Voice of Sachin Kumar

The world is on the brink of another financial crisis, and the root cause can be traced back to the United States' mounting debt problem. According to the Institute for International Finance, global debt has reached a staggering $281 trillion in 2020, and the US is leading the way with a debt of over $50 trillion by 2030 [1] . The US government has been spending more than it earns for decades, and this unsustainable path is leading to a disastrous economic collapse. The debt crisis can lead to steep losses for banks, both domestic and international, perhaps undermining the stability of financial systems in both the crisis-hit country and others [ 2 ]. The consequences of this crisis can be far-reaching and devastating. It can trigger a chain reaction that affects not only the US economy but also the global economy, leading to unemployment, poverty, and a massive loss of wealth. The debt crisis facing the poorest countries is one facet of a colossal global debt crisis. Including the...

  Climate change is a global issue that has severe consequences for the planet, and the burden of its impact is not evenly distributed. Developing countries often bear the brunt of its effects, yet they are the least responsible for causing it. Therefore, these countries have increasingly turned to climate change data as a tool to demand aid and support from wealthier nations. In this article, we argue that developed countries must do more to support developing countries in mitigating the impact of climate change and highlight how they push their capitalist and imperialist agenda in the name of climate change. Firstly, developing countries are disproportionately affected by climate change due to their vulnerability to its impacts. They have less capacity to adapt and are often located in areas most vulnerable to climate change, such as coastal regions and arid areas. Climate change threatens the livelihoods of millions of people in these regions, from farmers whose crops are failin...

  The 2008 financial crisis was one of the worst financial disasters in modern history, and its impact was felt around the world. The crisis was caused by a combination of factors, including subprime lending, the housing bubble, and complex financial instruments. However, at the heart of the crisis was greed, corruption, lack of transparency, and incompetence. The crisis exposed the fact that institutions could not always be trusted, and that the public needed to be vigilant and informed in their financial decisions. One of the most shocking aspects of the crisis was how certain individuals and institutions profited from it while investors were bleeding. For example, Goldman Sachs made a profit of $3.7 billion by betting against the housing market, while investors lost their homes and savings. CEO Lloyd Blankfein received a $67.9 million bonus in 2007, the year before the crisis hit, while his company was selling toxic mortgage-backed securities to investors. Similarly, the CEO of ...

The ongoing conflict in Ukraine is a tragic example of how political agendas and geo-political interests can drive nations to war. The conflict is primarily a battle for control over Arctic resources, with Russia and Ukraine being the main players. However, the involvement of NATO, the United States, and other external actors has only added to the complexity of the situation. The conflict in Ukraine dates back to the Orange Revolution of 2004, which undermined the legitimacy of Ukraine's democratic institutions and opened the door to further interference by external actors. Ukraine's aspirations to join NATO were also a major factor that led to the conflict. Russia has long seen NATO's expansion as a threat to its national security, and Ukraine's accession to the alliance would have been seen as a direct threat to Russian interests. The annexation of Crimea in 2014 was a major turning point in the conflict. Ukraine could have avoided this outcome by finding a peaceful s...