💜 I am thankful you continue the good fight. I remember attending peaceful planning and demonstrations early 2000s I think

💜

to reiterate why would anyone have any debt forgiven when there never was a lawful debt. Each time the bank authorizes the so-called loans commit 19 crimes.

there are no lawful debt, I have written a book about this. so stop saying debt justice because there are no debt its a fraud banks have never lent one cent to anyone, my book should be up soon with 500 pages of evidence that clearly show that the its the client who lends to the bank not the bank lends to the client.

Great.

How does planned obsolescence affect debt? What is Net Domestic Product, NDP? Our brilliant economists ignore the depreciation of durable consumer goods all over the world.

Islam forbids Usury

It would be helpful to have specific refs. that are traceable and specific refs. backing the assertions that the IMF and WB are backing this idea. (cf. 7:35).

Fantastic presentation. Very informative!

Inspiring. Thankyou for reminding us.

The USSR hammer 🔨 and sickle ppl are here folks

Wtf happened to the 'Scientific' Socialism?!

Great video really interesting- we can learn from this and fuck shit up

thank you so much

Not quite accurate. The London Agreement singled out Australia to receive nothing in German reparations. At Versailles, Germany was to pay Australia £426.0M, by 1933 only £6.0M had been paid.

I as a Zambian personally appreciate your efforts for the country . ❤

❤ From 🇿🇲

Ft

. .z

Black rock to cancel debt to pay Chinese debts! Better not! DECOUPLE FROM THE EVIL DICTATORSHIP

This bloke needs to get a job!

No white colonizers commenting here?.

*Promo SM*

The previous regime must definitely be blamed for this crisis because of their failure to allocate these loans in production and income generation to create employment with such debt and their lack of prudence, The regime was very corrupt and most of the monies was never used as intended but the lenders must share the blame too, They knew very well the country was accumulating more than it could pay back but they kind of continuously choking the country,

Hardly a rebellion. Tankie and Anarkiddy LARP is always so self aggrandising

It was a far fairer system with two old age pensioners paying the same as 5 people in a house was and still is wrong.

the parasite class would put the lot of you on polls tax if they got chance,,,check it out brattin, they changed its name from poll tax to council tax, hey do you know how much the paracite class earn off the peasants recycling every week ??? yeah that much, you know a wise old man once told me this, in brattin we have labour and tory, well if you put them both together its a laboratory, hows the cage feel???

Well spoken madam

Honestly as a Zambian myself, I am real grateful for what they did, because of people like them we were actually able to get our debt restructured. While it is true that we did borrow the money and rightfully owe our creditors who arent exactly at fault, it is also true that in such instances creditors take advantage of the situation and take hostage entire countries and mask it as help. Which why I am grateful for genuine help. Your help is and will not be in vain. Truly.

I would like more of an explanation other than. "they are poor so cancel debt." I own money I have to pay back, why do they get a pass?

Yes and the government are paying £50 per day for illegal immigrants why.

Enlightening. Thank you for this

Gov should cut Fuel Standing Charge and Law to stop Prepay meter, this two items could provide families with food on the table.

AM wanted 2 send A M essage but you wanted money to send a A M essage : WHY: WHAT PRICE EARTH

Shame about the music, undermining some how? 😵 All power to you! 😬😎💣💕

🤣🤣🤣🤣

Omg, this is pathetic. You clearly don't have a degree in anything to do with finance.

I too have a history of corruption, mis-management and over-borrowing #CancelCarlsDebt

Private companies should not lend to countries. If it goes pear shaped, there is always that whiff of loan sharking. Loans should only be given by countries or large international organisations who are not profit driven to avoid that whiff of loan sharking. Very long videos are not popular outside people watching for work.

Can't pay, won't pay.... I remember it well...

Zambia has free education as well as free health care nice video #Zambian 💚

Larry Fink's failure to act on this and yet they make huge profits from investing public pensions in fossil fuels as well as cashing in on extortionate interest rates on unsustainable debts. Those countries who have wiped off their debt with Zambia and other nations should be putting pressure on Blackrock to cancel the debt or be cancelled themselves.

With people generously donating to help Ukraine in crisis I'm sure they'd be happy to lend it money very cheap. But should the debt be cancelled?

Positive Money Reform?

Transcript: ED: Hi, there. My name is Ed Butler. Welcome to Business Daily from the BBC. Today, the credit crunch facing dozens of the world's poorest countries. We are in completely uncharted territory. How do indebted governments handle these debt levels? How do they manage their debt? How do they continue to service it if borrowing costs rise? Ed: Billions are now owed and some countries simply won't manage the repayments we're told. So, who should foot the bill? Tim: The lenders are just as responsible for these crisis as the borrowers. But the loans that have actually been given have been a very high interest rates. That level of interest was never payable. Never a borrower nor a lender be. Business daily from the BBC. Ed: Merging market strategies recently said we have just a couple of years to figure out a support plan or countries could be facing a systemic crisis and some now say that plan must involve widespread debt relief. Tim Jones represents the Jubilee Debt Campaign: It's a non-profit focused on this issue. Tim: We estimate there are 54 countries in debt crisis which means that people suffer because it means governments have less money to spend on social services, on things like health and education, on social protection. Overall this makes it very difficult to recover from the COVID crisis because these debt payments are increasing. There isn't the money that is needed to be expanded to tackle all these problems. Ed: We're going to get into cycles like this every few years it always happens. Countries overstretched, they overreach, they get themselves into trouble and they have to pull back the reins to to live within their means. I mean, isn't the lesson of this simply that countries were overreached when the times were good and when interest rates were low? Tim: No, this should not be seen as inevitable and also it takes two to tango. Lenders are just as responsible for these crises as the borrowers. We had a period of debts being cancelled back in the early 2000s and that did free up governments to have a lot more space to expand things like healthcare and education spending. But then since the global financial crisis of 2008 there has been a big increase in loans to governments because of low interest rates although the low that have actually been given have been at very high interest rates. So for example loans to Zambia at 9% interest, which is always going to be reckless that that level of interest was never payable and so those lenders now need to share in the cost of the crisis of the created one of the reasons we have this cycle of crisis is that when the debt problems arise too often the original lenders get bailed out and the problem gets passed elsewhere and that means that you keep getting the cycle of crisis because lenders keep acting recklessly we need to make lenders pay for the bad decisions so that they act more responsibly in the future. Ed: Right, so talk me through that. What will happen? What do you expect to happen? Typically if it's business as usual. How will this play out? Tim: So the standard response is for institutions like the International Monetary Fund and the World bank to lend more money which enables the interest payments to private lenders to keep being paid but in the meantime there's mass austerity pushed on countries in a vain attempt to try and pay the debt. What we need to see is upfront restructuring of the debt so some of the debt cancelled to get it down to a sustainable level including with all the creditors who've lent the money originally not allowing any to escape and so to share that burden across all creditors. Ed: Right, you don't think that that's just going to incentivise more reckless borrowing by governments from both countries around the world. Tim: No, because the problem we have is that reckless lending is constantly incentivized. What we need to see to end the cycle of crisis is for lenders to take a hit so that they act more responsibly in the future. Ed: The G20 did say, didn't it? Back in 2020 that they were trying to introduce a new debt relief mechanism as a result of pandemic offering something like $20 billion dollars worth of debt relief or at least pledging it in April 2020. Is that not enough? Tim: Ha! That it didn't happen is the number one thing. The G20 scheme proposed to suspend payments but only governments took part in the scheme. They didn't make private lenders take part so in the end only a quarter of debt payments were suspended and the main reason for that fail is because they failed to get private lenders to take part. So one structure we need is a comprehensive debt restructuring scheme so that it is clear when a government can't pay there is a mechanism to get that debt written down across all creditors. Ed: Tim Jones of the Jubilee Debt Campaign. With one view on how to solve the developing world's debt crisis. That's it for this edition of Business Daily. Faria Masood was my producer today. Thanks for listening.

Hope the people who gave this a THUMBS DOWN have the answer to all of these problems!

Great video, thank you for sharing it!

Don’t borrow money idiot!

A thought provoking choice of music: "Silver threads among the gold". Whose gold?

College debt is gonna hit 2 trillion in US sadly