{ "item_title" : "The Debt Trap", "item_author" : [" Nicholas Holt "], "item_description" : "The world is drowning in debt - and the reckoning is coming.Sovereign debt has become the silent crisis of our age. The United States owes $35 trillion. China's hidden local-government debt may exceed $15 trillion. Europe's south remains shackled to German credit. And dozens of emerging markets are one interest-rate hike away from default.In The Debt Trap, Nicholas Holt delivers the first truly global account of how nations borrowed their way to prosperity - and why the bill is about to come due. Drawing on central bank data, IMF reports, and on-the-ground reporting from capitals in crisis, Holt reveals the architecture of a financial system built on borrowed time.Inside, you will discover: How the United States transformed from the world's largest creditor to its largest debtor - and why the dollar's dominance makes the trap worseChina's hidden debt bomb: local government financing vehicles, shadow banking, and the property sector's slow-motion collapseDebt-trap diplomacy exposed: when lending becomes a weapon of geopolitical coercionThe IMF's impossible dilemma: bailouts that save economies but destroy governmentsCorporate debt's role in the coming crisis: leveraged buyouts, zombie companies, and the end of easy moneyThe book explores three possible futures: The Orderly Deleveraging: A generation of austerity, inflation, and managed defaultsThe Debt Jubilee: Mass forgiveness that reshapes the global financial orderThe Chaotic Default: A cascade of sovereign failures that triggers a new depressionFor investors, policymakers, and citizens who need to understand the forces that will shape the next decade, The Debt Trap is the essential roadmap.", "item_img_path" : "https://covers2.booksamillion.com/covers/bam/9/79/819/887/9798198872721_b.jpg", "price_data" : { "retail_price" : "21.99", "online_price" : "21.99", "our_price" : "21.99", "club_price" : "21.99", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

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