Submitted by BubsyFanboy t3_126xlg0 in worldnews
DoomsdayLullaby t1_jeddwql wrote
Reply to comment by The-Peace-Maker in China calls US debt trap accusation 'irresponsible' by BubsyFanboy
They learned from the best. Loan money, raise interest rates, debt becomes unsustainable, implement a structural adjustment program, privatize a nations resources for pennies on the dollar and massively reduce the cost of local labor. If they don't comply either install a government who will or hyper inflate their currency and lock them out of the global economy until they bend the knee. --The US way.
hawaii_funk t1_jefdxko wrote
I'm not sure why you're getting downvoted. That's literally the history w/ the IMF and its austerity measures.
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