"Debt crisis"
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| Date | 1980s - Present |
|---|---|
| Type | financial |
| Exposed by | John Perkins, Joseph Stiglitz |
| Interest of | Jean Ziegler |
The "Debt crisis" was a means to re-exert pseudocolonial control over the "independent" nations of the world, by covert financial means.
Official Narrative
Wikipedia states that "Debt crisis is the general term for a proliferation of massive public debt relative to tax revenues, especially in reference to Latin American countries during the 1980s, and the United States and the European Union since the mid-2000s."
Problems
John Perkins has exposed the debt 'crisis' was in fact orchestrated by key institutions such as the International Monetary Fund and the World Bank.
Economics
The issue of money creation is shrouded in miseducation.
Related Quotation
| Page | Quote | Date |
|---|---|---|
| IGO | “Well after Argentina went bust in 1991 it offered most of its creditors about thirty-five cents on the dollar. About ninety percent of these people accepted that but some of them didn't and they tried to sue the bank In Switzerland because that's where its headquarters, but the Swiss courts and I think also the Swiss Federal Council have said that the bank is founded by an international treaty. It is inviolable: it cannot be sued.” | 2018 |
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