So, International Monetary fund demands that El Salvador remove bitcoin as legal tender, otherwise it refuses to give loans to the country.
They are doing so to protect the people, as bitcoin will "bring instability and inflation"
How come a deflationary currency will increase the inflation ? WTF!
they continue, saying that IMF wants to protect the consumers:
Wow!! Fvck the incompetent international monetary fund, they now give advice? Are they any good. They've been here since colonisation and they've done nothing but trap down countries into debt with their pathetic loans. Look at the past and see how incompetent they've been.
If you want examples, Gaddafi, Thomas Sankara and Patrice Lumumba are old names who said no to their policies and did well independently. You can also look at the current Burkina Faso doing well and it's already two plus years saying no to the loans and aid of the IMF. The president of El Salvador has done quite well not to listen to their demands. I do think it's that time the world demands a new financial structure and body and move on from the world bank and IMF.