|MAKE IMF & WORLD BANK 'EAT' LOST BILLIONS! - PAT BUCHANAN|
IN THE PUBLIC INTEREST - RALPH NADER (speech at Washington, D.C. rally against IMF & World Bank)
|CHINESE ARMY INTO BIG BUSINESS - CHARLES SMITH|
|HUMAN RIGHTS OR CASH? - JONATHAN TOBIN (05/12/00)|
IMF & World Bank 'Eat' Lost Billions!
By Pat Buchanan
April 11, 2000
"Demonstrators and globalists agree that highly indebted poor nations should be using their scarce tax revenues for sanitation, health, and education, not to pay back old loans to rich nations or international banks.
"But it is a time for truth. 'Debt forgiveness' is a fancy phrase for shifting the total burden of defaulted debts off Third World regimes and onto the backs of American taxpayers. These loans are not being wiped off the books; they are being added to the U.S. national debt.
"Before one dime in 'loan forgiveness' is granted to any Third World government, the American people have a right to know who lost, who looted, and who stole the billions of dollars we are being asked to forgive.
"We need responsibility; we need a full accounting of how the generosity of the American people was criminally abused -- by incompetent or corrupt lending officers at the IMF and World Bank, and by the assorted dictators and thieves who stole or squandered the billions in aid intended for the peoples they misruled. We have a right to know the names of those who lost or stole the money, and to an accounting of any and all efforts to recover the looted billions."If anyone should be forced to 'eat' these incredible losses of foreign aid loans, it is not U.S. taxpayers who bear no fault, but international bankers at the IMF, World Bank, and other globalist institutions who deceived us when they said the loans were good.
"If heads roll at the IMF and World Bank, and both institutions are docked for the losses for which they are responsible, this would be simple justice; and there will be a far greater likelihood that future lending will be more responsible."---