Bitcoin, a 30,000ft View with Jeff Booth & Alex Gladstein - WBD751

Jeff Booth is the Author of The Price of Tomorrow & General
Partner at Ego Death Capital and Alex Gladstein is Chief Strategy
Officer at the Human Rights Foundation. In this interview, we
discuss the devastating effects of currency devaluation, the
systemic issues of exploitation, debt, and inequality, and the
potential of Bitcoin to provide economic hope and empowerment.


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In mid-November, the Malawian government announced a sharp
devaluation of its currency, which resulted in instant price
increases for commodities such as fuel and electricity of 40%.
This has devastating effects on people already struggling to make
ends meet. To add further insult, there is a serious lack of
transparency in the process. The injustice of the situation is
glaring, with no one held accountable for the harm caused by the
devaluation.


Our conversation touched on the hidden nature of modern-day
slavery disguised as economics. We highlighted how the West's
living standards are based on stealing resources and exploiting
cheap labour from countries like Malawi. The International
Monetary Fund (IMF) plays a role in ensuring cheap goods for the
West, but their public statements focus on stabilising the world
and reducing poverty.


We also discussed the issue of wages in sub-Saharan African
countries, which have not recovered from their peak in the 1970s.
The impact of debt and interest payments on these countries'
budgets is ruinous, with a significant percentage of their annual
budget going towards paying off debt. The entire global economic
system is based on theft, and the uncomfortable truth is that the
rate of theft influences economic conditions in the West.


Bitcoin, as a decentralised system, reveals the truth about what
is happening in the world. Bitcoin allows individuals to protect
themselves from devaluation and move into a system that doesn't
constantly steal their wages. We were fortunate to see how
Bitcoin can bring positive change to countries like Malawi, where
Bitcoin mining is enabling a remote village to utilise hydro
energy to power the village and generate income.


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Show
notes: https://www.whatbitcoindid.com/podcast/bitcoin-a-30000ft-view


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