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.
In his 1956 book "The Power Elite," New Left sociologist C. Wright Mills detailed how decision-making in the United States is not democratic; it is determined by (1) Wall Street capitalists and large corporations, (2) the Pentagon and military-industrial complex, and (3) the corrupt political class.
This is PART 8 of the Empire and the Deep State series Multipolarista editor Ben Norton is co-hosting with historian Aaron Good and producer Seamus McGuinness of the American Exception podcast.
Check out past episodes in the series here: https://youtube.com/playlist?list=PLDAi0NdlN8hNArLl765PXe8tsTKmOciGL
You can support American Exception at https://patreon.com/americanexception
American Exception channel: https://youtube.com/channel/UCOEHHwEXH8a86-CmcYbzkWQ
|| Multipolarista ||
Please support Multipolarista at https://multipolarista.com/support
Patreon: https://www.patreon.com/multipolarista
Podcast: https://soundcloud.com/multipolarista
Telegram: https://t.me/multipolarista
...
https://www.youtube.com/watch?v=1PGah9yfulw
Lula da Silva has returned as Brazil's president. This will cause a major geopolitical shift. Meanwhile, far-right leader Jair Bolsonaro fled to Florida, fearing legal consequences for his corruption.
Brazil-based journalist Brian Mier joins to discuss what a third Lula government means for Latin America and the world.
Follow Brian at https://twitter.com/BrianMteleSUR
|| Multipolarista ||
Please support Multipolarista at https://multipolarista.com/support
Website: https://Multipolarista.com
Patreon: https://patreon.com/multipolarista
Podcast: https://soundcloud.com/multipolarista
Telegram: https://t.me/multipolarista
...
https://www.youtube.com/watch?v=CQq1kTubYQQ
Brazil-based journalist Brian Mier discusses the importance of Lula da Silva's victory in Brazil's October 30 presidential election against far-right incumbent Jair Bolsonaro. Lula has vowed to strengthen Latin American regional integration and expand the BRICS system, while fighting poverty and hunger at home.
Follow Brian at https://twitter.com/BrianMteleSUR
Check out Brasil Wire at https://brasilwire.com
|| Multipolarista ||
Please support Multipolarista at https://multipolarista.com/support
Patreon: https://www.patreon.com/multipolarista
Podcast: https://soundcloud.com/multipolarista
Telegram: https://t.me/multipolarista
...
https://www.youtube.com/watch?v=HuDWw5l-yoU
Washington claimed it would "save" Ecuador from Chinese loans while trapping the country in much bigger debt.
(This video was originally published on October 20, 2021.)
|| Multipolarista ||
Please support Multipolarista at https://multipolarista.com/support
Patreon: https://www.patreon.com/multipolarista
Podcast: https://soundcloud.com/multipolarista
Telegram: https://t.me/multipolarista
...
https://www.youtube.com/watch?v=GjEnP6yfkfY
CNN echoed a blatant lie from the Department of Homeland Security, falsely claiming it does not monitor Americans. In reality, DHS has for years spied on US journalists and protesters.
Read more here: https://multipolarista.com/2022/05/03/cnn-ny-times-dhs-spying-americans
|| Multipolarista ||
Support Multipolarista: https://multipolarista.com/support
Rokfin: https://rokfin.com/multipolarista
Rumble: https://rumble.com/multipolarista
Telegram: https://t.me/benjaminnorton
...
https://www.youtube.com/watch?v=EwzKPdwwpBU
The US military "investigated" itself for massacring a family in a drone strike on the way out of Afghanistan... and what a coincidence, it decided it is innocent!
(This video was originally published on November 18, 2021.)
|| Multipolarista ||
Support Multipolarista: https://multipolarista.com/support
Rokfin: https://rokfin.com/multipolarista
Rumble: https://rumble.com/multipolarista
Telegram: https://t.me/benjaminnorton
...
https://www.youtube.com/watch?v=kUPLzjsklHw
The foreign ministers of the US, Germany, and Ukraine told the world at the Munich Security Conference, “Neutrality is not an option” in the West’s proxy war against Russia, implicitly criticizing the vast majority of Global South countries, which are independent.
Sources and more information here: https://geopoliticaleconomy.com/2023/02/20/west-global-south-neutral-ukraine
German foreign minister: ‘We are fighting a war against Russia’: https://geopoliticaleconomy.com/2023/01/26/german-foreign-minister-baerbock-war-russia
87% of world doesn’t support West’s new cold war on Russia: https://geopoliticaleconomy.com/2022/09/21/global-south-west-cold-war-russia
|| Geopolitical Economy Report ||
Please consider supporting us at https://GeopoliticalEconomy.com/Support
Patreon: https://Patreon.com/GeopoliticalEconomy
Podcast: https://Soundcloud.com/GeopoliticalEconomy
Newsletter: https://GeopoliticalEconomy.Substack.com
...
https://www.youtube.com/watch?v=UXjDazqxAPo
A decade of proxy war and illegal US and EU sanctions have devastated Syria, and blocked some humanitarian aid after a crushing earthquake killed thousands of people. To save face, Washington agreed to a temporary suspension, but UN experts have demanded a permanent end to the “suffocating” sanctions, saying they “may amount to crimes against humanity”.
Sources and more information here: https://geopoliticaleconomy.com/2023/02/09/us-sanctions-aid-syria-earthquake
UN expert: ‘Outrageous’ Western sanctions are ‘suffocating’ Syria, may be crimes against humanity: https://geopoliticaleconomy.com/2022/11/12/un-expert-western-sanctions-syria
|| Geopolitical Economy Report ||
Please consider supporting us at https://GeopoliticalEconomy.com/Support
Patreon: https://Patreon.com/GeopoliticalEconomy
Podcast: https://Soundcloud.com/GeopoliticalEconomy
Newsletter: https://GeopoliticalEconomy.Substack.com
...
https://www.youtube.com/watch?v=mtiNw3PxRyY
The world economy is structured in an unjust way in which the West drains the wealth of the Global South. Ben Norton discusses the economics of imperialism, and how China has tried to reverse it.
China is ‘world’s sole manufacturing superpower’, with 35% of global output: https://geopoliticaleconomy.com/2024/01/31/china-world-manufacturing-superpower-production
|| Geopolitical Economy Report ||
Please consider supporting us at https://GeopoliticalEconomy.com/Support
Patreon: https://Patreon.com/GeopoliticalEconomy
Podcast: https://Soundcloud.com/GeopoliticalEconomy
Newsletter: https://GeopoliticalEconomy.Substack.com
...
https://www.youtube.com/watch?v=PlAN5-Lk0hw