Alex Gladstein | Bitcoin Fixes Democracy | Simply Bitcoin IRL
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What Are Bretton Woods Institutions?
Bretton Woods institutions were set up in 1944 by the Allies to keep global trade flowing. The World Bank and its creditors benefit from what's called the double loan, which is when they help a big loan be given out to a country like Brazil or Ghana. It means bailing out dictators for decades with a bigger and bigger debt pile that citizens are always left holding the bag with. They really never personally have to pay it off, even though they skim 20, 30% off the top.
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