junk countries

Mar 23, 2022 07:34

I don't mean the people living inside these countries, I mean the governments running these countries -- the following governments are having so much trouble raising cash that they are paying interest of 20% or more (either short-term or long-term) on their debts:

Russia (20%)

Zambia (25%)

Turkey (27%)

Ukraine (35%)

Argentina (50%)

Venezuela

let them eat debt, bear market, econ

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Comments 1

matrixmann March 23 2022, 12:09:41 UTC
And for at least 3 of these it's known that there is a political motivation from the American financial markets involved in it (Russia, Venezuela, Turkey)...
With number 4 - Ukraine - being a mixture of the war and the economical instability and downslide since the coup.

So much for the "fair competition" and "only data matters"...

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