Underground Knowledge — A discussion group discussion

Excerpt from BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt:

“Western governments tax their citizens to fund the World Bank, lend this money to corrupt Third World dictators who abscond with the funds, and then demand repayment which is extracted through taxation from poor Third World citizens, rather than from the government officials responsible for the embezzlement. It is in essence a global transfer of wealth from the poor to the rich. Taxpayers around the world are forced to subsidize the lavish lifestyles of Third World dictators and highly-paid World Bank bureaucrats who don’t even pay income tax.” –Ron Paul’s statement at the World Bank Hearing, May 22, 2007

Some of the dirty economic tactics used against vulnerable nations are examples of modern imperialism in action.

This is especially true with the US, which is in many ways the world’s last remaining superpower. With hundreds of military bases worldwide and untold intelligence agents strategically placed in almost every country on Earth, the American empire is unlike any other.

Unfortunately, America’s foreign activities all too often result in large amounts of collateral damage.

If we are ruffling any patriotic feathers in this chapter then you’re viewing it all wrong because the reality is no powerful country – be it the US or the UK, Russia or France – is immune to financial domination from the likes of the World Bank and the IMF.

The recent financial austerity measures placed upon EU nations like Portugal, Greece and Spain are prime examples of this.


America not immune

There’s no reason to suggest if a country like the US slipped into a deep enough economic recession that corrupt international financial organizations would not swoop to enslave Americans in a web of debt. In fact, many conspiracy theorists, and more than a few economists, believe this is already happening to America.

The key point is nearly all the decisions to commit these destructive acts against Third World countries, and other vulnerable nations, are made above governmental level. And above countries, too. For it’s not about governments or countries and, in truth, it never really was. It’s simply about the powerful global elite who secretly rule the media, the politicians, the political parties, the governments and ipso facto, the countries.

The privileged individuals and families who comprise the global elite will happily bankrupt their own countrymen, decimate their own communities and evict their neighbors from houses in their desperate bid to increase their wealth.

Call us cynics, but it’s hard not to be cynical when assessing a world managed mostly by sociopathic, greedy political leaders who are almost solely focused on increasing their own money and power.

IMF will refuse to join Greek bailout until debt relief demands are met -- http://www.theguardian.com/business/2...

Re the article above, who thinks Greece will eventually slip toward Third World status? Could that happen in a modern EU country?

Unholy Trinity: The IMF, World Bank and WTO

Interesting interpretation of "lifeline" by Reuters...

Reuters: Greece gets credit lifeline, IMF joins bailout http://www.reuters.com/article/us-eur...