The Debt Trap narrative is so funny because Americans always describe it as this terrible thing China does, and then any other country in the world just goes "That's what you did to all of us" and the US is like "Yeah but I did it with freedums".
In Argentina, the IMF debt trapped the goverment with the biggest IMF loan in the institution history. The IMF even broke 4 of their own rules to achieve the debt trap, along with a right-wing argentinian goverment that lasted 4 years. In Bolivia, the goverment that couped Evo Morales, took an IMF loan. Totally unneeded, the country has the lowest inflation in latin america, and one of the most stable currencies. Thankfully, the MAS party was able to return quickly to the country and return the loan in its entirety before the country got debt-trapped.
26:07 being of North African descent, my ancestors’ fate would have been infinitely more rosey if the Ottomans had stayed instead of the French coming in
Oh!!!! this is so cool im actually learning about the IMF's impact on textiles factories in Burkina Faso during the structural adjustment program post-Thomas Sankara, and what that means for the economic relationship between Africa and western countries. Its cool when i finally see an intersection of what Hasan's talking about and a fucking art school lol.
The main selling point of CCP funding is that it's an alternate option to what is available. It just so happens that it comes with little to no cultural strings compared to western sources of funding. Yes there's gotcha clauses etc. but show me a contract that doesn't have them. In these cases there's no strong-arming, finger-pointing nor talking-down-to to get countries to sign. Choosing between the two options (CCP and the west) the CCP has quite the attractive offer if you want to keep your own culture and are prepared to meet the T&Cs. History has great examples of cultural strings when it comes to trading/interactions with other nations: Any Catholic aligned country such as Portugal - in addition to the agreement you will allow us to proselyte and let us build churches (increasing the influence of the Pope and Catholicism) Any Islamic aligned country - in addition to the agreement you will allow us proselyte and let us build mosques (Increasing the influence of Islam) Any secular western nation - in addition to the agreement you will stop with acts that we do not approve of and adhere to the standards that we propose CCP - we don't give a crap what you do within your own boarders, just so long you are good with the T&Cs. There's a f--- tonne of gotchas in there (standard of any international contracts) so sign off if you're cool with that
9:48 Finally, someone realized that Africa doesn't want charity from the West. Charity is bad for our economies and it's bad for our people. Charity is what's keeping us poor. If you're not going to teach us how to fish for ourselves then you can keep your fishes to yourself, we'll figure out how to fish ourselves. Why do you need us to be dependent on you so badly? It's very suspicious. We don't need your charity, get out of our countries. We can feed our starving children on our own, without your toxic, conditional help. Mind your own business.
Eunuchs were a tradition inherited from the Byzantine Empire, I believe, and the entire purpose of eunuchs are that they have the highest expectation of loyalty because they can't sire children and generally won't sleep with the women of the palace - they didn't make just anybody a eunuch, you had to already be a highly loyal and useful servant. I won't go so far as to say the eunuchs always volunteered for castration. But if people were castrated against their will it wouldn't engender the loyalty implicit in the job description.
I love it when bloomberg does this their not the best, but i love their vids on yt as a socialist their one of my many good sources of info, events if they didn't go deeper into its good enough for me or the average person
The Debt Trap narrative is so funny because Americans always describe it as this terrible thing China does, and then any other country in the world just goes "That's what you did to all of us" and the US is like "Yeah but I did it with freedums".
@@nexty3230Nah, China's a lot less predatory lol.
"Confesions of an economic hitman" should be mandatory in every single highschool.
Literally IMF
In Argentina, the IMF debt trapped the goverment with the biggest IMF loan in the institution history. The IMF even broke 4 of their own rules to achieve the debt trap, along with a right-wing argentinian goverment that lasted 4 years.
In Bolivia, the goverment that couped Evo Morales, took an IMF loan. Totally unneeded, the country has the lowest inflation in latin america, and one of the most stable currencies. Thankfully, the MAS party was able to return quickly to the country and return the loan in its entirety before the country got debt-trapped.
And that was with american U.S. currency not chinese Yuan
And now they got milei. 50 years down the drain
26:07 being of North African descent, my ancestors’ fate would have been infinitely more rosey if the Ottomans had stayed instead of the French coming in
Oh!!!! this is so cool im actually learning about the IMF's impact on textiles factories in Burkina Faso during the structural adjustment program post-Thomas Sankara, and what that means for the economic relationship between Africa and western countries. Its cool when i finally see an intersection of what Hasan's talking about and a fucking art school lol.
Who asked
@@jerseysilva1831you
The main selling point of CCP funding is that it's an alternate option to what is available. It just so happens that it comes with little to no cultural strings compared to western sources of funding.
Yes there's gotcha clauses etc. but show me a contract that doesn't have them. In these cases there's no strong-arming, finger-pointing nor talking-down-to to get countries to sign. Choosing between the two options (CCP and the west) the CCP has quite the attractive offer if you want to keep your own culture and are prepared to meet the T&Cs.
History has great examples of cultural strings when it comes to trading/interactions with other nations:
Any Catholic aligned country such as Portugal - in addition to the agreement you will allow us to proselyte and let us build churches (increasing the influence of the Pope and Catholicism)
Any Islamic aligned country - in addition to the agreement you will allow us proselyte and let us build mosques (Increasing the influence of Islam)
Any secular western nation - in addition to the agreement you will stop with acts that we do not approve of and adhere to the standards that we propose
CCP - we don't give a crap what you do within your own boarders, just so long you are good with the T&Cs. There's a f--- tonne of gotchas in there (standard of any international contracts) so sign off if you're cool with that
Bro the chatters are insane 😂😂
Thank you for telling the truth, debunking the myth of the debt trap.
"Confesions of an economic hitman" should be mandatory.
Why are there so many watchers with a miserable idea of how history functions and works??? READ!!!
We sent them 2 of our trains that were built for high speed rail from Madison to Milwaukee that never materialized.
9:48 Finally, someone realized that Africa doesn't want charity from the West. Charity is bad for our economies and it's bad for our people. Charity is what's keeping us poor. If you're not going to teach us how to fish for ourselves then you can keep your fishes to yourself, we'll figure out how to fish ourselves. Why do you need us to be dependent on you so badly? It's very suspicious. We don't need your charity, get out of our countries. We can feed our starving children on our own, without your toxic, conditional help. Mind your own business.
19:27 bookmark
Eunuchs were a tradition inherited from the Byzantine Empire, I believe, and the entire purpose of eunuchs are that they have the highest expectation of loyalty because they can't sire children and generally won't sleep with the women of the palace - they didn't make just anybody a eunuch, you had to already be a highly loyal and useful servant. I won't go so far as to say the eunuchs always volunteered for castration. But if people were castrated against their will it wouldn't engender the loyalty implicit in the job description.
"yUrRddUrR bUT gOt!1!!!1!" -Average twitch chatter
I love it when bloomberg does this their not the best, but i love their vids on yt as a socialist their one of my many good sources of info, events if they didn't go deeper into its good enough for me or the average person
Whee is b3w now?😂
wooop, second to last video. almost done