155. IMF & World Bank Misery Industry with Alex Gladstein
The Bitcoin Standard Podcast
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The Excessive Growth in External Debt
If you look at the external debt of the third world or the global south, it's an exponential chart. The loans don't generally get paid off because what ends up happening is that the government is going to default and then it's going to need to sign a restructuring. And then the debt gets rolled over. This is like kind of what the World Bank does. If you look, actually, there is no end. Right? You said the $100 million loan by the end, they'll be paying back $150 million. Yeah. Well, the correct...
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