How a Country Gets Bought Without a War #animation #finance

Why do rich countries keep lending billions to broke countries that can never pay it back? Fair point. Why? A few reasons, Jerry. The biggest one? A broke country can't say no. Say no to what? To the strings attached to the loan. Take Greece in 2010. Lent billions of pounds. But only if Greece slashed pension pots, broke its unions and sold off state assets. Sound familiar, Brits? That's austerity. The same playbook the Treasury ran here. Well, they needed the money. Beggars can't be choosers. Right. But two big problems came with it. Problem one. Less than 5% ever reached the Greek budget. Most of it boomerangs straight back to the banks. London, Frankfurt, Paris. Greece owed German and French banks. The high rollers of elite banking. So the rescue saved those banks. Sent the cash home and skipped the Greek people. And problem two, the conditions, Jerry. The real game was the conditions. Greece's biggest port, a Chinese state company. 14 airports, a German firm, and plenty more. Bloody hell. Sounds like a takeover without a war. Exactly, Jerry. Death is the leash. And it's a big reason the US runs the world. In 1944, at Bretton Woods, they built the IMF and the World Bank. With the US dollar at the center of the system, neither answers to a single vote you cast.