01-16-2022, 03:27 AM
The IMF says "Crypto Could Pose Risks to Countries’ Financial Stability" while the
<!-- SC_OFF --><div class="md"><p>The International Monetary Fund which is known in developing countries for its predatory lending practices has recently released a post about Crypto saying,</p> <blockquote> <p><strong><em>Our analysis suggests that crypto assets are no longer on the fringe of the financial system. Given their relatively high volatility and valuations, their increased comovement could soon pose risks to financial stability especially in countries with widespread crypto adoption.</em></strong></p> </blockquote> <p>While another IMF post said,</p> <blockquote> <p><strong><em>“Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.”</em></strong></p> </blockquote> <p>What an awe-inspiring organization spreading awareness about financial freedom and economic stability and prosperity around the globe right? What can they possibly have against poor countries adopting Cryp-</p> <p>Let's see...</p> <ul> <li><a href="https://www.theguardian.com/commentisfree/2019/aug/27/imf-economics-inequality-trump-ecuador">Intentionally pushing poor countries into recession</a></li> <li><a href="https://www.tru.ca/library/pdf/cavanagh-mander.pdf">Saddling countries with debt beyond what they can handle</a></li> <li><a href="https://www.files.ethz.ch/isn/165818/jamaica-debt-2013-06.pdf">Pursuing debt trap policies</a></li> <li><a href="https://reliefweb.int/report/world/over-80-cent-imf-covid-19-loans-will-push-austerity-poor-countries">Imposing tough economic austerity on developing countries during the Covid-19 pandemic</a></li> <li><a href="https://www.nytimes.com/2022/01/14/business/economy/imf-surcharges.html">Forcing countries to cut healthcare spending during the Covid-19 Pandemic</a></li> <li><a href="https://www.reuters.com/business/finance/imf-sees-legal-economic-issues-with-el-salvador-bitcoin-move-2021-06-10/">Pressuring countries that try to get rid of Fiat</a></li> <li><a href="https://www.cadtm.org/The-World-Bank-and-the-Philippines">Systematically making loans to countries as a means of influencing their policies</a></li> <li><a href="https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp965.pdf">Focusing on geopolitics to give loans instead of economics</a></li> </ul> <p>The reason they are spreading so much bad PR about Crypto is they know that if more countries start adopting Crypto, their debt traps and their inflationary fiat <del>financial system</del> scam is bound to collapse. This organization intentionally has had countries devalue their currencies (so they can't repay loans as easily with their own currency), impose recessions, inflation and induce hardship among the populace.</p> <p><strong>TLDR</strong>: They should be ashamed of posting such bullshit when they are responsible for so much misery around the world. The only thing that does pose a risk to the financial security of countries is the IMF itself, not Crypto</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Many_Scratch2269"> /u/Many_Scratch2269 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s4rl0l/the_imf_says_crypto_could_pose_risks_to_countries/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s4rl0l/the_imf_says_crypto_could_pose_risks_to_countries/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The International Monetary Fund which is known in developing countries for its predatory lending practices has recently released a post about Crypto saying,</p> <blockquote> <p><strong><em>Our analysis suggests that crypto assets are no longer on the fringe of the financial system. Given their relatively high volatility and valuations, their increased comovement could soon pose risks to financial stability especially in countries with widespread crypto adoption.</em></strong></p> </blockquote> <p>While another IMF post said,</p> <blockquote> <p><strong><em>“Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.”</em></strong></p> </blockquote> <p>What an awe-inspiring organization spreading awareness about financial freedom and economic stability and prosperity around the globe right? What can they possibly have against poor countries adopting Cryp-</p> <p>Let's see...</p> <ul> <li><a href="https://www.theguardian.com/commentisfree/2019/aug/27/imf-economics-inequality-trump-ecuador">Intentionally pushing poor countries into recession</a></li> <li><a href="https://www.tru.ca/library/pdf/cavanagh-mander.pdf">Saddling countries with debt beyond what they can handle</a></li> <li><a href="https://www.files.ethz.ch/isn/165818/jamaica-debt-2013-06.pdf">Pursuing debt trap policies</a></li> <li><a href="https://reliefweb.int/report/world/over-80-cent-imf-covid-19-loans-will-push-austerity-poor-countries">Imposing tough economic austerity on developing countries during the Covid-19 pandemic</a></li> <li><a href="https://www.nytimes.com/2022/01/14/business/economy/imf-surcharges.html">Forcing countries to cut healthcare spending during the Covid-19 Pandemic</a></li> <li><a href="https://www.reuters.com/business/finance/imf-sees-legal-economic-issues-with-el-salvador-bitcoin-move-2021-06-10/">Pressuring countries that try to get rid of Fiat</a></li> <li><a href="https://www.cadtm.org/The-World-Bank-and-the-Philippines">Systematically making loans to countries as a means of influencing their policies</a></li> <li><a href="https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp965.pdf">Focusing on geopolitics to give loans instead of economics</a></li> </ul> <p>The reason they are spreading so much bad PR about Crypto is they know that if more countries start adopting Crypto, their debt traps and their inflationary fiat <del>financial system</del> scam is bound to collapse. This organization intentionally has had countries devalue their currencies (so they can't repay loans as easily with their own currency), impose recessions, inflation and induce hardship among the populace.</p> <p><strong>TLDR</strong>: They should be ashamed of posting such bullshit when they are responsible for so much misery around the world. The only thing that does pose a risk to the financial security of countries is the IMF itself, not Crypto</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Many_Scratch2269"> /u/Many_Scratch2269 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s4rl0l/the_imf_says_crypto_could_pose_risks_to_countries/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s4rl0l/the_imf_says_crypto_could_pose_risks_to_countries/">[comments]</a></span>Kind Regards R