“Germany’s debt was cancelled, why not the Global South’s?” is a common rallying cry During the 1953 London Debt Agreement \*half\* of German debt was written off The cancellation was more than 20% of national GDP and helped the German economic miracle amp.theguardian.com/commenti… (

the Guardian

The Guardian view on Germany’s economic miracle: it was built on debt relief | Editorial

Editorial: Cancelling loans put the Wunder into Wirtschaftswunder. Treat poor nations the same today

) https://nitter.moomoo.me/gladstein/status/1653748575560429574#m

**Response to @gladstein:** Of course, no Global South country is permitted to do such a thing today Also important: the debt that Germany had racked up wasn’t for peaceful development, it was debt incurred for fighting WWI and launching WWII and the Holocaust https://nitter.moomoo.me/gladstein/status/1653748577863192576#m

**RT @FedGuy12:** Treasury is thinking about issuing $1t in bills the next 6 months (provided debt ceiling resolution). This can potentially drain the RRP and add lots of liquidity into the banking sector, if MMF are the marginal buyers (they have not been and may not be). https://nitter.moomoo.me/FedGuy12/status/1653741424251387904#m