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Country defaults have been in the news lately, but what actually happens when a government can no longer pay off their debts? We dive into this strange topic in today’s video.
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This channel is for education purposes only and does not constitute financial advice – Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).
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Can't focus because of the background jazz music. Could you not please?
Hello guys due to the recent drop of Bitcoin am gifting out 5 lucky persons
Russia one was a bit silly of an example, as their debt is in a limbo, they could pay it but the recipent doesn't want it.
The story about unregistered swimming pools in Greece goes to illustrate how selfish the Greek population was and how incompetent the government was at collecting those taxes.
Very good video.
IMF are financial sharks. The miracle is that countries are actually able to recover after getting IMF """help""".
love the delivery
0:30 I'm a native Russian speaker and I have no idea what you said
Russia was forced into default, Sri Lanka might be able to settle/restructure the debt with Japan.
Excellent. Shame about the dreadful and very distracting background music.
The way you said that russian phrase, doood that was so bad, like literally the worst but in a way, kinda holds itself up there
I really like you and your reporting, Richard, but as someone who understands Russian, that intro murdered my ears. 🙁 😀
We send in the army to repossess their shit and stick it in our museums until they pay us back then they can have their cultural heritage back but hurry the price doubles every year >:C