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http://bitcoinmacroeconomics.com/2014/12/09/dependency-and-international-lending-institutions/
An original from Bitcoin Macroeconomics www.bitcoinmacroeconomics.com
By Bitcoin Macroeconomics (from 2009)
Around the world, it’s not just the poorest nations that are going bankrupt. First world nations are going broke, the United States, the UK and Ireland are, while others have collapsed already including Iceland. Despite funding from international lending agencies, many third world countries and now first world countries are facing consequences of loan sharking, and as a result, they are falling prey to those ready to take advantage of them in the name of profit. International lending agencies such as the International Monetary Fund (IMF), the World Bank, and the Federal Reserve continue to provide financial assistance to these countries on a regular basis, yet these counties remain indebted. Annually, trillions of dollars are now lent for the sake of “development” or “bailout”, however the facts remain; the governments lack of stability and their economies and currencies are in shambles, while the people of these countries are dying of malnutrition, they lack adequate drinking water, housing, medical assistance and education. With as much monetary “aid” or “stimulus” that is being lent by foreign sources, the question is raised, why have these countries allowed themselves to remain poor and indebted, and in many cases underdeveloped or at a loss of liberty, both politically and economically?It is quite apparent the conflict of interest that international lending agencies hold over borrowing countries, and it can be said that these international agencies do more harm than good, while they perpetuate poverty in these already poor countries, let alone the supposed richest of the developed world. These agencies are responsible for the exploitation of the people and the land, while they also leave these countries dependent upon yet more ‘aid’ year after year. The United States is no exception.
All borrowing nations are in a no-win situation. They will continue to borrow time and time again, and for this reason, these countries have become increasingly more dependent upon this aid. On this note, the theory of development which will be discussed is that of the dependency perspective. I’m favoring this theory for I believe that borrowing nations are in fact dependent upon the banking institution, enslaving entire countries in the process.
Under the leadership of the United States and Great Britain, these lending institutions were devised in order to rebuild the European economy which had been devastated by the war. Today, these lending agencies and others play major roles in the international arena of loan sharking. International banks in collaboration with commercial banks and wealthy first world countries, lend monetary aid for development or bailout, however they also can impose interest rates as high as sixteen, seventeen, and eighteen percent. When these nations borrow, and that includes the United States or Britain, they stand to fall further and further in debt as a result of over ambitious plans for development or stimulus. For this reason, interest rates alone are one condition imposed by lenders that further the debt crisis of debtor nations. In reality, the underlying factors that are responsible for the inability of repayment vary from country to country, however lending institutions impose certain conditions that supposedly curtail the defaulting of loans. These conditions are known as ‘structural adjustment’ policies. These bankrupt countries will not be credited with more aid unless they allow for these structural adjustment programs, and if they do not – they face a serious problem. The problem is these countries will give up their sovereignty, power, and control of their own economies. As a condition of further loans, eventually these imposed adjustments take place within debtor nations through their institutions and economies, and according to creditors, these adjustments will help these countries work their way out of debt and into prosperity. They have been saying this for years with Second and Third World countries, now it’s soon to be most all the world. These reforms may include the selling off of public resources, the removal of subsidies and price controls, constraints on governmental spending, deficit reduction, exchange rate adjustments, and the reduction of government control with regard to the economy. (Africa 5)
The people of these debtor nations are becoming increasingly affected by these lending policies and they face further destabilization as a result of these practices. Many will lose their sovereignty by way of economic policy, none of which will attempt to achieve self-sufficiency. It will be seen in time if these nations, including the United States and many European countries, fall deeper and deeper into debt as a result of this financial dependency.
(“Structural Adjustment.” Africa News Dec. 25, 1985)
1BwkE3vHK8Y4zrcekw9hRJ9USwhoYQVZHw (BTC)
Donate Bitcoin if you liked my article! Fight Back! Donate to the cause.
NOW READ THIS ONE as it relates to STRUCTURAL ADJUSTMENT POLICIES TO STEAL APACHE LAND….From the DAILY PAUL & Ralph Hornsby
http://www.dailypaul.com/330474/mcc...e-land-tribe-didnt-know-about-until-last-week
House Approves Bill to Give Apache Lands to Foreign Corporation
On December 4th, the House passed the National Defense Authorization Act (NDAA) which included a provision to transfer 2,400 acres of Apache ancestral and ceremonial lands to a foreign mining company.
Prior to the House vote, the House and Senate Armed Services Committee attached a provision to the NDAA that would transfer Apache ancestral lands located in the Tonto National Forest to Resolution Copper, a subsidiary of Rio Tinto an Australian-English mining company. Sen. John McCain (R- AZ) was instrumental in pushing to get the provision language included.
Apache leaders learned of the inclusion of the provision to the NDAA while attending, ironically, the White House Tribal Nations conference.
——————————————————————–
Editor’s note…make no mistake about it. These are backdoor deals, only this was under the guise of NDAA….
How about we stand for the sovereign rights of the Apache? Will you rise?
An original from Bitcoin Macroeconomics www.bitcoinmacroeconomics.com
By Bitcoin Macroeconomics (from 2009)
Around the world, it’s not just the poorest nations that are going bankrupt. First world nations are going broke, the United States, the UK and Ireland are, while others have collapsed already including Iceland. Despite funding from international lending agencies, many third world countries and now first world countries are facing consequences of loan sharking, and as a result, they are falling prey to those ready to take advantage of them in the name of profit. International lending agencies such as the International Monetary Fund (IMF), the World Bank, and the Federal Reserve continue to provide financial assistance to these countries on a regular basis, yet these counties remain indebted. Annually, trillions of dollars are now lent for the sake of “development” or “bailout”, however the facts remain; the governments lack of stability and their economies and currencies are in shambles, while the people of these countries are dying of malnutrition, they lack adequate drinking water, housing, medical assistance and education. With as much monetary “aid” or “stimulus” that is being lent by foreign sources, the question is raised, why have these countries allowed themselves to remain poor and indebted, and in many cases underdeveloped or at a loss of liberty, both politically and economically?It is quite apparent the conflict of interest that international lending agencies hold over borrowing countries, and it can be said that these international agencies do more harm than good, while they perpetuate poverty in these already poor countries, let alone the supposed richest of the developed world. These agencies are responsible for the exploitation of the people and the land, while they also leave these countries dependent upon yet more ‘aid’ year after year. The United States is no exception.
All borrowing nations are in a no-win situation. They will continue to borrow time and time again, and for this reason, these countries have become increasingly more dependent upon this aid. On this note, the theory of development which will be discussed is that of the dependency perspective. I’m favoring this theory for I believe that borrowing nations are in fact dependent upon the banking institution, enslaving entire countries in the process.
Under the leadership of the United States and Great Britain, these lending institutions were devised in order to rebuild the European economy which had been devastated by the war. Today, these lending agencies and others play major roles in the international arena of loan sharking. International banks in collaboration with commercial banks and wealthy first world countries, lend monetary aid for development or bailout, however they also can impose interest rates as high as sixteen, seventeen, and eighteen percent. When these nations borrow, and that includes the United States or Britain, they stand to fall further and further in debt as a result of over ambitious plans for development or stimulus. For this reason, interest rates alone are one condition imposed by lenders that further the debt crisis of debtor nations. In reality, the underlying factors that are responsible for the inability of repayment vary from country to country, however lending institutions impose certain conditions that supposedly curtail the defaulting of loans. These conditions are known as ‘structural adjustment’ policies. These bankrupt countries will not be credited with more aid unless they allow for these structural adjustment programs, and if they do not – they face a serious problem. The problem is these countries will give up their sovereignty, power, and control of their own economies. As a condition of further loans, eventually these imposed adjustments take place within debtor nations through their institutions and economies, and according to creditors, these adjustments will help these countries work their way out of debt and into prosperity. They have been saying this for years with Second and Third World countries, now it’s soon to be most all the world. These reforms may include the selling off of public resources, the removal of subsidies and price controls, constraints on governmental spending, deficit reduction, exchange rate adjustments, and the reduction of government control with regard to the economy. (Africa 5)
The people of these debtor nations are becoming increasingly affected by these lending policies and they face further destabilization as a result of these practices. Many will lose their sovereignty by way of economic policy, none of which will attempt to achieve self-sufficiency. It will be seen in time if these nations, including the United States and many European countries, fall deeper and deeper into debt as a result of this financial dependency.
(“Structural Adjustment.” Africa News Dec. 25, 1985)
1BwkE3vHK8Y4zrcekw9hRJ9USwhoYQVZHw (BTC)
Donate Bitcoin if you liked my article! Fight Back! Donate to the cause.
NOW READ THIS ONE as it relates to STRUCTURAL ADJUSTMENT POLICIES TO STEAL APACHE LAND….From the DAILY PAUL & Ralph Hornsby
http://www.dailypaul.com/330474/mcc...e-land-tribe-didnt-know-about-until-last-week
House Approves Bill to Give Apache Lands to Foreign Corporation
On December 4th, the House passed the National Defense Authorization Act (NDAA) which included a provision to transfer 2,400 acres of Apache ancestral and ceremonial lands to a foreign mining company.
Prior to the House vote, the House and Senate Armed Services Committee attached a provision to the NDAA that would transfer Apache ancestral lands located in the Tonto National Forest to Resolution Copper, a subsidiary of Rio Tinto an Australian-English mining company. Sen. John McCain (R- AZ) was instrumental in pushing to get the provision language included.
Apache leaders learned of the inclusion of the provision to the NDAA while attending, ironically, the White House Tribal Nations conference.
——————————————————————–
Editor’s note…make no mistake about it. These are backdoor deals, only this was under the guise of NDAA….
How about we stand for the sovereign rights of the Apache? Will you rise?
