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

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23 Nov 2023

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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. 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. Watch the first part here - A huge debt crisis is coming: || Geopolitical Economy Report || Please consider supporting us at Patreon: Podcast: Newsletter:

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