DARK TRUTH About Global Debt. Anti-China Scapegoating?

Discover the shocking truth about global debt and the dangerous spiral of the country debt trap in this eye-opening video.
Learn how nations are facing financial ruin. Find out the reasons behind this growing crisis and what can be done to prevent it. Stay informed and understand the impact of the country debt trap on the global economy. Jayati Ghosh dives into real-world examples of countries who fell into debt trap, such as Greece, Venezuela, Mexico and Argentina to provide context and depth to the issue.

The pattern is clear from three previous debt waves: the Latin American debt crisis of the 1980s, Asian financial crisis of the 1990s, and the global financial crisis triggered by the 2007 US subprime crisis. According to the International Monetary Fund, debt is at the highest level in decades. With high interest rates and a global economic slowdown, 60 percent of low-income countries are either already in debt distress or at high risk of debt distress.
China is conveniently blamed for debt trap forgetting that 'debt crisis' phenomena occurred before the rise of China.

I will be uploading another video on Food Security. Again you will notice how China is squarely blamed to avoid conversations on the real fundamental reasons behind both debt and food security crisis in our short modern history.

0:00 Broad View of Debt Types and its Structure
2:00 Causes of Debt Management Problems?
3:28 Impact of Fiscal Expansion by Developed Country
4:40 Inflation
5:29 Profiteering and Speculation in Commodity Market
6:24 IMF Demands for Austerity Drive
6:55 Impact of Sudden Hike in Interest Rate to Developing countries
7:21 How Currency Value Depreciates in Developing countries
8:00 Other types of Debt
8:40 Sri Lanka Debt Crisis
9:14 Bond Debt Trap
10:05 How does Bond work and how is it destructive?
11:03 How was China trapped to be Scapegoat for SL legacy debt traps?
13:40 How and Why is Commodity Speculative Trading destructive to Developing Countries?
18:43 De Dollarization?
23:18 Is Economic Creativity Dead?

Jayati Ghosh talked about Debt traps in podcast published in 2023.
She taught Economics at Jawaharlal Nehru University and is Professor of Economics at the University of Massachusetts since 2021. In 2021 the United Nations named her to be on the High-level Advisory Board on Economic and Social Affairs. She actively continues to publish book, journals, researches, articles and other medias on socio-economic topics.