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Originally Posted by crosvs
those "LOANS" to countries like Brazil were *NOT* asked for by those countries: they were forced upon them, with impossibly high interest rates, under the guise of "helping" the countries to modernize, usually by building out electrical infrastructure, etc. What result? Those countries are forever indebted to us allowing us to install more puppet governments.
Seriously, until there is explicit evidence to DISPROVE his account, read CONFESSIONS OF AN ECONOMIC HITMAN.
I don't understand why there's such an infatuation with presuming that our country -- MERELY because it is OUR country -- is doing the right things for the right reasons??
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how many people cheer when they have money forced to them and impossibly high interest rates....besides the interest rate thing with the world bank was broached and fixed about 6 or 7 years ago
http://news.bbc.co.uk/2/hi/business/2899637.stm
http://www.aceee.org/press/brazil.htm
http://lnweb18.worldbank.org/Externa...7?OpenDocument
I am not saying that everything is done for the right reasons merely stating that they are always done for the wrong reasons is not correct
and I had to read Confessions for my international finance class great book lots of information and I by no means discount it just saying that while some of the moves made are quite unethical some things are actually done for the right reasons...