Money For The Rest Of Us

How the International Monetary Fund, the world's economic firefighter, works for global monetary cooperation and prosperity while using its own made-up currency, the SDR.Topics covered include:What was the Bretton Woods monetary system that led to the formation of the IMF and the World BankHow the World Bank and IMF differWhat does the IMF doHow the IMF creates its own money out of thin airWhy does Argentina, the IMF's largest borrower, keep defaulting on its debt obligation including those to the IMFWhy the IMFs negotiating tactics are controversialFor more information on this episode click here.SponsorsAura, the new standard in digital safety PolicygeniusShow NotesCreation of the Bretton Woods System, July 1944—Federal Reserve HistoryThe World BankInternational Monetary FundSterling devalued and the IMF loan—Cabinet Papers, The National ArchiveTotal IMF Credit Outstanding, Movement From November 01, 2022 to November 07, 2022—IMFWhy you can’t technically default on the IMF by Izabella Kaminska—Fina