"The “generosity” of the West enabled unaccountable leaders to plunge their nations into debt deeper than ever before. The system was, as Payer writes in “Lent And Lost,” a straightforward Ponzi scheme: the new loans went straight to paying for the old loans. The system needed to grow to avoid collapse." - Alex Gladstein WERE BACK! We've got a bit of a lengthy introduction today while I mostly apologize and ramble about why I missed more than a weeks worth of episodes, but we are getting back into it with a huge backlog of amazing reads I have been eager to dive into over the holidays! To start us off we are going to conclude the incredible novel, I mean article, by Alex Gladstein on the IMF and World Bank's exploitation of the third world. We are jumping right into the middle of it, so don't forget to listen to Part 1, 2, & 3 if you haven't yet, otherwise this will be confusing, lol: Part 1: https://fountain.fm/episode/11987932208 Part 2: https://fountain.fm/episode/12038350484 Part 3: https://fountain.fm/episode/12147135095 To explore the ColdCard hardware wallet and the many amazing additional features and uses it has I highly recommend BTCsessions youtube channel here: Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington's "Capital Strip Mine": https://fountain.fm/episode/1798299217 Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- "I, However place economy among the first and most important of virtues, and public debt as the greatest of the dangers to be feared." – Thomas Jefferson Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"To give an example of what this might look like in a given year, in 2012 developing countries received $1.3 trillion, including all income, aid and investment. But that same year, more than $3.3 trillion flowed out. In other words, according to anthropologist Jason Hickel, “developing countries sent $2 trillion more to the rest of the world than they received.” When all the flows were added up from 1960 to 2017, a grim truth emerged: $62 trillion was drained out of the developing world" - Alex Gladstein Today we continue through Gladstein's incredible exploration of the monetary damage and systems of monetary colonialism established through the parasitic practices of the IMF and World Bank. I promise its worse than you think it is, and at the end of this episode we will only be about halfway through it. Hold onto your butts, this gets crazy. Listen to Part 1 if you haven't yet, as we are jumping right into the middle of this read in today's show. Also I edited and fixed the missing Guy's Take from yesterday's show, so if you haven't, it might be a good addition to go back and revisit: https://fountain.fm/episode/11987932208 Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington's "Capital Strip Mine": https://fountain.fm/episode/1798299217 Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- “It's easier to fool people than to convince them that they have been fooled.” ― Mark Twain Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message