Thread by @dropthedebt

One hour until this great event on debt cancellation, inequality & a People's Recovery Plan for Covid-19.

Not too late to register: eventbrite.co.uk/e/cancel-the-d…

With @FightInequality @GlobalJusticeUK and our Senior Researcher @tess_woolfenden

@FightInequality @GlobalJusticeUK @tess_woolfenden "Links between gender, tax, race weave into each other and must not be put into compartments - this is why it is important to be intersectional when looking at covid and debt"

- @NjokiNjehu from @FightInequality

"Especially with the anniversary of George Floyd's murder, I do not use this term lightly: many countries cannot breath because debt is a knee on their neck. "

- @NjokiNjehu from @FightInequality

"There is a consensus: Debt is a problem. Inequality is a problem

What we don't need to spend time and energy on is debt schemes.

We must unite, organise, build power. Act in solidarity. With covid - we are in the same storm, but not in the same boat."

#CancelTheDebt

If you haven't got tickets to this meeting - we're live tweeting - but it is being streamed live on Facebook here: fb.watch/5IYwXvdcHD/

The brilliant Njoki Njehu is wrapping up her part but there are two more amazing speakers up next.

#CanceltheDebt

Closing words from Njoki
"Collective struggles are not spectator sports - there is no audience. We must organise. In unions, religious institutions and search for justice.

The power of the people is stronger than the people in power"

✊✊✊✊

Up next: Gyekye Tanoh from the Third World Network

"The global financial system and the debt system is just a naked power play, throughout history"

You will not regret joining this event online: fb.watch/5IYwXvdcHD/

#CancelTheDebt

Gyekye Tanoh dropping some truth bombs about Britain/Europe's colonial history and debt and its relevance for today's financial system

"Asking private creditors to join debt mechanisms isnt going to work because the debt regime we have now, was structured FOR private creditors"

Slightly paraphrasing here but Gyekye's closing words:

Bond holders have to be dispossessed. The system might exclude them from accountabilty but that is why WE need to say relief is not enough. Time is running out - we need justice NOW

#CancelTheDebt

Our @tess_woolfenden up now!

Going through some of the worst offenders in terms of Private Creditors.

#CancelTheDebt

@tess_woolfenden Our Tess reminding us that for Zambia, if/when they pay their debt repayments to private creditors - those creditors will make a whopping 250% profit.

Power inequality to the extreme.

#CancelTheDebt

@tess_woolfenden Why Debt relief isnt enough:

- Debt relief makes debts more sustainable
- The borrower country can ask for relief, but the private lenders can refuse
- Vulture Funds and Banks can then take the country to court if they cannot pay

- Tess Woolfenden : facebook.com/watch/live/?v=…

@tess_woolfenden

@tess_woolfenden Unfortunately I won't be able to attend the q&a so do join online NOW not to miss out:

facebook.com/watch/live/?v=…

Thanks to @GlobalJusticeUK and all the amazing speakers.

I've been Zak, live tweeting for your pleasure. Have a good night all!

#CancelTheDebt #DropDebtSaveLives

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