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

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

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:    • A huge debt crisis is coming  

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