More Detailed Calculation But Still Simple Because It Does Not Account For Unknown Details Of The Bonds
40-years, $750,000,000 at 8.875%. This is 66.6 million interest per year. This is 2.7 billion over 40 years. Total payback is 3.4 billion, just for borrowing $750 million at a high interest rate. 6-years, $1,250,000,000 at 6.375%. This is 80 million annual interest. This is 480 million over 6 years. Total payback is 1.7 billion just for borrowing 1.2 billion at a high interest rate. 14-years, $1,000,000,000 at 8%. This is 80 million annual interest. This is 1.1 billion over 14 years. Total payback is 2.1 billion, just for borrowing 1 billion at a high interest rate. So as you can see, if these bonds run their course, the country of Ghana will have borrowed $3 billion and paid back $7.2 billion. With this type of economics no one can get ahead, no not even us individuals who borrow money for vehicles and houses and for going to college and for weddings and for other reasons that don't generate income to pay for themselves. Plus there's the "I'm stuck in the revolving door of credit card loans" that keeps us living too large on paychecks too small. These are the two lessons that are the same lesson for individuals and collectives (governments, countries). You can be certain that in this kind of government that makes these kind of deals, that most of the projects the loans (bonds, investments) are used for will be spent in ways that don't generate revenue to pay for the interest or the principals. If we were to investigate the totality of all financial arrangements of this country, we'd be certain to find a hot mess of messed up deals. Kinda like a never-ending payday loan situation and rent-to-own agreements. Thus, with each one of these type deals there is an attrition and cannibalizing of the government bank account, thus putting Ghana in the same declining unstable duct tape position as the USA, thus leaving Ghana and similarly-situated countries, with only five options.1. Murder, coerce, bully and trick other countries the way your partners are doing to support themselves.
2. File global bankruptcy, thus give in to being an overt slave plantation for your debtors.
3. Keep playing the false sense of sovereignty game.
4. Get revolutionized by citizens who take back their country by any means necessary.
5. After #4, then help other countries do the same to unite as Africans and re-evolution the planet.
