Posts Tagged ‘World Bank’

Bankrupting the Third World, our sixth book in The Underground Knowledge Series, has been translated into Spanish, and the ebook version – titled Arruinando al Tercer Mundo – has been published internationally.

Dedicated to the impoverished in forgotten places of the world, this book questions whether the likes of the World Bank, the International Monetary Fund, the United States Agency for International Development and other big international aid organizations help or hinder the world’s poorest people.

It also questions whether the aid packages provided are genuine or whether they are scams designed to subjugate Third World countries.

For our Spanish followers, a brief synopsis of Arruinando al Tercer Mundo  follows:

Los Morcan revelan que hay una agenda oculta y vil en juego, donde la “generosidad” extendida por organizaciones de ayuda internacional para asistir al desarrollo del Tercer Mundo y proveer alivio en la eventualidad de desastres naturales no sea caridad, sino egoísmo, con varios hilos atados… hilos diseñados para esquilar naciones vulnerables.

El lector encontrará al popular Sicario Económico John Perkins y encontrará que su bestseller “Confesiones de un Sicario Económico” es vigente, particularmente en África.

Al escribir este libro, los autores fueron motivados por unas estadísticas escalofriantes: 21,000 personas mueres de hambre cada día. ¡Eso es una persona cada cuatro segundos!

Más escalofriante es el hecho de que tales muertes son innecesarias, dado que hay más que suficiente riqueza en el mundo para que todos cubran, al menos, las necesidades básicas de la vida, y más que el Tercer Mundo se sostenga orgánicamente a sí mismo.

Para cuando termines este libro, verás que hay tanta riqueza en el Tercer Mundo, como en el Primero. De hecho, términos como “Tercer Mundo” y “naciones pobres” están, esencialmente, equivocados, ya que implican que la riqueza y los recursos son limitados en estos lugares.

 

bankrupting-3rdworld-spanish-ebook-cover

The book as it appears on Amazon: https://www.amazon.com/Arruinando-al-Tercer-Mundo-Spanish-ebook/dp/B01MYNBX4U/

 

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Those who have already read Bankrupting the Third World, our sixth book in The Underground Knowledge Series, will have picked up on the fact we believe world poverty can be fixed – and fixed quickly.

Just one of many starving children in war-torn Syria right now.

 

Here’s an excerpt from the book, which, hopefully, clarifies why we are so confident there is a quick fix for world poverty:

Some of you may be doubting our sanity about now. At the very least, you’ll be thinking we are underestimating the task at hand, and that poverty’s far too big a challenge to solve any time soon.

But consider this for a moment: the United Nations Development Program estimated in 1998 that it would only cost an additional US$40 billion above current aid payments at the time to completely eradicate poverty as we know it. This figure was broken down as per the following necessary (US dollar) payments: $13 billion extra for every person on Earth to have enough food as well as access to basic health care; an additional $12 billion to cover reproductive health for all women worldwide; $6 billion extra to provide basic education for all; and an additional $9 billion to provide clean water and sanitation for every man, woman and child on the planet.

Now that $40 billion figure was in 1998 dollars, of course, and the world’s biggest problems have arguably gotten worse since then. So let’s allow for inflation and let’s also assume the UN underestimated the amount required.

Let’s say $200 billion dollars, or five times what the UN estimated, is needed over and above current aid payments. To our eyes, that seems a small price to pay for what would undoubtedly be the greatest moment in human history.

Two hundred billion is also a fraction of the cost governments of major nations like China, the US, Russia and the UK each spend on their annual military budgets. By some estimates, the Afghanistan conflict alone has cost America more than a trillion dollars, with all wars since 9/11 said to have cost America several trillion dollars.

Unfortunately, waging wars is clearly a far bigger priority than ending poverty.

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“About 21,000 people die every day of hunger or hunger-related causes, according to the United Nations. This is one person every four seconds … Sadly, it is children who die most often. Yet there is plenty of food in the world for everyone. The problem is that hungry people are trapped in severe poverty. They lack the money to buy enough food to nourish themselves. Being constantly malnourished, they become weaker and often sick. This makes them increasingly less able to work, which then makes them even poorer and hungrier. This downward spiral often continues until death for them and their families.” –Official statement on the poverty.com website as at February 2014

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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: How the Global Elite Drown Poor Nations in a Sea of Debt  is available exclusively via Amazon: http://www.amazon.com/BANKRUPTING-THE-THIRD-WORLD-Underground-ebook/dp/B0176UHWH0/  

 

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In our book BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt  we draw readers’ attention to some of the dirty economic tactics used against vulnerable nations. We single out the US for special mention – not because we are anti-American (we’re not) but because America’s foreign activities all too often result in large amounts of collateral damage.

 

 

Here’s a relevant excerpt from Bankrupting the Third World:

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.

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“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

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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.

TBC

 

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 Book #6 in The Underground Knowledge Series  and is available exclusively via Amazon: http://www.amazon.com/BANKRUPTING-THE-THIRD-WORLD-Underground-ebook/dp/B0176UHWH0/  

 

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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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Dedicated to the impoverished in forgotten places of the world, the new release book BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt  questions whether the likes of the World Bank, the International Monetary Fund, the United States Agency for International Development and other big international aid organizations help or hinder the world’s poorest people.

Bankrupting the Third World  also questions whether the aid packages provided are genuine or whether they are scams designed to subjugate Third World countries. And it exposes the culture of corruption within the aforementioned aid organizations and the arrogance with which they treat their Third World ‘clients.’

An excerpt from the book’s blurb follows:

The Morcans reveal there’s a nefarious hidden agenda at play whereby the ‘generosity’ extended by international aid organisations in assisting the development of the Third World and providing relief in the event of natural disasters comes with serious strings attached. Strings designed to fleece vulnerable nations.

The reader is reminded the economic hit men popularized in John Perkins’ 2004 bestseller ‘Confessions of an Economic Hit Man’ are still alive and well – in Africa in particular.

Bankrupting the Third World  puts two poverty-stricken nations under the magnifying glass to reveal the long-term impact of being the recipient of substantial financial aid from the West. The resulting debt accrued by these nations may surprise even the most skeptical reader.

In writing this book, the authors were motivated by one sickening statistic: 21,000 people die from starvation every day. That’s one person every four seconds!

More sickening is the fact such deaths are unnecessary given there is more than enough wealth in the world for everyone to at least receive the basic necessities of life, and more than enough in the Third World for it to organically sustain itself.

By the time you get to the end of this book you’ll see there’s as much wealth to be found in the Third World as there is in the First World. In fact, terms like ‘Third World’ and ‘impoverished nations’ are essentially misnomers as they imply wealth and resources are limited in these forgotten places. The authors aim to dispel that myth once and for all.

It’s hoped Bankrupting the Third World  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.

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: How the Global Elite Drown Poor Nations in a Sea of Debt  is exclusively available via Amazon: http://www.amazon.com/BANKRUPTING-THE-THIRD-WORLD-Underground-ebook/dp/B0176UHWH0/  

 

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Bankrupting the Third World, Book #6 in The Underground Knowledge Series, was launched today exclusive to Amazon. It targets the West — in particular the so-called global elite and the big international aid organisations — and it questions whether the ‘aid’ extended to Third World nations is in fact aid or a gigantic scam designed to subjugate those countries.

The Introduction from Bankrupting the Third World  follows:

This book is primarily about international aid organizations and whether they help or hinder the world’s poorest people. The outfits examined include the likes of the World Bank, the International Monetary Fund (IMF) and the United States Agency for International Development (USAID).

Officially, these financial relief organizations aim to reduce corruption in the Third World and Developing nations as part of their detailed and complex poverty alleviation mission. Their main strategy is providing loans to such nations for extensive development programs.

Kimbumba refugee camp in the Congo…just one of many.

However, according to our research and that of many others – economists, human rights activists and independent investigators included – there’s a nefarious hidden agenda at play. An agenda that even many of those working within these organizations, especially low-medium level employees, are not remotely aware of.

This book is divided into two sections.

Part One, titled The Macro of Looting the World’s Poor, exposes the culture of corruption within international financial aid organizations and the arrogance/disdain/contempt with which the Management of these agencies treat their Third World ‘clients.’

In Part Two, titled The Micro of Looting the World’s Poor, we put two Third World nations under the magnifying glass to reveal the long-term impact of being the recipient of substantial financial aid from the West. The resulting debt accrued by these nations may surprise even the most skeptical reader.

Terms like “looting the world’s poor” and “bankrupting the Third World” might sound oxymoronic to those not familiar with geopolitics and distribution of wealth. Especially as society’s less moral operators normally look to loot the rich, not the poor – not to mention the fact that bankrupting the Third World, as such, would seem to be a fruitless endeavor if the perception there’s no real wealth in the Third World was actually true.

However, as this book’s subtitle suggests, it’s about “How the Global Elite Drown Poor Nations in a Sea of Debt,” and how those same global elitists don’t go to all that trouble and (initial) expense for no reason or for no financial gain.

We trust by the time you get to the end of this book you’ll agree there’s as much wealth to be found and fortunes to be made in the Third World as there is in the First World. In fact, terms like ‘Third World’ and ‘impoverished nations’ are essentially misnomers as they imply limited wealth and resources exist in these forgotten places. This book sets to dispel that myth once and for all.

Lastly, we hope BANKRUPTING THE THIRD WORLD 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.

James Morcan & Lance Morcan

BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt  is exclusively available via Amazon: http://www.amazon.com/BANKRUPTING-THE-THIRD-WORLD-Underground-ebook/dp/B0176UHWH0/  

 

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