Hot Money and the Politics of Debt

A provocative exploration of the sordid underside of international debt. A ball of money rolls around the world. It seeks anonymity and political refuge: it dodges taxes and sidesteps currency controls; it rolls through shell companies and numbered accounts, phony charities and religious foundations. And as the ball of hot money grows, so too does the international debt crisis. For hot money and the international debt are two sides of the same devalued coin.