Okay one more :-).

 

I get tired of the doom and gloom too but somebody has to tell ya so you're not shocked when the time comes and we've been commissioned to do so etc. so... :-).

‘The IMF is evil’: Rich countries take aim at nations adopting crypto

"Central banks try to block attempts by poor countries to use digital currency to upend monetary norms."

(The world financial system is being uprooted right in front of your eyes.)

"When Argentina’s central bank issued a de facto ban on trading digital assets, enraged cryptocurrency investors quickly fingered a culprit: As part of a bailout negotiation with the International Monetary Fund, the South American nation had recently promised to crack down on cryptocurrencies."

(The IMF might as well be the mob, well give you what you need but you do what we want, which is basically more indebtedness)

"As Western investors and developing world leaders pursue new initiatives that encourage countries to adopt Bitcoin as an official currency — and the Central African Republic joins El Salvador in doing so — the stewards of the global financial system are increasingly pushing back."

"At stake is whether the issuance and flow of money will be dominated by the central banks of the developed world or the rules coded into a new kind of software program invented 13 years ago."

"Officials from the U.S., IMF, World Bank and the Bank for International Settlements argue that by adopting cryptocurrencies, nations could facilitate money laundering and undermine capital controls, while exposing their citizens to severe price volatility.'

Let me ask you something? Why wouldn't they wanna preserve the status quo? They're the ones getting rich off of it.)

'Activists and investors who support such experiments argue that cryptocurrencies like Bitcoin offer an escape from rapidly inflating currencies in places like Argentina and Nigeria, while allowing poor countries to explore alternatives to a global financial framework that was designed to benefit rich countries."

(Yup)

"They contend that the reservations of the world’s monetary stewards have less to do with protecting the well-being of citizens of the developing world than with preserving a system in which the central banks and governments of rich countries dominate the global monetary system.

“Bitcoin stands against everything the IMF stands for,” said Alex Gladstein, chief strategy officer of the Human Rights Foundation, an NGO that supports Bitcoin adoption. “It’s an outside money that’s beyond the control of these alphabet soup organizations.”

"The IMF, whose work on cryptocurrency includes recent consultations with India on that country’s forthcoming policy framework, has called for a coordinated international government response to the rise of cryptocurrency. Though the fund has discouraged the use of a crypto network like Bitcoin as a currency, it has encouraged national central banks to explore the use of Bitcoin’s underlying blockchain technology for digital upgrades to their own sovereign currencies. A transition to central bank digital currencies, knowns as CBDCs, would be less disruptive to existing monetary arrangements than the changes sought by cryptocurrency backers."

"In March, IMF deputy managing director Gita Gopinath, previously the fund’s chief economist, told the Financial Times that Western sanctions imposed in response to Russia’s invasion of Ukraine would likely lead to wider adoption of cryptocurrency as actors around the world sought alternatives to the established financial system."

(I've been saying, Ukraine isn't about Ukraine, its about changing the "global financial framework" and a big part of that is the US $ loosing it's role as the reserve currency of the worlds central banks.)

IMF

Think of it as a Global Check cashing facility. Once you start taking their $? Good luck ever not borrowing more.

That advisor to XI was absolutely right. Our sanctions have backfired, rising prices/inflation as well as driving poor countries to look for alternatives to the world financial system.

Hope your soul is ready, I really do. You gonna still praise God when you loose everything? Are you? People might wanna revisit the book of Job at this point.

Godspeed everybody.

I love you honey.