Would you look at that, #china has successfully #biased #trade with #african #nations https://www.zerohedge.com/geopolitical/c.. They then offer them #loans to #debt #trap them with their own #money . #predatory ...
#china 's #ccp have a *massive* #hidden #debt problem: https://www.zerohedge.com/economics/chin.. The central #government have pushed #localgovernment to take on #loans to pay for things since 2008, which will soon need to be repiad. The #interest on such a #loan will be insanely high, with them having to get another loan to just #repay the #interest .
According to the #imf , a third of the world is about to go into #recession *just keep #inflation under control:* https://www.zerohedge.com/markets/imf-he.. Things are about to get ultra shit, that doesn't even account for #interest on the #pandemic #loans , or #fractionalreserves invisible money.
Damn, 80% of #americans on #insulin have taken out #loans to #pay for it: https://neverleave.substack.com/p/4-in-5.. This is #permanent #lifesaving #medication - it's not as if they use it out of choice...
Damn, looks like #boris could be looking to stiff me up on my old #student #loans by increasing the amount of time I have to pay them for *and* increasing the #interest rate: https://www.youtube.com/watch?v=sz6-ZRt8.. Apparently these changes very well could be applied retroactively, even more likely given the #uk #government is absolutely broke right now.