
SLP446 Alex Gladstein The Scourge of “Structural Adjustment”
Stephan Livera Podcast
00:00
What Is Odious Debt?
So much of the massive sovereign debt bubble in the world today is basically what we would call odious debt. You know, I think that we start to see that happen as we transition more towards a Bitcoin standard maybe in the future. So because like the IMF and World Bank are essentially dollar creatures, the dollar system was able to continue to just bail out these countries. And then later, it was dictators, right? So whether it was Suharto in Indonesia or Marcos in the Philippines or Portillo in Mexico, etc,. etc.
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