| One major way in which foreign aid is really cleverly crafted and
disguised stealing involves "loans." The U.S. government and
U.S. banks make loans to corrupt, dictatorial or pseudo-democratic Third
World governments which don't use the money to help their citizens, but to
line the pockets of government officials. Then the citizens of those
countries - the majority of whom are dirt-floor poor - wind up repaying the
loan through burdensome taxes. Loan repayments, stretched out
endlessly, wind up totaling several times the amount of the original loan, providing enormous profits to the government and
banks which made the loans. This stealing from the Third World poor is
cleverly crafted and disguised by the fostering of the popular misconception
that these foreign aid loans are used to help the average citizens of those
countries.
The Fifty Years is Enough campaign is a source of much more detailed information about the adverse effect of such Third World loans. |
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