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Comments by "Yerris" (@yerri5567) on "The Myth of the Chinese Debt Trap in Africa" video.
@voooptechnical6368 You think 100% of all homeowners can pay back their debt? Whos fault is it that the homeowner cant pay back the debt? The bank or the homeowner?
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"If the bank designs the loan to be unfair or impossible to pay-back, then it's a trap (and is bank's fault)" What youre talking about here about an "impossible" pay back is basically a "high" interest rate. Chinas interests rates given to the borrowers are not "high". "They protect the lender, and never protect the borrower" Of course! Why on earth would ANY loan in this world protect the borrower? Its the lender thats in charge, its THEIR money. Their money, their terms.
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@bespokepenguin103 "We'll take your airport sure sounds ...sus" If you cant repay your mortage, doesnt your bank take your assets? ie your house? Loans between countries are in the hundreds of millions. The collateral also has to be in the hundreds of millions. What assets are worth hundreds of millions if not large infrastructure?
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