘ thirld world countries, was a very common view in these radical circles in the 80’s, 90’s. Interesting! Full circle again! Thanks again for reminding a new wave of awakening peeps to this insidious coercion.🙏

[@23skido]

Chomsky definitely talked a lot about all this. Another great reason talk about local voluntary systems of self governance.

[@NA-lp2re]

Alex Gladstein is the only Bitcoiner that would be suitable for Joe Rogans podcast.

[@habibacosmatic2364]

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[@tonequin4562]

1:18 into podcast. El Salvador and IMF history! There is so much there! That alone is a podcast! I think, I may have heard president Bukkale may have paid IMF loan off.

[@kevintsilvers]

The Creature from Jekyll Island lays out this thuggish behavior also. We have become the same as the Country we left.

[@stanleynnaemekaorajiaka8109]

Please I need an answer on this Preston. Lest say a stock P/E ratio is negative eg. -5 or -1.5 what does it mean or say about your investment. Thanks Anyone also who has a good knowledge of valuing a business can answer thanks.

[@habibacosmatic2364]

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[@tonequin4562]

Let’s not forget “Nike” is also in El Salvador!

[@habibacosmatic2364]

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[@LiborTinka]

My post-communist country (Czech Republic) kept taking more and more debt the whole decade despite growing economy (!) - the debt was just copying GDP. Now they borrow just to keep the state operating. It's just like the addiction (addictus = slave) of the gambler who will take just one big loan and win the money back to pay everything up this time. I was perplexed why are people okay with being forcefully indebted - and why it's not even discussed in the news. Apparently people just want to keep their comfortable jobs and the party going. It's like pointing on the smoking chimneys of Auschwitz while people conveniently look away... I no longer want to live in EU nor US - the growing pressure on business to be subsidized, regulated... I want to use only BTC or local currency. I knew the state and money was f****d up but I didn't know it's THAT bad.

[@c.p.1090]

Alex. Your thoughts on population explosion in poorer countries. More than 10 times in last hundred years

[@boq81]

Economic hitmen ...

[@habibacosmatic2364]

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[@normalperson7204]

If the IMF was headquartered in Utah, they would be called Gadianton Robbers! LOL

[@habibacosmatic2364]

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[@S54VR6]

Should also read Confessions of an Economic Hitman

[@habibacosmatic2364]

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[@tonequin4562]

Lots of growth in El Salvador

[@habibacosmatic2364]

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[@haplon33]

Confessions of an Economic Hit Man & The Shock Doctrine paints a pretty accurate picture👿💀🤑 sci-hub sounds like a wonderful project. reminds me of aaron schwartz. rip.

[@habibacosmatic2364]

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[@thestonemaster81]

wow

[@habibacosmatic2364]

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[@tonequin4562]

China and the El Salvador just announced Chinese investment in El Salvador

[@habibacosmatic2364]

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[@c.p.1090]

Alex. Not one word on root cause population explosion versus control by China that allowed it to prosper

[@sethbracken]

Preston going full boomer on us. Too much Buffet! Lol.

[@habibacosmatic2364]

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[@FiretigerEGP]

The funniest thing is any 8 year old egypyptian knows this

[@habibacosmatic2364]

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[@creeptokid6733]

Great talk! Nothing new for me really, but provides a very coherent and clear picture of the IMF/World Bank and enslaved nations abusive relationship. 💪

[@dingfeldersmurfalot4560]

Yeah, it's actually kind of disturbing to me that this is not old news to most people, but though I've been in on the game for many decades, whenever I would try to talk about it to people, they would basically act as if I were a conspiracy theorist or great big downer ... and not a few would say basically who cares who's suffering, as long as it's not me. So even when discussion of such things wasn't stifled by others and the information was freely available, people often tried to stifle it between each other. It can be pretty unnerving to think what the world is like, and most people don't want uncomfortable truths; they just want to have a nice day.

[@swaaalla]

I just came here to see Sam Callahan saying nothing all episode.

[@habibacosmatic2364]

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[@c.p.1090]

Most of these explosives population growth then occupy free water bodies prone to flash floods.

[@brendanmccarthy4618]

Did A.G. say anything we didn't know all ready. This smells like a virtue tour after Max called him out. This was a waste of my time.

[@habibacosmatic2364]

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[@5280ryan]

Alex is an 11.

[@habibacosmatic2364]

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[@Brandon-yr9jb]

Sam wearing more makeup than RuPual

[@blah329]

China hasnt copied anything. They are a different culture and history. They want to build trade relationsips based on mutual respect, the western model is based on racism.