Is the IMF Bad for developing countries?

Episode 077

The IMF and the World Bank have been around since 1945. The goal of the IMF is “The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being.” Are these goal and policies helpful to the countries receiving them? Research shows that it might not be helpful.

Let’s discuss both this and a possible solution.

News and Links

France Will Spend 100 Billion Euros on Rescue Plan

Portugal Will Begin 28% Capital Gains Taxes

Bitcoin Mining is Cool .. Again

Running Bitcoin Mining on Biogas

UK Unemployment Falls to 3.5%

Fair Value Accounting for Crypto!!!!

Ghana Hits Record Inflation

Argentina Will Hit 100% Inflation by Year End

October 16, 2022 Weekly Close (USD)

BTC – 19,268.09

ETH – 1,306.30

ADA – 0.370281

 

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I can be reached by email at mcintosh@genwealthcrypto.com and on twitter at @McIntoshFinTech. My mastodon handle is @mcintosh@podcastindex.social. Looking forward to hearing from you!

Website

https://genwealthcrypto.com

Music Credits

Rock Guitar Intro 07 by TaigaSoundProd

Link: https://filmmusic.io/song/8342-rock-guitar-intro-07

License: https://filmmusic.io/standard-license

Funky Life by WinnieTheMoog

Link: https://filmmusic.io/song/6040-funky-life

License: https://filmmusic.io/standard-license

Transcription

Hey, sat stackers. It’s October the 10th and this is episode 77 of Generational Wealth of Cryptocurrency. I’m your host, MacIntosh. Today we’re going to talk about are reversible transactions a good idea?

 

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