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Foreign Aid Is A Money Laundering Scam Of Banks, Corporations (Part 2)

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  • Reynolds
    Moderator
    • Oct 2018
    • 3414

    Foreign Aid Is A Money Laundering Scam Of Banks, Corporations (Part 2)


    Foreign Aid is a Money Laundering Scam for Banks and Major Corporations




    The term foreign aid has been defined as “poor people in rich countries giving money to rich people in poor countries."



    The rest of the story is that foreign aid, by and large, is a money laundering scheme. The trouble is that my most important information came to me long before the existence of the Internet. I think you’ll find that the problems of waste and fraud are not “flaws” in the system; that they are, in fact, the way the system is designed to work. Between July 1, 2007 and June 30, 2010, a whopping 63% of Australian foreign aid contracts went to corporations, and 22% went to individuals... only 11% went to governmental and non-governmental development bodies. The World Bank, which receives $450 billion a year (presumably Australian dollars) from Australian taxpayers, has come under fire for its perceived lack of transparency in how it handles the money and why so much of the money is going to corporations. Most of “foreign aid” is actually military aid.




    Prior to George W. Bush’s second term of office, the State Department was the primary dispenser of U.S. foreign aid. Since then, the Pentagon has handled the lion’s share of “foreign aid.” Don’t get the idea that the Pentagon’s interest in foreign aid has anything to do with assisting needy foreigners in Pakistan and other trouble spots. The only assistance the Pentagon is noted for giving people in other countries lies in helping them to find out if there really is life after death. Let’s not forget how the bankers profit from the foreign aid scam. Bankers create paper “money” out of thin air, loan it to governments and other entities, which then have to pay it back ... For a 30-year mortgage at 10%, the borrower pays back 336% of the money he borrows.

    Apart from the military industrial complex scams, there are two kinds of foreign aid: loans and grants. In the hands of corrupt governments, both tend to generate governmental corruption. Loans tend to generate both dependency and corruption. As one example, Zaire’s leader Mobutu See Seko is estimated to have stolen $5 billion dollars in aid money. Almost immediately after negotiating a reduction in interest payments, he “leased a Concorde to fly his daughter to her wedding on the Ivory Coast.” Sam Amsterdam indicates that this level of corruption is commonplace. I found credible accusations that the Burmese (a.k.a. Myanmar) military dictatorship is pocketing tens of millions of dollars in foreign aid for disaster victims. In one program, a factory was built for the construction of glass windows in a country in which most houses didn’t have windows. The factory never became operational because it had no access to electricity. Read more ...



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