Friday, August 19, 2011
Third World Debt?
No one in the western world is interested in removing or even reducing the debt. Debt is the new form of slavery. The world bank and the IMF were founded in order to facilitate this. We all know from history that slavery is a huge factor in cheap production. In earlier times we got the slaves into our country and made them work. The ugly side effects were hangings, civil war and the entire rat's tail that followed. People in the 1930's found that this is unacceptable and understood that they had to devise a way to have slaves, but without having them in our country. So the world bank and the IMF were invented to keep foreign countries at debt at all times. Loans are given to countries without expecting them to pay it back ever. Then loans are being re-negotiated, the terms of the loans stretched and new loans given so the countries can pay the interest. The interest is all that matters. Because the premium will cause interest over and over and over again. Sooner or later the country in debt will be unable to pay and will have to sell off ets such as water or other natural resources or surrender control to communication and power grids. That's when it becomes juicy for the banks that give those loans. Once those ets are in their hands they can squeeze the population at will and get their money worth hundred fold over. That is the exact point the new breed of slaves are born. This time the chains are not made of steel, but of debt.
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