Posts Tagged ‘international aid organizations’

Considering the vast sums of money that go through the coffers of the international aid organizations, the corruption aspect is another part of the equation that cannot be ignored. As we point out in our book BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt, human greed is normally found wherever large financial transactions occur.

 

Are these starving Liberian children getting a fair go?

 

An excerpt from Bankrupting the Third World  follows:

The hierarchy of the international aid organizations claims to be aware of the problem and on top of it. For example, in a press release from the World Bank itself, dated December 19, 2013, World Bank President Jim Yong Kim states that corruption is “Public Enemy Number One” in Developing countries.

“We will never tolerate corruption,” Kim goes on to say, “and I pledge to do all in our power to build upon our strong fight against it.”

That’s all well and good, but what happens if the corruption is closer to home? In other words, if there are, as we suggest, corrupt elements operating within the highest echelons of the World Bank and other such aid organizations? What then? Which organization would have the nous, or wherewithal, or, for that matter, the will to root out corruption within such charitable “corruption-busting” institutions?

The World Bank has much to answer for we suspect.

A 2012 Forbes article headlined ‘World Bank Spins Out Of Control’ calls that organization “one of the world’s most powerful institutions – charged with saving the world’s poor – but also one of its most dysfunctional”.

The enlightening article also refers to the World Bank as “an endlessly expanding virtual nation-state with supranational powers,” and states there is “little oversight by the governments that fund it”.

The article goes on to say that “FORBES has also discovered a whole layer of bank officials who have learned how to game the system or expand their influence through its constantly revolving doors. It’s not unlike the way that U.S. officials retire and then go to work for the contractors they associated with while in government service”.

A 2013 article by Alex Newman, foreign correspondent for The New American, was even more critical of the World Bank and its lack of ability to stamp out corruption. It reads, in part, as follows:

“A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve.

“The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts”.

The article continues, “Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. ‘What is really going on is that the world’s resources are being dominated by this group…At the heart of the network are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks…This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about…The central bankers have been gaming the system. I would say that this is a power grab’.”

Hudes is also quoted as saying the cartel of elite international banksters use the Fed and major private banks, in collaboration with other financial institutions such as The World Bank and the BIS (Bank for International Settlements), to complete shady financial deals, manipulate gold prices and conduct various other monetary deceptions.

Unfortunately, such articles represent just a tiny fraction of the reported and/or confirmed corruption cases occurring year after year within the international aid organizations.

And yet, there has been no serious investigation or detailed audit of them just as there has never been a proper audit of the privately-owned US Federal Reserve.

Could that be because the same leaders charged with keeping such financial institutions honest are the very people who are making trillions of dollars off concealing the ongoing corruptions?

T.B.C.

 

BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt (The Underground Knowledge Series Book 6)

 

Bankrupting the Third World  is exclusively available via Amazon: http://www.amazon.com/BANKRUPTING-THE-THIRD-WORLD-Underground-ebook/dp/B0176UHWH0/  

 

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Western nations are extremely generous in assisting the development of the Third World, and they are never shy of giving vast sums to poorer nations in times of need. But what if much of this aid is not charitable, but selfish? What if it isn’t actually giving, but taking? What if most of the generosity has serious strings attached – strings designed to fleece vulnerable nations? We ask these questions, and more, in our new release book BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt.

Africa’s poor…drowning in a sea of debt.

The following excerpt from Bankrupting the Third World  examines the motives behind the “generosity” extended to Third World nations:

Few would argue that Third World countries get a raw deal. To highlight just one industry on one continent, blockbuster movies like the Leonardo DiCaprio-headlined ‘Blood Diamond’ have spotlighted the corruption that flourishes in Africa’s multi-trillion dollar diamond industry.

However, we are aware that to suggest the likes of the IMF and the World Bank are scams designed to subjugate Third World countries may sound ridiculous. Right? Well, do the research and you’ll find, as we did, that many globalization commentators concur the suggestion is not remotely ridiculous…

Our alternative version of international aid suggests that money given or loaned by international organizations like the IMF and the World Bank is no different to banks dolling out credit cards to individual customers. And just as banks offer credit to customers so that they (the banks) can make money, this theory also suggests these big, so-called aid organizations are purely profit-motivated and not remotely charitable.

Let’s explore this comparison a little deeper…

Banks know that some customers will pay off their credit cards quickly without incurring much interest. They also know a small percentage will have to be written off as bad debts, and they allow for this in their profit forecasts.

However, the vast majority of customers who take on new credit cards will be indebted to the bank for months, years or even for the rest of their lives. Some of these customers will manage, barely, while some will be completely snowed under and one step away from bankruptcy.

Banks make the bulk of their profits by keeping most of their customers in this perpetual cycle of paying off interest, and that’s why they regularly offer customers more credit – even, or especially, customers who are already having trouble getting themselves out of the debt cycle and who can least afford it.

Following this analogy, on the international stage the World Bank, the IMF and First World governments are the equivalent of smaller, personal banks, and impoverished Third World nations are the equivalent of customers accepting and using credit cards.

Overall, the rules are virtually identical: foster a reliance on credit amongst those you lend to then ensure the interest rates are so extreme the debt can never be paid off.

Once impoverished Third World nations are beholden to lenders, First World governments and their allied corporations regularly demand favors in return. Those favors include relinquishing political control or simply turning a blind eye to the plunder of natural resources, or both.

Manipulating the power structure of countries is done in a multitude of ways, including rigging elections, making under-the-table payments and organizing political assassinations.

When these nations are crushed, enslaved even, beneath mountains of debt, this creates enormous ongoing revenues for the lenders through high interest rates. It also allows for untold injustices to be perpetrated by major multinational corporations – injustices such as oil companies pumping toxins into rivers, logging companies destroying entire forests, pharmaceutical giants performing illegal human experimentation, manufacturers hiring people to work in inhumane conditions in sweat shops, and in some cases employing child labor.

 

BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt (The Underground Knowledge Series Book 6)

Bankrupting the Third World  is exclusively available via Amazon: http://www.amazon.com/BANKRUPTING-THE-THIRD-WORLD-Underground-ebook/dp/B0176UHWH0/  

 

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Our next book, BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt, seriously questions whether the World Bank and other big international aid organizations help the world’s poor.

At the outset, we ask: What if much of the aid extended to impoverished nations is not charitable, but selfish, with serious strings attached – strings designed to fleece vulnerable nations?

We also ask: What if the international financial aid organizations are all gigantic scams designed to subjugate Third World countries?

The answers may surprise.

Of all the statistics we uncovered during our research, one in particular has stayed in our minds throughout the writing process:

21,000 people die every day (one person every four seconds) from starvation.

That’s a sickening figure considering our research has also shown there is more than enough wealth in the world for everyone to at least receive the basic necessities of life.

Even more sickening when you consider there is more than enough wealth in the Third World for it to organically sustain itself.

We hope this book will contribute in some small way to the masses pressuring world leaders to eradicate the extreme poverty that sees millions of our fellow Human Beings – men, women and children – dying unnecessarily every year.

Read more in Bankrupting the Third Worldhttps://www.goodreads.com/book/show/26722083-bankrupting-the-third-world – Coming soon!

 

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