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of course they'd say that, why would they want to lose the ability in destroying countries' financial stabilities?
by hyuuu 5y ago
of course they'd say that, why would they want to lose the ability in destroying countries' financial stabilities?
- dragonwriter 5y agoThe IMF tends to have influence in a country only after that country has managed to destroy its own stabilities. (That's not to say that their help doesn't tend to have adverse side effects, just that the IMF isn't generally doing anything to your economy if you have stability around to destroy.)
- aqme28 5y agoI don't know what point you're trying to make. "They're not so bad. They only exploit the desperate."
- dragonwriter 5y ago> I don't know what point you're trying to make. That the description of them destroying stability has a false premise. I mean, how much more explicit could be? If you are looking for a secret ulterior motive, the difficulty is because there isn’t one.
- yongjik 5y agoAre you talking about IMF or Bitcoin? More seriously, that's not what GP meant at all. GP's point is that IMF usually steps in only after a country managed to paint itself into a financial corner - at this point there's no "nice" solution any more, and you're guaranteed to deal with mass unemployment, people losing their life savings, inflation, and so on. Of course the debate is ongoing whether IMF's proposed solutions are actually in the best interest of the countries on the receiving end, but you know, if they don't like the deal these countries can always refuse it.
- me_me_me 5y ago'Loan sharks are not bad people, if you have your own money.'
- f3rnando 5y ago> "The IMF tends to have..." If this were true, that country would have disappeared a long time ago. IMHO
- BoorishBears 5y agoYeah... because being played by random whales and pump and dumps has totally different outcomes. If Bitcoin was actually some country's currency, that country would have imploded by now. Hyperdeflation is just as deadly to an economy as hyperinflation - To the replies about other things affected by those factors: You're kind of making my point. We have countries that built their economies entirely on oil... the ones that diversified seem to be doing just a tad better. BTC is not saving any economies. It might save some individuals which is not nothing, but please let's not pretend the IMF has some kind of conspiracy against BTC to maintain their control...
- gogopuppygogo 5y agoDon't use logic and reason in an emotional argument. Bitcoin is clearly only going up in value and will be the global currency. If you believe this I have tulips to sell you.
- sMarsIntruder 5y agoAnd the pigs are flying
- 0des 5y ago> being played by random whales Definitely don't do Forex, or oil, or any commodities trading really.
- lolinder 5y agoThere's a difference between trading commodities and using a currency whose value behaves like that of a commodity. In the former case you've willingly taken on risk of price fluctuations. In the latter, you're saddled with the risk while trying to conduct normal transactions.
- xxpor 5y agoHmm, it's almost like there's a reason why fiat currencies took off, and the BTC folks are rediscovering that. WRT forex trading, has there been a "random whale" event in say, a top 15 economy, since Black Wednesday?
- deleted 5y ago[deleted]