Unesco report shows children lost out to servicing debt in 113 countries, with 18 spending five times more on loans
  • homes@piefed.worldEnglish
    6·
    6 days ago

    What good is higher education if you can’t destroy students lives with crippling debt?

  • Mulligrubs@lemmy.world
    4·
    6 days ago

    Many nations have fallen for the big banks, getting loans they can never, ever repay.

    ‘Don’t worry, we’ll loan you more, no problem! Yeah, the interest rate is higher, fancy that. Oh! Your money is worth less for some reason, who knew! It is a mystery.’

    International banking and IMF are vampires, sucking the life out of the most vulnerable nations (and everyone else, too). After their economy collapses (like Somalia) we’ll then start reaping their natural resources without having to pay anyone but a thin-as-bones warlord, with immense savings (for the banks and the companies they own in full or part).