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Hot Money and the Politics of Debt explored globally
Montreal economist R T Naylor describes hot money as a vast, elusive pool equal to 10 percent of world trade that vanishes from official statistics. The piece notes sources from crime to covert operations, banks in secretive jurisdictions, and the toll on the world’s poorest as debt grows toward a trillion dollars with few easy solutions.
MENTIONED IN THIS ARTICLE
U.S
Montreal
R.T. Naylor
Churchill Forest
Manitoba
Philippines
Marcos
Globe
Vatican
Central America
Royal Bank of Canada
Caribbean
Switzerland
Panama
Hong Kong
Cayman Islands
Peekaboo Finance
Naylor
Haile Selassie
Ethiopia