this post was submitted on 27 Sep 2024
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[–] yogthos@lemmy.ml 5 points 18 hours ago (4 children)

ethiopia literally had to default on their debt after this article was published

The debt they owed to the IMF 😂 https://www.reuters.com/world/africa/imf-ethiopia-reach-staff-level-agreement-first-review-loan-program-2024-09-27/

and that’s when they do restructure a loan for you, rather than just letting you default and having your economy explode like happened with sri lanka

Oh you mean where actual western debt trap was happening?

this link isn’t relevant

No it wouldn't, but I'm not expecting any sort of intellectual integrity from you here.

this link isn’t relevant

sure buddy

[–] switchboard_pete@fedia.io -2 points 17 hours ago (3 children)

The debt they owed to the IMF

do you understand how money works? you know it's fungible, right?

Oh you mean where actual western debt trap was happening?

even in your cartoon world, china is a member of the imf

and even if they weren't, the largest share of single-source debt was from china

i guess it's easier to defend a worldview if you just like...make stuff up?

any sort of intellectual integrity from you here

said the person who cherry picked like 3 things to respond to, despite spending most of their life accusing others of cherry picking, and responded to them by making stuff up

sure buddy

okay let's pretend it's relevant

selling it services and equipment now absolves a country of guilt

wow, looks like the us is absolved of guilt to a comical degree

[–] yogthos@lemmy.ml 3 points 16 hours ago (2 children)

Unlike you, I do understand how money and debt works. The discussion is about debts issued by China and their long term impact, which every study shows to be positive. I guess it's easier to make a clown of yourself in public than actually learn about the subject you're attempting to debate.

[–] switchboard_pete@fedia.io -1 points 15 hours ago (1 children)

The discussion is about debts issued by China and their long term impact, which every study shows to be positive

except the ones you just linked, i guess?

you must have been very unlucky when picking which sources to show me :(

I guess it's easier to make a clown of yourself in public than actually learn about the subject you're attempting to debate

you know people only keep you off their blocklist because it's really funny watching the fediverse e-clown ply their trade every day, right?

[–] yogthos@lemmy.ml 2 points 12 hours ago

The ones I linked provide a contrast between Chinese lending and IMF lending, but clearly that was too complex of an idea for you to grasp.

you must have been very unlucky when picking which sources to show me :(

I just vastly overestimated your intellectual capacity.

you know people only keep you off their blocklist because it’s really funny watching the fediverse e-clown ply their trade every day, right?

I'd be so insulted by that if I had a shred of respect for you.