How Debt Broke Indonesia's Economy

is this video made by chatGPT?
repetitive points happen on the last few minutes. wtf

sering gue bilang bahwa soeharto koruptor nomor satu dunia tapi kadrun gak percaya...lihat sendiri itu sejarah dunia

A true debt trap by the West, led by Soros

Masa lalu biarlah berlalu

indonesia suffered when crisis economy 98 because Trap IMF policy,so many company & banks collaps and many people lost they job.
Thats why we never trust devil IMF again.......

DVV Nevvs made a great documentary about Asian Great Financial Crisis, there you can see the roles of Soros (suprise suprise!) and IMF destroying developing world economies.

The one who broke our economy was IMF not debt. Look at countries who accepted IMF bail out and all recipes that came with it (Thailand, S. Korea) and compare them to countries who refused to bugle on IMF demand like Malaysia. Till this very day they havent said sorry yet eventhough theyve acknowledged the grave errors.
Take this for example, The IMF told S. Korea to stop their exports, how were they going to gain money to run their economy let alone to pay for their debt? Good thing The S. Korean gov ignored the IMF advise and they managed to pay their debt.

Well thanks to 1998 financial Crisis We Indonesian People become extremely paranoid about our current debt to GDP ratio. As For Politicians, it becomes a weapon to garner Vote and Support 😆.

Indonesian Export start growing again... Good job !

Corruption is too widespread among politicians.
It'll, however, grow by the sheer power of population as in China, India, and Brazil.

Stop identifying Indonesia as being totally a part of Asia

nuke@ilegalindependend

Tahun 98 hidup di perkampungan tidak terkena dampaknya.. Karena di kampung bisa swasembada pangan

My country has following the pattern of Suharto’s nepotism where the elites are their relative or close knitted group

That's what would exacly always happen if your dollarized country has a western hegemony puppet govt and carry out a capitalism or neoliberalism economy while you're country isn't a kind of anglo saxon controled state

yea just imagine a country like Brazil went bankrupt. It was that bad. We were one of the Asian tigers, yet no western scholars acknowledged it. Only South Korea, Taiwan, Singapore were mentioned probably because we were considered irrelevant due to our skin color :). That is White Supremacy.

Progress on a macro scale, yes, but wealth distribution remains poorly managed. Gotta love how these small incremental improvements the lower economic class received managed to blind them from realizing that the regulations currently in place largely benefit corporations. In the end, not much has changed since 1997.

I still remember that. Market shelves were empty, people queued outside ATM, prices soared in a night, poor people were angry everywhere ... .

Indoensia under soeharto increasing debt to improve the economy, but they corrupt , 32 years under soeharto indoensiaa just incresing the population twice from 1965 , and now we have over populated in our country, the unnecersary population. In our country cause many problem

Too bad for Indonesia that they can't just do what America recently did. Just raise the debt ceiling...😅

Indonesia have great GDP since Several Decades but as you observe their currency is weak and the people their suffer from poverty...why? Because only Businessman got rich in Indonesia while the citizens are not

1997 crisis, 1kg pour milk before crisis 10k rupiah, when crisis 80k rupiah, this horrible for me have a baby that day.
But it's over, and hope never happened againt in the future.

If Soeharto step down in 1996 and hear scholar and student early he become National Hero instead Tyranical Dictator,Instead Push Crowning Tutut in Cabinet as next succesor and chosing Ali Sadikin(best Jakartan Governor) as succesor we can rivaling China & US current Timeline as 3rd Power

How come South Korea become one of the Southeast Asian countries ?

This is old news and of little value, wonder why it keeps appearing on my timeline

yes malaysia also got the same problem

I'm just speechless 😮

I am from Indonesia...yeah this is a painful history from , and i that person seeing this happens real time in Jakarta from my high rise office. Do not ever trust too much to IMF, WB and US and EU. We have riots, economic meltdown , fire sales of banks and companies, , East timor riot and referendum, Malaysia stole two islands from our weakened armed forces, US sanctioning our military armaments. and 25 years later ? we rebuilt our economy back and let us compare figures ; Our GDP is USD 1.4 Trlllions ( GDP PPP ) is USD 4.4 Trillions ( bigger than UK, France and No 7 in the world ) 36 months continous Current account Surplus, a balanced govt budget, Investment grade sovereign bonds, Inflation yesr to date up to may is 1.1 % ( or 4 % year to year ), 5 % GDP growth, Military strength is no 11, less dependent on sanctuon prone US military eqp, free and independent press and social media, Joins RCEP, and pretty soon BRICS. Slow walk EU FTA ( too much conditions ) , passive watcher to US led IF, non aligned ( No QUAD, No military alliances and bases ) , member of G20.

We all knows who was behind these messes, and it's not from the International Relationships

1997 financial crisis, not only in Indonesia, many Japanese, South Koreans, Chinese people committed suicide, maybe 1000s of Southeast Asians committed suicide.
- There is a possibility that Mahathir will work with Jos Soros (Jos Soros has an office in Malaysia)
- the impact of Thailand's great crisis in 1997, a lot who committed suicide, even a family.
- Major reforms in Indonesia have an impact on overall changes in Indonesia
- Malaysia until now, the corruption of Mahathir still has a big impact.
- Singapore gains a lot from mahathir free water & Malaysia is short of water.
- only banknotes with zeros increase, there is a possibility we throw away 3 zeros (1 dollar = 15 rupiah)

Admin didn't see the impact of the 1997 economic crisis as a whole in Southeast Asia... they were wrong to only expose Indonesia, 1998 was the peak of Indonesia's reforms.

American debt trap 😅

Indonesians love stealing cultural and food from others and claim its roots. very big liars especially east javanese.

The Indonesian government under Jokowi always says that the Indonesian economy is getting better and better. I know it's a Joke

BA also need to highlite how singapore foreign debt are 200% of their gdp ..

Massive Corruptions, Monopoly, oligarchies, Cronies!

Philippines is next! Syempre wag tayo papatalo 💪💪

Scott Arhardt 🎉

Was very much lower thought

Even though I was born in 1999, I still ponder about this crisis once in a while.

Indonesian Chinese learn those days in schools.. Never forget!

indonesia is big and resilient, this video is bad, greeting from vietnam.

I personally suffered from this crisis, altough being Indian and living in Europe.
I imported dyes (colors) from India into Europe, but South East Asian exporters undercut prices only to sell to have cash. They were destroying business in order to survive !

Debt fueled growth? Sounds like the US, if you can call asset price inflation 'growth'.

This is what happens when religion is more important than economy. Maybe Iran can bail them out since they seem so interested in the area

I'm worried about Indonesia's reliance on Chinese Exports of Indonesian raw materials. Chinese manufacturers have dropped demands due to Chinese economic problems

Indonesia can grow more if it works on energy supply, ports and environment which is more welcoming to foreigners

Love Indonesia 🇮🇩
From Bangladesh 🇧🇩

But as long as Indonesia is under Jokowi's administration, Indonesia has always been growing, and is the most stable economy in the world along with India. Maybe Indonesia's growth is just as usual because it only grows 5% every year. But I think it's better than other countries, which are experiencing contractions and minuses. Even now, developed countries have difficulty growing their economies, and they are always below developing countries after Covid 19

Hi? ._.