Is debt crisis coming in Global South, with war, interest rate hikes, overvalued dollar?

Is debt crisis coming in Global South, with war, interest rate hikes, overvalued dollar?

The US-dominated IMF has said a "wave of debt crises" may be coming in the Global South, warning "the worst is yet to come," as the depreciation of most currencies against the dollar and rising interest rates make it hard for countries to service their dollar-denominated debt. Political economist Radhika Desai discusses the imperialist nature of the international financial system, and parallels to the "Third World debt crisis" of the 1980s. VIDEO: https://youtube.com/watch?v=lPTiSi8h8oQ Follow Prof. Desai on Twitter at https://twitter.com/raddesai Read her article on inflation: https://multipolarista.com/2022/11/07/inflation-neoliberal-financialization Geopolitical Economy Research Group: https://geopoliticaleconomy.org Check out the International Manifesto Group: https://internationalmanifesto.org

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Episoder(500)

Americans are NOT wealthy: The truth about the US economy

Americans are NOT wealthy: The truth about the US economy

Many Western economists and media outlets claim that Americans are wealthier than Europeans, but this is not true; it's based on a misunderstanding of the difference between average wealth and median ...

11 Jul 38min

He accidentally revealed the truth about the US strategy for Iran

He accidentally revealed the truth about the US strategy for Iran

What is the US strategy in its war against Iran? Is the Trump administration seriously committed to negotiations to make a deal? JD Vance accidentally exposed the USA's plan, to use the talks to buy t...

6 Jul 28min

This scandal says everything about the West's hypocrisy

This scandal says everything about the West's hypocrisy

The US-based right-wing Chinese billionaire Miles Guo (Guo Wengui), who worked closely with Donald Trump advisor Steve Bannon, was sentenced to 30 years in prison for committing $1 billion of fraud. B...

2 Jul 41min

The real reason US Big Tech corporations fear China

The real reason US Big Tech corporations fear China

US Big Tech corporations are paying influencers to spread anti-China, pro-AI disinformation on social media. Ben Norton explains why Silicon Valley fears Chinese competition and seeks to monopolize ar...

27 Jun 35min

Will Israel sabotage the Iran deal? Will Trump allow it?

Will Israel sabotage the Iran deal? Will Trump allow it?

The USA and Iran are holding negotiations to end the war, but Tehran condemned Washington for violating the agreement, because Israel keeps attacking Lebanon. US Vice President JD Vance appeared to cr...

22 Jun 19min

It's official: Iran won the war, and the US lost. This is how

It's official: Iran won the war, and the US lost. This is how

The US government has signed an agreement to end its war on Iran. It is now widely admitted that Washington lost, and Tehran won. Ben Norton explains why Donald Trump failed, and how this has massive ...

17 Jun 28min

Democracy is dead: Elon Musk becomes world's first TRILLIONAIRE with SpaceX IPO

Democracy is dead: Elon Musk becomes world's first TRILLIONAIRE with SpaceX IPO

Elon Musk has become the world's first trillionaire, with the IPO of his company SpaceX. He is a symbol of how the United States has become an oligarchy, where elections are bought by rich elites and ...

13 Jun 34min

Why countries are dropping the dollar - and buying gold

Why countries are dropping the dollar - and buying gold

Gold has officially overtaken Treasury securities (US government debt) as the top asset held by global central banks, according to a report by the European Central Bank (ECB). Ben Norton explains how ...

8 Jun 20min

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