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Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones episode artwork

EPISODE · Oct 10, 2023 · 59 MIN

Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones

from Geopolitical Economy Report · host Ben Norton

All the debt in the world is three-and-a-half times the size of the global economy: 349% of GDP, or $37,500 per person on Earth. It is unpayable. But poor countries are forced to pay high interest rates to rich bondholders on Wall Street, while Western vulture funds profit. Journalist Ben Norton analyzes the deeply unequal international financial system. VIDEO: https://youtube.com/watch?v=WRkhWQ0sRn4 Watch the first part here - "A huge debt crisis is coming": https://youtube.com/watch?v=Ib3QOBbQR2g

What this episode covers

All the debt in the world is three-and-a-half times the size of the global economy: 349% of GDP, or $37,500 per person on Earth. It is unpayable. But poor countries are forced to pay high interest rates to rich bondholders on Wall Street, while Western vulture funds profit. Journalist Ben Norton analyzes the deeply unequal international financial system. VIDEO: https://youtube.com/watch?v=WRkhWQ0sRn4 Watch the first part here - "A huge debt crisis is coming": https://youtube.com/watch?v=Ib3QOBbQR2g

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Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones

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How long is this episode of Geopolitical Economy Report?

This episode is 59 minutes long.

When was this Geopolitical Economy Report episode published?

This episode was published on October 10, 2023.

What is this episode about?

All the debt in the world is three-and-a-half times the size of the global economy: 349% of GDP, or $37,500 per person on Earth. It is unpayable. But poor countries are forced to pay high interest rates to rich bondholders on Wall Street, while...

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