The Fiat Playbook:

The Fiat Playbook:

1) ‚Fix’ human rights in developing countries that are rich in natural resources through "political intervention".

2) Install a new Western-friendly dictator and lend trillions of dollars with high interest payments (also owed in USD) to build infrastructure. Not schools or hospitals, but mining facilities.

3) Use the mining facilities to extract the natural resources and export them cheaply to developed countries.

4) When the debt burden can no longer be paid due to the high interest payments, the IMF and World Bank come and "help" with even more debt and interest payments including currency devaluations.

4) Extract more natural resources cheaply.

5) Rinse and repeat.

Carl B Menger

Carl B Menger

Bitcoin Chief Hodler Subscribe: https://carlbmenger.substack.com/