The IMF’s $1.4 Billion Shackle
The recent $1.4 billion Extended Fund Facility (EFF) agreement between the International Monetary Fund (IMF) and El Salvador marks a significant turning point in the nation's economic and monetary policy. The IMF’s $1.4 billion “lifeline” is a sly Trojan horse, gutting El Salvador’s sovereignty and kneecapping its 2021 Bitcoin law— which represented a bold step toward monetary freedom and economic self-determination— all to prop up the same economic mess it pretends to fix. Brilliant, right?
The Flaws of the Lummis Bitcoin Act.
Have you read and carefully analysed the Lummis Bitcoin Act of 2024? I have, and I must explain why this bill is not only philosophically misguided but also practically preposterous. Furthermore, I will shed light on who is funding Senator Cynthia Lummis and the potential conflicts of interest behind this legislation.