@gladstein - Exposing The IMF And World Bank. #320
Once Bitten! A Bitcoin Podcast.
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The IMF and World Bank Debt Crisis in the Philippines
Brett: Mexico is a perfect example of what you're talking about here and I'll just read one paragraph quickly as a as a result of structural adjustment. Mexican real wages declined in the 1980s by more than 75 percent, 70 percent of lower income Mexicans had virtually stopped eating rice eggs fruit vegetables and milk never mind meat or fish. This was going on at a time when their government was paying 27 million dollars per day or 18,750 dollars per minute in interest repayments. Brett: It's not going to improve the lives of the people or whatever it's just going to debt service um financialization of the world economy this is what it looks like so in the Philippines you had Ferdinand
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