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Episode 161 - The IMF Can Pound Sand
Description
Egypt's currency was unpegged this week as part of a plan to secure eight billion dollars of loans from the IMF/World Bank. Within 48 hours the currency lost about 1/3rd of it's value against the USD. As normal this was all tied into stipulations that the IMF require for this so called "bailout". Let's discuss!
Bitcoin Weekly Close Price
March 10rd, 2024: $69,025
Block Height at Time of Recording
834,131
News and Links
https://www.bloomberg.com/opinion/features/2023-09-12/africa-s-lost-decade-economic-pain-underlies-sub-saharan-coups
https://www.economist.com/middle-east-and-africa/2024/03/07/why-africa-is-cryptos-next-frontier
https://thefederalist.com/2024/03/06/the-uns-green-energy-plan-will-widen-the-energy-gap-keeping-the-worlds-poor-in-squalor/
Music Credits
Protofunk by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4247-protofunk
License: https://filmmusic.io/standard-license
Ethernight Club by Kevin MacLeod
Link: https://filmmusic.io/song/7612-ethernight-club
License: https://filmmusic.io/standard-license