Colonialism or sovereignty? How the global financial system traps countries in debt
Geopolitical Economy Report
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Debt Weaponization and US Control
The Australian debt is unique as disputes must be settled in US courts, not Argentina courts. This situation showcases the financial system's usage as a tool for US political control. The US acts as both the creditors and the judge, leaving the Argentine government voiceless in debt terms. An example is the US judge granting full collection rights to Paul Singer for Argentina's debt bought at a discounted rate, with attempts to seize Argentine assets to repay the debt.
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