Episode Details

Around the world, debt is skyrocketing - and rising interest rates are making it unsustainable. In this first part, Ben Norton discusses the impending crisis in the United States, before explaining in part two how Wall Street traps the Global South in debt. VIDEO: https://youtube.com/watch?v=Ib3QOBbQR2g US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs: https://geopoliticaleconomy.com/2023/03/19/fed-bailout-silicon-valley-banks 4 US banks crash in 2 months: Banking crisis explained by economist Michael Hudson: https://geopoliticaleconomy.com/2023/05/05/first-republic-bank-crisis-michael-hudson