Loading ...and the borrowers shall die….The Us Banks make loans in Dollars to foreign country’s then interest rates rise making those loans carry a high er rate than those countrys can pay.So their loans get expensive to pay back.Then when they do pay back it takes MORE of local currency to pay the exchange rate difference making loans harder still to pay back .
Then trade negotiations are getting tougher causing more job losses for them….So the free ride from the US is OVER and the Uncle Sam wants his due….Turkey ,Greece most of Europe wont repay loans..certainly not Africa and now MAYBE China or anybody else that BORROWED from US Banks or US DOLLARS abroad.Thats what Bankers do..they put you in debt ..then they raise rates AND Raise the value of the DOLLAR making payback impossible.Then they foreclose…they confiscate your collateral ,your house,your business,your land…..Thats how Banking works ! Always have your debt in a weak currency,your assets in a strong currency .Most of the world financiers do the opposite.They should have hedged their loans by owning Gold with a PUT option for insurence…but they dont think like Bankers.Do not borrow for consumption ever !Borrow to make money in your business only if its profitable…..
When is CASH KING ? , in a Depression !You can buy assets for 10 % of peak price…or even less.The US creates growth by developing the third world with debt ..We built China with loans ,we gave them jobs for their cheap labor ,now they need to PAY BACK ,same with TURKEY and Europe,Canada ,Mexico ….time to pay up !Theres NO free LUNCH…
Dont send us your poor anymore ,send us your smartest ,your educated thats the price you pay for your loans…..
US needs to reduce its debt ! pay up…..say the Banksters….The only way out is for the US to DEVALUE …!