Completely crazy that an unelected supranational entity can force countries to devalue their currency like this. We’re talking about the sudden loss of wage purchasing power for tens of millions of people. But you better do it, or else! 
Discussion
What if there was an alternative supranational entities can not force to debase
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a any thoughts on this since you have connections there?
And in Egypt, a military dictatorship without freedom of speech at all and where cost of living has been rising for decades, many people can barely get food. But they only want them for archeological tourism and resorts and to export some vegetables, don't care about people. Very sad.
It is not a dictatorship. That is what the west calls the countries that try to decide for themselves. Egypt os in bricks now, this is the resson they have been attacked
Sisi is a dictator
Why?
Because he represses all major candidate attempts to run against him with trumped up charges. All elections are rigged and controlled with no free opposition. It’s a military dictatorship.
Ironic that you used the word “Trumped” in that sentence. At least the illusory system in the US makes people feel like they have some control. The whole damn system is broken and so far away from what was originally intended, I don’t see a road back. The rats congregate at centralized power/money…. at all levels, and they will say/do anything to stay there. And the people cheer and stare at their phones.
🤯 insanity
Better buy bitcoin, or else
I fear it doesn’t matter if they are “elected” or not, democracy can become the weapon of the oppressor, as it gives a justification for their existence and actions.
Trying to end this system is like trying to end shitcoins (fiat currencies included). Not only is it impossible, it’s against all tenants of a free market.
Instead of giving energy to end the current system we must give energy to build a different one, and let them compete in the free market.
I already know who the winner will be.
Bitcoin will fail if we all assume it will win
Bitcoin could loose if we never have a free market or fair competition. It’s better than fiat in a fair competition, but fiat doesn’t play fair.
I’m more on the side of letting fiat hang itself than attacking it head on, at least until it’s weaker.
Bitcoin will fail if we assume it will win and do nothing, but I don’t intend to do nothing.
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a how does your husband feel about this?
Even crazier that governments get in bed with them.
Great book, thank you!
Hidden Repression: How the IMF and World Bank Sell Exploitation as Development https://amzn.eu/d/8J5taUa
Maybe their politicians should have managed their economy better?
Their “politician” is a military dictator
“Bitcoin is our peaceful weapon of choice against central bank driven time theft.” — Ross Stevens
https://video.nostr.build/3c7c4c82a0b12b2ee528babde6f0c72a144c1bb9ffa41bf800a82cd61ec85267.mov
Great analogy
Evil is all around us…and the normies are starting to see it.
Wow! Again?
can someone explain what the IMF gains by devaluing a currency?
The IMF is in the top ten most evil organizations to exist.