Read_686 – How the IMF and World Bank Repress Poor Countries, Part 4 [Alex Gladstein]

“The “generosity” of the West enabled unaccountable leaders to plunge their nations into debt deeper than ever before. The system was, as Payer writes in “Lent And Lost,” a straightforward Ponzi scheme: the new loans went straight to paying for the old loans. The system needed to grow to avoid collapse.” – Alex Gladstein

WERE BACK! We’ve got a bit of a lengthy introduction today while I mostly apologize and ramble about why I missed more than a weeks worth of episodes, but we are getting back into it with a huge backlog of amazing reads I have been eager to dive into over the holidays! To start us off we are going to conclude the incredible novel, I mean article, by Alex Gladstein on the IMF and World Bank’s exploitation of the third world.

We are jumping right into the middle of it, so don’t forget to listen to Part 1, 2, & 3 if you haven’t yet, otherwise this will be confusing, lol:
Part 1:
Part 2:
Part 3:

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Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington’s “Capital Strip Mine”:

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“I, However place economy among the first and most important of virtues, and public debt as the greatest of the dangers to be feared.” – Thomas Jefferson
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