A number of countries across the third world are in danger of defaulting on their debt.
JUST IN: Following Sri Lanka's decision to stop paying foreign bondholders earlier this year, Bloomberg Economics now considers El Salvador, Ghana, Egypt, Tunisia, and Pakistan to be next at risk of default. pic.twitter.com/ZxrmUbc7dc
— BNN Newsroom (@BNNBreaking) July 8, 2022
Billions in distressed debts are piling up in emerging markets — and threatening historic defaults https://t.co/2Gtx9E0Zre
— Bloomberg Markets (@markets) July 8, 2022
We just saw what happened in Sri Lanka and you can expect similar scenes in these countries once they enter default.
The virus hoax, lockdowns, unlimited money printing and the sanctions on Russia made this result inevitable.
You just can’t close down the global economy for two years and turn it back on like nothing happened.
Many of these countries that fall into economic collapse will be bailed out by the Chinese.
