[Verse 1] August nineteen eighty-two, a telegram shakes the hemisphere Silva Herzog picks the phone up, says Mexico can't pay this year Volcker cranked the rate past twenty, chasing dollars home to stay Peso debt turned into anvils, and the whole continent gave way [Verse 2] Call it the lost decade, growth erased like chalk rubbed off a slate Inflation ate the paychecks while the bankers calculated fate Eighty-five, Jim Baker's plan says lend them more, keep them afloat Private banks just shook their heads — nobody wanted that old boat [Chorus] Долг, долг, dolg that multiplies Brady bonds wearing a borrowed disguise Zero-coupon Treasury locked inside a vault Это наш консенсус — Washington calls it growth Dolg stal bumagoi, debt became a trade Sign here, señor, and the ledger's remade [Verse 3] Nineteen eighty-nine, Nicholas Brady rewrites the whole equation Swap your shaky loans for bonds, discount or par, your own creation Treasury zeroes guarantee the principal sleeps safe and sound Mexico steps through first in ninety — the pilot leaves the ground [Verse 4] IMF says tighten, open, privatize — conditionality's refrain Telmex sold in ninety, Carlos Slim collects the whole phone chain YPF goes public, ninety-three, Argentina's oil wears a new name Debt pressure turns to auction block — the fire sale gets a friendly frame [Chorus] Долг, долг, dolg that multiplies Brady bonds wearing a borrowed disguise Zero-coupon Treasury locked inside a vault Это наш консенсус — Washington calls it growth Dolg stal bumagoi, debt became a trade Sign here, señor, and the ledger's remade [Bridge] Каждый кризис — это рынок, every crisis clears a room Продают, что было общим — selling what was never doomed This is the ledger speaking, calm, not loud Debt rewrites exactly who gets to own the crowd [Verse 5] From moratorium to bond swap, from bond swap to the selling spree Washington Consensus wrote the rulebook, called it remedy Collateral trust in paper zeroes, conditionality's long chain Latin ledgers learned the lesson: debt decides who holds the reins [Verse 6] Ninety-four, the peso crashes, tequila effect spreads like flame Brazil's Real Plan holds the line, but inflation whispers Argentina's name Two thousand one, convertibility breaks, the dollar peg dissolves to dust Corralito locks the savings, default writes new terms of trust Buenos Aires streets erupt — cacerolazo, pots and pans IMF stands at the border, counting what's left in its hands The ledger never closes, only turns another page Each default becomes the preface to the next refinancing age [Outro] Dolg, dolg — the bond remembers Silva Herzog, August embers Brady's zeroes, Slim's phone line Washington Consensus, sign, sign, sign [Chorus] Долг, долг, dolg that multiplies Brady bonds wearing a borrowed disguise Zero-coupon Treasury locked inside a vault Это наш консенсус — Washington calls it growth Dolg stal bumagoi, debt became a trade Sign here, señor, and the ledger's remade
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