In the 1980s, Latin America didn't just go broke—it was broken on purpose. What started as an economic boom fueled by cheap loans turned into a nightmare known as "The Lost Decade." But was the IMF really there to help, or were they just debt collectors for Wall Street banks?
In this episode of Financial History Explained, we uncover the dark history of the International Monetary Fund in Latin America. From the Petrodollar trap of the 1970s to the devastating Volcker Shock and the brutal austerity measures that followed, we analyze how sovereign debt became a weapon of control.
We explore the collapse of Mexico, the hyperinflation in Bolivia, and the riots in Argentina, revealing a pattern that has repeated in Asia, Russia, and Europe. Most importantly, we ask: Could the same debt crisis happen to the US and Europe today?
In this documentary, you will learn:
► How the "Petrodollar" system flooded Latin America with dangerous debt.
► The impact of Paul Volcker's interest rate hike on global economies.
► The real reason the IMF bailed out countries (Spoiler: It wasn't for the people).
► The devastating social cost of the "Washington Consensus."
► Why understanding this history is crucial for your financial future.
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Financial History Explained is a documentary channel that makes the complex history of finance and economics simple and accessible.
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DISCLAIMER: The information in this video is for educational and informational purposes only. It is not intended to be and does not constitute financial advice or investment advice. You should not make any financial decisions based on the content of this video.
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