Rare MSM article that actually exposes some truth and speaks plainly about how the US and its allies have used international trade and lending to siphon raw materials and cheap labor from poor countries

Next? “Green Shock Therapy” as Western governments consider adding conditions on the type of energy that poor countries can use to the typical mix of structural adjustment conditions and austerity agreed to when an IMF or World Bank loan is accepted 🌍

https://t.co/vSuvcgfPTD

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There is also this strange mechanism where even when US policy causes issues investors retreat to the USD to derisk. One sees it often. This means people in countries with weaker currencies often pay for US mistakes. US banks in trouble? Thr ZAR devalues against USD as people derisk to USD despite ZAR banks being operating with proper mark to market balance sheets.

This exports US problems to the rest of the world.