IMF Bail or BCH Which one is best?
Hello to all Beautiful Read Dot Cash Family! How are you?
First of all, thanks to all friends who are participating in my Flood Fund Raising Compagin. If still you had not participated in this sympathy-full and peaceful call for saving humanity, then I shall request you please must participate in it. I have written a detailed article about it, here is its link,"Donate For Humanity, more than half of Pakistan is in Flood"
Now come on today's article because yesterday IMF has approved Pakistani Bail-out Package. Nation of Pakistan is celebrating this approvement but I want to discuss its pros and cons here, it will be informative and interactive post for all of you especially for under-developed countries.
This article has neither criticism
nor any propaganda. It has author's
research on the base of
Logics and history.
What is IMF?
IMF stands for International Monetary Fund. This institute is providing loan to those countries who had signed its agreement. Most of the countries who are near in the danger zone of Default applied in this institute for loans. If you want to know about IMF in details then must click here.
Pros of IMF:
Everything has its own pros and cons. This institute had set of agreements that is established by United Nations (Forum which has raised voice for Humanity and protects human rights). There are following pros of IMF.
To Support the Economy of a country that is near to crash
To Provide loans for a country whose infrastructure is near to destruction
To Save a country from Default
To provide a road-map for Economic Structure so that Country getting its bails must raise and make progress
To Ensure a Proper Tax Policies in bail getting Country
Cons of IMF:
It provides bails in dollar not in local currency of that country. It means when local currency will fell down due to high inflation rate dollar price will be raised, it causes great increase in overall loan for a country.
It provides a set of condition that a country must agree. These conditions can be agreement sign for exposure of all the terms signed between a country which is availing Loan and other country which is investing in different projects. It is really harmful for a country which has invested on Loan availing county.
Moreover it indirectly took control over the economy of a country that this country faced by putting extra tax on its nation.
Bitcoincash VS IMF:
Bitcoincash is decentralized digital currency. It is introduced as a fork coin of BTC. All BTC holders got rewards of BCH. BTC after Blockstream is now toy of Whales and Maxamalist, hence most of the utilization in case of usage had been manipulated and is against the Whitepaper of Satoshi's perspective. Hence all Crypto Industry now had better alternative in the form of true bitcoin BCH. Moreover it has better Roadmap than most of the organizations that are harming different countries on the name of Financial Support.
BCH is many times better than IMF because:
It has no third party so there is no need of strict agreement.
Its transaction is fast and cheap.
There is no need of banking system as it needed in case of dollar.
If a country takes loan in the form of BCH, then it will pay it in dollar easily.
It has very volatile nature. It means if a country took loan when price of BCH is 250$ and returned when BCH was 600$, there will be extra profit to the country and it will pay 250$ only.
Dollar has limited use because local market of any county accepts local currency not dollar. Hence this barrier is broken by BCH. A single decentralized wallet can be game changer. Both persons needed a decentralized Wallets that is easily available on google play store and within seconds transaction will happened.
It had no need of signed cheque just you have to transfer money through QR code or Private keys.
It is cash for everyone. There is no need of poor or no need of rich.
Closing Thoughts:
I shall recommend to all countries including Pakistan, Afghanistan and Sri Lanka. They should take loans from BCH community to save them from any blackmailing or any strict agreement. I have not seen any country which had made contract with IMF has paid its complete loan and will be best economical model. Hence after utilization of BCH from many years, I am fully satisfied with BCH. You can agree to my all logics I mentioned above. Still we have time because BCH price is at its bottom. Might be a heavy bull run will raised its value to the sky.
Thanks for reading and Supporting me.
About Author:
This is indeed informative article to read, and no matter what I would always choose BCH.