Some 70 countries are in or at risk of debt distress – a record number that has the World Bank sounding the alarm. Debt defaults by these emerging and developing countries could lead the world into a global financial crisis perhaps even on par with the Great Depression of 1929. The pattern is clear from three previous debt waves: the Latin American debt crisis of the 1980s, Asian financial crisis of the 1990s, and the global financial crisis triggered by the 2007 US subprime crisis.
00:00 Intro & three previous debt waves
01:16 The fourth debt wave
02:07 Countries in debt: Sri Lanka, Pakistan, Egypt, Lebanon, Laos
03:40 Impact on education, healthcare
04:21 How did the debt crisis start?
05:19 China’s Belt & Road Initiative
06:12 Climate change and debt
07:20 On the brink of economic meltdown?
WATCH THE FULL EPISODES of Debt Bomb:
What Pakistan’s Debt Dilemma Reveals About Looming Global Default Crisis https://www.youtube.com/watch?v=9AJa013VufE
Sri Lanka’s Debt Crisis: Who Is Really To Blame?
https://www.youtube.com/watch?v=_i9E49k2pUQ
ALSO WATCH:
China’s Belt And Road: A Debt Trap For Sri Lanka? | CNA Correspondent
https://youtu.be/Kx9rChH-MmA
Another Sri Lanka In The Making? Pakistan On Brink Of Economic Ruin | Insight
https://youtu.be/TiAyaPsuy3Y
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The whole report never mentioned the trillions of debt USA has to bear too. Another propaganda documentary..
All by design..
sounds like business as usual….,
It's all B.S. the government is withholding food and money. The whole world is in debt to who? Who does the whole world owe? God will prevail the they are stealing our hard earned money. They are trying to kill steal and destroy.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH…. stock,silver and gold)
Belt and road initiative is a trap. The initiative is good but the debt is huge if the government keep borrowing money from the China.
Fiat money causes all these problems. Until you change the way money works you change nothing.
The Elites are creating all of these debts, you will notice every leader of all the countries around the globe, are spending money like there is no tomorrow, to keep all the countries in great debt intentionally, these crisis are created by WEF & WHO to serve their own agenda.
The World is the stage, and the 13 families in control are orchestrating everything, and this is what the Great Reset is beginning to look like. You will own nothing and be happy. these people are controlling Directors of corporate businesses. Welcome to the start of the digital currency, but to do such a switch, the current monetary system has to be destroyed, and we are at mercies gates, so then they swoop in with the solution. Being forced to accept anything when one is on your knees. They are testing in different Countries to see what will happen. Out of chaos comes order. These people will stop at nothing just so that they can enslave us on a Global scale all under the disguise, Universal Credit….!
Who do we genuinely owe?