Raphaello
All Star
Talking about how bad it is doesn't solve anything. The west is powerful and wants to maintain that power and influence by any means necessary . You can't just start doing stuff on your own without facing severe economic backlash
IMF Loans Continue to Undermine Health in Africa
- Thread starter loyola llothta
- Start date
-
- Tags
- africa
loyola llothta
☭☭☭
Just saw this
Nkrumah Was Right
Superstar
Without diving too much into the meaning of the term/political theory of liberalism, liberals have traditionally been for market economics, private property (i.e., Adam Smith).
I think it's a shame that we teach political theory so poorly in the West. I mean, if you even go on the Wikipedia article for "Libertarianism", it even describes libertarianism as a revival of "classical liberalism" in the West.
Nkrumah Was Right
Superstar
Anyway, @Geek Nasty here's a Wikipedia article to get you started before you start reading books/academic articles on neoliberalism
Neoliberalism - Wikipedia
Neoliberalism - Wikipedia
loyola llothta
☭☭☭
I was gonna say, TLR posters always talking random conspiracy theories with WHO or whatever that have zero basis in reality, but IMF is the true WOAT and they don't say jack shyt cause they agree with its politics.
Last edited:
"Neoliberalism" is a philosophy that makes both libertarians and rich corporate liberals happy. Friedman helped develop it as a right-wing philosophy on the 1950s but right wing Dems like the Clintons and Obama adopted it themselves in an effort to play to he middle and protect the wealthy.
loyola llothta
☭☭☭
loyola llothta
☭☭☭
UncleTomFord15
Veteran
Black men have been falling for the same finesse for the last 500 years 
Im very skeptical of this. Even if the money were availed, corruption wouldve swallowed the excess funds and results woukdve been the same. Recall that a nation like the US with stringent laws and moderate oversight was drowning in covid fraud, so can you imagine how dire the stealing would be in an African nation? Wouldnt be suprised if rwanda was the only nation to use the funds correctly.
1/70
@michael_galant
“African countries borrow at rates up to 8 times higher than Germany and 4 times higher than the United States. It’s a Marshall Plan in reverse, in which the poorest finance the richest.”
@LulaOficial at /search?q=#UNGA
2/70
@michael_galant
[Quoted tweet]
"Debt is the millstone around the neck of developing countries — stifling their potential [&] robbing [them] of much-needed funds for health, education & social spending"
@CyrilRamaphosa calls to reform global financial architecture & lift the South from "quicksand of debt"
3/70
@DanCollins2011
Except then never pay it back and get the debt written off by governments which pay 100% to the banks that loaned the bad debt then extract it from Western tax payers. Poor Western taxpayer fund African oligarchs who extract the cash and send it to Switzerland.
4/70
@MelusiSiboniso
Who sent them to borrow in the first place? This is why I hate African dictators.
5/70
@GravyHound12
It’s called “credit risk”.
Undeveloped societies with insecure political and social systems are risky places to invest. To compensate, lending rates are higher.
Same principle applies to ordinary individuals.
6/70
@edwardross01
I think you should read the repayment stats; Africa’s vs Germany.
Since the 1950 the African countries have defaulted on 93% of their debt; paid whatever interests they were charged for no more eight years and then defaulted.
Germany; you should know the answer, don’t you?
7/70
@pi_cameroon
@pikaso_me screenshot this
8/70
@pikaso_me
Enjoy your screenshot and...
Get 10 stickers for $1: $1 for 10 | Sticker Mule
9/70
@subyroy
yes... credit markets have their explanations...
[Quoted tweet]
which reminds of Joan Robinson opening her *Rate of Interest* contrasting rural Indian credit w London money markets
10/70
@_SBat_
Guess why that is. 'corruption', 'socialism', 'poor leadership', 'unsolid budget policy', 'strangling economy' with Regulation and limitations, high taxes, ....
11/70
@mark_sachs
Because they are risky investments at. That’s how banking works.
12/70
@RebeccaThusane
IM SELLING PREPAID ELECTRICITY
️
R250 FOR 750 UNITS
R350 FOR 1500 UNITS
R450 FOR 2200 UNITS
•Available for all meters
•Eskom,hexing, tshwane, unpin city power, ekurhuleni, recharger & etc
whatsapp 0676251979
Share on WhatsApp
13/70
@KaraoWaNairobi
@Bushra1Shaikh come check this
14/70
@BarronNaledi
You got it in one !!
15/70
@dylanbusa
It’s called risk. If African economies and countries were better run, they would get better rates. It’s not hard to understand.
16/70
@AronDavids21591
Was a time also that Nigeria was not allowed to refine its own oil, not sure if that is still the case, but the trade deal forced them to buy back refined oil from Europe at a much higher price.
17/70
@Mykydodo2000
Same in east Europe.
18/70
@MotsohiThabang
From domination, colonisation and finally perpetually chained through indebtedness overseen and adjudicated by their lender enforcement agencies.
19/70
@RasMiki251
@alemayehuGeda I’m sure you would ageee with Lula’s statement
20/70
@maverickvaks
A true 19th century Marxist, a humble socialist, an uncompromising revolutionary /search?q=#Lula
21/70
@mizrahi_matias
Brasil is more than welcome to loan money to African countries at a much lower rate.
22/70
@RuneSolberg8
People like this should never be granted power!
23/70
@rui_martins1966
A proputin puppet.
24/70
@r_rukaka
True. And there is no objective grounds for that situation beyond an unfair global economic structure that favours former colonial Powers at the expense of those they colonised in the Global South.
25/70
@83d27187dde7420
Create a BRICS + bank that only lends money to LDs. Do away with 'the keep them poor' lending system.
26/70
@n004477
Then they wonder why we cross the Mediterranean sea?
27/70
@buherithomas
Why borrow especially from colonisers? Why is there not an indicator of the move to liberate the continent from the chains?
28/70
@graceseb
The revolution is to have all these interest rates down to 4-8%. The 15+ we get is stealing. In here is how we might fix poverty.
29/70
@s_lonardi
Risk, idiot!
30/70
@MogadishuMade
No lies detected!
31/70
@eedriz_
It's simple, stop borrowing... But the thieves in government don't care .. they'll borrow to buy luxury cars...
32/70
@stijipoltouk
L Afrique, le trésor sans fond des parasites occidentaux
33/70
@whatsgonewith
Explain this then.
[Quoted tweet]
Top 20 US Foreign Aid recipients since 1946
34/70
@UmBencaoCadaDia
Why isn't Brazil leveraging up and pushing it's banks to do more lending in other developing economies then ? Access to credit is pretty good in Brazil.
Is it perhaps that investments in developing economies is risky.....?
35/70
@renatogiannetti
Good debt (MD)
36/70
@3pupmomma
It's called colonialism.
The modern version, operated through private companies abd central-bank policies
37/70
@Sthembiso_RSA
Our poverty is manmade and the beneficiaries are not willing to let us go free.
38/70
@amitaminem
It's the big con
39/70
@Sthembiso_RSA
40/70
@Max_Khalanga
@Bryanchelsea11 @tendaim65
41/70
@sayed_tawab
A la Usury.
42/70
@diala_peace
And afterwards they will start asking for debt relief
43/70
@Monare99
It is our money maan. They must just give it back.
44/70
@lakitukl
Reverse Robin Hood.
To be fair - the UN did shout from the rooftops quite recently "stop! wrong way! go back!" - but for some reason..
[Quoted tweet]
"rather than increase rates, which will do little to ease shortages of energy and food, policy makers should focus on measures that target price spikes directly"
wsj.com/articles/u-n-calls-o…
45/70
@JimohMutiuKola3
Hmm Africa
46/70
@Pelsrobman
Does this guy not understand risk? Rates are higher in Africa because there is a bigger risk of defaulting. Lenders want to be compensated for that risk.
47/70
@The_Scarlet_Pi
See what happened to brlusd exchange rate since the beginning of @LulaOficial and you understand why
48/70
@NgouRod
This kind of language doesn't help Africa at all . The risk premium on African countries except for some few reflect how mismanaged those countries are .
49/70
@powwower
This is disgusting
50/70
@jabuz
The open secret is the fact that the Rich ‘print’ to create a functional and cyclical economy whereas the Poor even when they ‘print’ they do create but consumer because they don’t produce but consume what the rich produce. Money is simply a means not the end.
51/70
@DoctorShange
Neocolonialism and imperialism in disguise of aid!
52/70
@benW_crazy
When the math is heartbreaking and burdens others, is it time to rethink?
53/70
@IamLungile_
High risk clients are charged higher interest by banks.
It's called risk management
54/70
@bluesofie171
Lula is an illiterate
55/70
@inTheMtnWood
And here comes a Marxist to save Sri Lanka with none other than help from the IMF.
56/70
@TrollFake16
@michael_galant Because those are LOANS - and by definition - you need to PAY IT BACK.
The more unstable you are = the higher risk = the more expensive the loan.
Germany has been always paying their debts while African states often cancelled debts after coups...
57/70
@AdriaanGennep
Our present economical & financial model is very dishonest and has approved itself as the highway to hell !
We must adapt conditions and taxes or everything can be axed
With too much competition the system works not anymore, just more conflicts and war
Do we really need more
58/70
@BavosoVincenzo
Problem 1: they do not need to borrow in the first instance. Problem 2: they should not borrow from loan sharks /search?q=#IMF /search?q=#WorldBank /search?q=#globalbanks
59/70
@asparagusn35342
Instead of the endless discussions about reparations for the damage that the west has done to other countries, I propose an immediate cancellation of all debts ' owed ' by developing countries in a full & final settlement of all obligations.
60/70
@Munchausen23
Let me rephrase that. "African Politicians steal 8x more than Germany and 4 x more than the United States "
That's why their populations stay poor, uneducated and exploited.
61/70
@fezgwayi
In South Africa it is the Black people that pay high interests, the very people who werr oppressed and needed to be given a break. I see the global order is for the poor to finance the rich even among countries
62/70
@DriicaaMR
This man is a thief!!! He is destroying the economy!!!
63/70
@Paulo_SemperFi
Empresta-lhes tu
64/70
@Leoncush
Why do we need to borrow the borrower is a slave to the lender says the old book
65/70
@ivandeventer
Why are you reposting this crap, Mike?
66/70
@marleydraque
They also go bankrupt and never pay back any of the money at much higher rates so it isn't true
67/70
@scottpsolomon
Here are 3 podcasts describing how to flip the script:
First podcast
Second podcast
Podcast 3
68/70
@esqparaosoutros
He is a thief. Don’t give voice to this old corrupt man
69/70
@newsage04
The Kenyan President doesn't care. Just pose for pictures with him and give his country another loan. Future Kenyan generations will deal with the high interests rates and costs.
70/70
@direitasnake
Foda-se!
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
@michael_galant
“African countries borrow at rates up to 8 times higher than Germany and 4 times higher than the United States. It’s a Marshall Plan in reverse, in which the poorest finance the richest.”
@LulaOficial at /search?q=#UNGA
2/70
@michael_galant
[Quoted tweet]
"Debt is the millstone around the neck of developing countries — stifling their potential [&] robbing [them] of much-needed funds for health, education & social spending"
@CyrilRamaphosa calls to reform global financial architecture & lift the South from "quicksand of debt"3/70
@DanCollins2011
Except then never pay it back and get the debt written off by governments which pay 100% to the banks that loaned the bad debt then extract it from Western tax payers. Poor Western taxpayer fund African oligarchs who extract the cash and send it to Switzerland.
4/70
@MelusiSiboniso
Who sent them to borrow in the first place? This is why I hate African dictators.
5/70
@GravyHound12
It’s called “credit risk”.
Undeveloped societies with insecure political and social systems are risky places to invest. To compensate, lending rates are higher.
Same principle applies to ordinary individuals.
6/70
@edwardross01
I think you should read the repayment stats; Africa’s vs Germany.
Since the 1950 the African countries have defaulted on 93% of their debt; paid whatever interests they were charged for no more eight years and then defaulted.
Germany; you should know the answer, don’t you?
7/70
@pi_cameroon
@pikaso_me screenshot this
8/70
@pikaso_me
Enjoy your screenshot and...
Get 10 stickers for $1: $1 for 10 | Sticker Mule
9/70
@subyroy
yes... credit markets have their explanations...
[Quoted tweet]
which reminds of Joan Robinson opening her *Rate of Interest* contrasting rural Indian credit w London money markets
10/70
@_SBat_
Guess why that is. 'corruption', 'socialism', 'poor leadership', 'unsolid budget policy', 'strangling economy' with Regulation and limitations, high taxes, ....
11/70
@mark_sachs
Because they are risky investments at. That’s how banking works.
12/70
@RebeccaThusane
IM SELLING PREPAID ELECTRICITY
️R250 FOR 750 UNITS
R350 FOR 1500 UNITS
R450 FOR 2200 UNITS
•Available for all meters
•Eskom,hexing, tshwane, unpin city power, ekurhuleni, recharger & etc
whatsapp 0676251979
Share on WhatsApp13/70
@KaraoWaNairobi
@Bushra1Shaikh come check this
14/70
@BarronNaledi
You got it in one !!
15/70
@dylanbusa
It’s called risk. If African economies and countries were better run, they would get better rates. It’s not hard to understand.
16/70
@AronDavids21591
Was a time also that Nigeria was not allowed to refine its own oil, not sure if that is still the case, but the trade deal forced them to buy back refined oil from Europe at a much higher price.
17/70
@Mykydodo2000
Same in east Europe.
18/70
@MotsohiThabang
From domination, colonisation and finally perpetually chained through indebtedness overseen and adjudicated by their lender enforcement agencies.
19/70
@RasMiki251
@alemayehuGeda I’m sure you would ageee with Lula’s statement
20/70
@maverickvaks
A true 19th century Marxist, a humble socialist, an uncompromising revolutionary /search?q=#Lula
21/70
@mizrahi_matias
Brasil is more than welcome to loan money to African countries at a much lower rate.
22/70
@RuneSolberg8
People like this should never be granted power!
23/70
@rui_martins1966
A proputin puppet.
24/70
@r_rukaka
True. And there is no objective grounds for that situation beyond an unfair global economic structure that favours former colonial Powers at the expense of those they colonised in the Global South.
25/70
@83d27187dde7420
Create a BRICS + bank that only lends money to LDs. Do away with 'the keep them poor' lending system.
26/70
@n004477
Then they wonder why we cross the Mediterranean sea?
27/70
@buherithomas
Why borrow especially from colonisers? Why is there not an indicator of the move to liberate the continent from the chains?
28/70
@graceseb
The revolution is to have all these interest rates down to 4-8%. The 15+ we get is stealing. In here is how we might fix poverty.
29/70
@s_lonardi
Risk, idiot!
30/70
@MogadishuMade
No lies detected!
31/70
@eedriz_
It's simple, stop borrowing... But the thieves in government don't care .. they'll borrow to buy luxury cars...
32/70
@stijipoltouk
L Afrique, le trésor sans fond des parasites occidentaux
33/70
@whatsgonewith
Explain this then.
[Quoted tweet]
Top 20 US Foreign Aid recipients since 1946
34/70
@UmBencaoCadaDia
Why isn't Brazil leveraging up and pushing it's banks to do more lending in other developing economies then ? Access to credit is pretty good in Brazil.
Is it perhaps that investments in developing economies is risky.....?
35/70
@renatogiannetti
Good debt (MD)
36/70
@3pupmomma
It's called colonialism.
The modern version, operated through private companies abd central-bank policies
37/70
@Sthembiso_RSA
Our poverty is manmade and the beneficiaries are not willing to let us go free.
38/70
@amitaminem
It's the big con
39/70
@Sthembiso_RSA
40/70
@Max_Khalanga
@Bryanchelsea11 @tendaim65
41/70
@sayed_tawab
A la Usury.
42/70
@diala_peace
And afterwards they will start asking for debt relief
43/70
@Monare99
It is our money maan. They must just give it back.
44/70
@lakitukl
Reverse Robin Hood.
To be fair - the UN did shout from the rooftops quite recently "stop! wrong way! go back!" - but for some reason..
[Quoted tweet]
"rather than increase rates, which will do little to ease shortages of energy and food, policy makers should focus on measures that target price spikes directly"
wsj.com/articles/u-n-calls-o…
45/70
@JimohMutiuKola3
Hmm Africa
46/70
@Pelsrobman
Does this guy not understand risk? Rates are higher in Africa because there is a bigger risk of defaulting. Lenders want to be compensated for that risk.
47/70
@The_Scarlet_Pi
See what happened to brlusd exchange rate since the beginning of @LulaOficial and you understand why
48/70
@NgouRod
This kind of language doesn't help Africa at all . The risk premium on African countries except for some few reflect how mismanaged those countries are .
49/70
@powwower
This is disgusting
50/70
@jabuz
The open secret is the fact that the Rich ‘print’ to create a functional and cyclical economy whereas the Poor even when they ‘print’ they do create but consumer because they don’t produce but consume what the rich produce. Money is simply a means not the end.
51/70
@DoctorShange
Neocolonialism and imperialism in disguise of aid!
52/70
@benW_crazy
When the math is heartbreaking and burdens others, is it time to rethink?
53/70
@IamLungile_
High risk clients are charged higher interest by banks.
It's called risk management
54/70
@bluesofie171
Lula is an illiterate
55/70
@inTheMtnWood
And here comes a Marxist to save Sri Lanka with none other than help from the IMF.
56/70
@TrollFake16
@michael_galant Because those are LOANS - and by definition - you need to PAY IT BACK.
The more unstable you are = the higher risk = the more expensive the loan.
Germany has been always paying their debts while African states often cancelled debts after coups...
57/70
@AdriaanGennep
Our present economical & financial model is very dishonest and has approved itself as the highway to hell !
We must adapt conditions and taxes or everything can be axed
With too much competition the system works not anymore, just more conflicts and war
Do we really need more
58/70
@BavosoVincenzo
Problem 1: they do not need to borrow in the first instance. Problem 2: they should not borrow from loan sharks /search?q=#IMF /search?q=#WorldBank /search?q=#globalbanks
59/70
@asparagusn35342
Instead of the endless discussions about reparations for the damage that the west has done to other countries, I propose an immediate cancellation of all debts ' owed ' by developing countries in a full & final settlement of all obligations.
60/70
@Munchausen23
Let me rephrase that. "African Politicians steal 8x more than Germany and 4 x more than the United States "
That's why their populations stay poor, uneducated and exploited.
61/70
@fezgwayi
In South Africa it is the Black people that pay high interests, the very people who werr oppressed and needed to be given a break. I see the global order is for the poor to finance the rich even among countries
62/70
@DriicaaMR
This man is a thief!!! He is destroying the
economy!!!63/70
@Paulo_SemperFi
Empresta-lhes tu
64/70
@Leoncush
Why do we need to borrow the borrower is a slave to the lender says the old book
65/70
@ivandeventer
Why are you reposting this crap, Mike?
66/70
@marleydraque
They also go bankrupt and never pay back any of the money at much higher rates so it isn't true
67/70
@scottpsolomon
Here are 3 podcasts describing how to flip the script:
First podcast
Second podcast
Podcast 3
68/70
@esqparaosoutros
He is a thief. Don’t give voice to this old corrupt man
69/70
@newsage04
The Kenyan President doesn't care. Just pose for pictures with him and give his country another loan. Future Kenyan generations will deal with the high interests rates and costs.
70/70
@direitasnake
Foda-se!
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
Chrishaune
Veteran
It's built to take from Africa.
Everybody should know that by now.
That's why Africa has to separate.
Everybody should know that by now.
That's why Africa has to separate.