Indian entrepreneur’s struggle to fund his sons' American dream racks up $240,000 debt
https://www.indiaweekly.biz/indian-family-americandream-usdebt-trap/
#IndianFamily #USA #DebtTrap #AmericanDream #H1BVisa #USVisa #Trump
#debttrap
A pandemic rescue became a 30-year debt trap
https://thehill.com/opinion/finance/5692543-small-business-loan-debt-trap/
#HackerNews #pandemicrescue #debttrap #smallbusiness #finance #newsopinion
Sharp diagnosis, but the elephant remains. Power without accountability. Until unelected forces exit politics, debt, censorship and instability will keep feeding each other. Reform without civilian supremacy is theatre, not change.
#PakistanAtACrossroads #EndMilitaryRule #DemocracyNow #DebtTrap
https://salmanmehdijournal.blogspot.com/2025/12/pakistan-at-crossroads.html
"When you run an economy like this over centuries, there’s only so long you can punt costs onto future generations. Today, the bill for industrial export agriculture has come due. Since the 1990s, Sri Lanka’s agricultural heartland has been afflicted by an epidemic of Chronic Kidney Disease of Unknown Etiology—CKDu."
That BMW EMI didn't buy status.
It bought slavery with leather seats.
The surgeon with no loans chooses where to work.
The one with 5 EMIs works wherever pays most.
Financial chains feel like success until you try to walk away.
Debt is voluntary imprisonment.
Freedom is a paid-off life.
This data paints a sobering picture of financial vulnerability—basic needs like housing and healthcare are the biggest drivers of debt among Kerala’s poorest, far more than education or weddings. https://english.mathrubhumi.com/news/kerala/why-are-keralas-poorest-families-falling-into-debt-home-loans-and-medical-bills-top-the-list-p8d5k68z?utm_source=dlvr.it&utm_medium=mastodon #Poverty #Debt #DebtTrap #FinancialCrisis #Healthcare
The Iceberg of Wealth: Perception vs. Reality
Beyond the surface, wealth often hides exploitation, corruption, and systemic injustice.
#Wealth #Inequality #SystemicInjustice #Capitalism #Exploitation #Corruption #SocialJustice #EconomicJustice #RichVsPoor #HiddenTruth #PerceptionVsReality #PowerDynamics #DebtTrap #ManipulativeMarketing #WealthHoarding #SocialCommentary #Awareness #CriticalThinking #UnfairSystem #WakeUp
Leo the Great first articulated the “hypostatic union.” Here he considers our love towards God, and our desires to achieve a perfected love towards God. It must include love towards the neighbor, and extend to all people, whether foe or ally, slave or free, good or bad. God is bountiful to all, kind to all.
Do some argue against giving to those who are not allies?
How can you perfect godly love?
Starting May 5th, the Education Dept. will resume ruthless collections on defaulted student loans, seizing tax refunds & Social Security benefits. Millions will suffer. How many more families will be crushed by this heartless move? #StudentLoans #DebtTrap #PunishThePoor www.npr.org/2025/04/21/n...
Trump administration to resume...
Never Take Two Loans Together Without This Advice—Avoid Falling into a Debt Trap
#TycoonWorld #DebtTrap #LoanAdvice #FinancialPlanning #MoneyMatters #LoanTips #SmartBorrowing
You mean the building that looked like it disintegrated into powder (when other buildings around it didn't) during the #Myanmar/#Thailand #earthquake was a Belt and Road project?🤔#china🤷🏿♀️
#infrastructure #debttrap
Please help us out, my overdrafts and cards are maxed out from bills and I need funds for keeping us safe and fed, and making any progress on the #vulpibus - and Inamruzui is unwell.
#mutualaid is very needed right now.
#fundingrequest
#skoolie
#emergencyfunds
#debttrap
#hardtimes
#homeless
#helpfolkslive2025
#transinneed
#otherkininneed
#moneyhelp
@athamanatha on Paypal
$athamanatha on Cash app
https://ko-fi.com/athakitsune
https://patreon.com/vulpinedesigns
Zelle, IBAN and Wise also available.
Cash in person and barter, trade and gifts of what we need are also options we can work with.
Yes we are looking into food banks.
ACH is no longer advised.
614 #ClimateSolution #StrongTownSurprise
#DebtTrap #SewerBankruptcy #PennyWisePoundFoolish #Maintenance
When don't value density, you'll have to pay for it. Every yard.
"Why This Town Confronted Suburbia's Debt Trap" [24:40 min]
by Strong Towns
https://www.youtube.com/watch?v=dIcPSH7ExMM
Quote by ST:
"Nov 1, 2024 #ohio #strongtowns #maumee
Meet Maumee, our 9th Strongest Town winner. Now, a strong town is not a perfect town but one that is committed to building resilience and financial stability. So this is Maumee’s story. We hope you enjoy."
Time stamps
0:00 Prologue | What is Happening?
1:43 Chapter 1 | The Strongest Town
3:44 Chapter 2 | The Hard Truth
8:25 Chapter 3 | Drowning in Debt
17:42 Chapter 4 | Finding a Path Forward
22:35 Chapter 5 | The Benefits of Following Through
#TakeCareForLife #TakeCareForEarth
#StopBurningThings #StopEcoside
#ClimateBreakDown
Charles Spurgeon, particular Baptist preacher, on the Jubilee release of debts. The debtors would experience joy, as well as the creditors!
Some would bristle at (monetary) debt relief— no lightness of heart for you! — insisting these passages are now only spiritual analogies for us. (But then they’d object even more strongly to announcing a blanket forgiveness of our spiritual debts).
How can you give lightness of heart (or soul!) today?
Forbes: "#Trump’s leadership PAC Save America... spent $76.5 million from March 30, 2023, the date of Trump’s first indictment, through the end of February (2024)".
Trump's fundraising dries up in 2 months but his four criminal trials will continue.
This article does mention #Mining! Not surprising!
Promises and Pitfalls: #China’s Financing of the #AtewaBauxite #Mining Project in #Ghana
Author: Angela Benefo & Michael Addaney
Date Published: July 11, 2021
"The #AtewaForestReserve in Ghana is a possible site for the development of an integrated #BauxiteAluminum mine through a Chinese resource-backed loan. Despite the opportunities for infrastructure development presented by the loan, this project carries significant risks. This article draws attention to #environmental sustainability challenges and the #DebtTrap conundrum associated with the proposed arrangement.
"President Xi Jinping has touted China’s recently unveiled Five-Year Plan as his country’s pursuit of ‘ecological civilization,’ a vision of promoting environmental sustainability and enhanced human-ecological interactions within and beyond China. However, China’s ability to promote ecological civilization in developing countries in line with this Plan will be challenging due to China’s generally poor environmental protection record in such contexts. For instance, while China claims it is prioritizing environmental sustainability in Africa, the #extractive projects initiated by its private sector do not align with this stated goal. These projects serve China’s broader interests and often create environmental consequences and problematic debt, therefore requiring a more careful analysis. A Chinese-backed bauxite-aluminum mine planned for a forest reserve in Ghana highlights the debt-trap concerns and environmental sustainability challenges created by some Chinese investments.
The Challenges of #ChineseLoans across #Africa
"China continues to play an enormous role in financing massive infrastructure projects in Africa. As the world’s largest official #creditor, China and its subsidiaries have invested billions of dollars across Africa’s energy, transportation, and mining sectors. Despite China’s indispensable contributions to infrastructure development in sub-Saharan Africa, there are valid concerns over how African countries will repay these massive debts to China.
"Compared to other official lenders such as the International Monetary Fund (#IMF) and the #WorldBank, Chinese loans are less challenging to acquire. For instance, the IMF monitors the amount of debt held by a country and will not provide more loans until a country seeks debt relief. Chinese lenders have more lenient terms and allow low-income African countries to borrow large amounts without much accountability—issuing loans which may be considered too risky by the IMF and other international lenders.
"Historically, China has entered into strategic agreements with developing countries to finance development projects while collateralizing the country’s natural resources. The growing demand for external finance for important infrastructure projects—some of which are overly ambitious and unsustainable—poses great risks to African economies, which risk losing their collateral and the possibility of debt distress.
"Chinese loans are often characterized by lack of transparency. Chinese financiers set tough conditions for financing large infrastructure projects, taking advantage of vulnerable African leaders desperate to complete ambitious developmental projects. For instance, the construction of a $10 billion port project in #Tanzania was suspended after careful consideration of the terms and conditions of the Chinese loan. The project, which the former president John Magufuli called 'exploitative and awkward,' would have rented the port to the Chinese government for ninety-nine years as repayment.
"In Ghana, Chinese financing over the past two decades has spanned various sectors including power, information communication technology (#ICT), #transportation, and #agriculture. Chinese foreign direct investment is estimated to be three times the size of EU countries’ investment in Ghana. Some of these loans are backed by resources such as #cocoa and #oil. For instance, #Sinohydro has allegedly agreed to deliver $2 billion worth of infrastructure projects across the country, which Ghana would pay back with proceeds from the sale of refined bauxite. An estimated $646 million of the initial $2 billion loan have been approved for disbursement. The Ghanaian government also signed a loan commitment of $550 million in 2019. Entering these types of agreements with China demands careful consideration by the Ghanaian government."
Stranglehold of Imperialism: Inflicting Hunger and Hardship in Africa #Africa #Kenya #Sudan #IMF #WorldBank #debttrap #foodinsecurity https://countercurrents.org/2024/08/stranglehold-of-imperialism-inflicting-hunger-and-hardship-in-africa/
Let's abolish the colonial IMF on its 80th birthday #IMF #AbolishTheIMF #exploitation #debttrap #GlobalSouth #health #education #poverty #neolibetalism #inequality
https://www.opendemocracy.net/en/imf-international-monetary-fund-abolish-80-years-anniversary-debt-crisis/?utm_source=twitter
Africa’s deepening debt crisis: How Korea’s latest move would help make a difference #SouthKorea #Africa #China #trade #internationaldevelopment #WorldBank #debttrap https://www.pressenza.com/2024/07/africas-deepening-debt-crisis-how-koreas-latest-move-would-help-make-a-difference/
#DebtPayments by the 50 countries most vulnerable to the #ClimateCrisis have doubled since the start of the #CoronavirusPandemic and now stand at their highest level in more than three decades, campaigners have warned. #DebtTrap
#DebtPayments by countries most vulnerable to #ClimateCrisis soar
https://www.theguardian.com/world/article/2024/jun/03/debt-payments-by-countries-most-vulnerable-to-climate-crisis-soar
Client Info
Server: https://mastodon.social
Version: 2025.07
Repository: https://github.com/cyevgeniy/lmst