If the objective of foreign aid is imperialism, then is that wrong?
Some people have a belief system that allows themselves to live an opulent life of luxury while the rest of the world wallows in poverty. There are many who believe strongly in this system and have forced it upon the rest of the world.
The limited resources we have on this planet are enough for all of us to live on, but in reality, this is not the case.
Look at the statistics about violence, depression, drug abuse, suicide, divorce and crime, it indicates that although we live in one of the most wealthiest societies in history, we also live in one of the unhappiest.
In his book “Confessions of an Economic Hitman” John Perkins showed the battle between us, the DC’s (Developed Countries) and the LDC’s (Lesser Developed Countries) as a battle for natural resources rages and intensifies, the indigenous populace always gets the short end of the stick.
I’ve attached a chapter titled “Jesus Seen Differently” for your reading pleasure below.
Its only several pages, but pay attention to pages 48/49.
If you’ve read Perkins book “Confessions of an Economic Hitman” or understand economics and financial markets, the following is how the above theories come into play in Egypt today.
The new Morsi government will be negotiating terms for a loan from the International Monetary Fund.
The IMF wants Egypt to first implement austerity measures.
That means the poor will suffer.
Egypt is not alone, every country in North Africa that has become destabilised due to the Arab Spring, has lost control of it’s internal security – and with it, it’s chief income – tourism.
In Egypt, “economic growth has stagnated, foreign currency reserves are down to dangerous levels, the government has a yawning budget deficit… and parts of the country have become lawless.”
“The current account deficit widened to $11 billion in the first nine months of its 2011/12 fiscal year, more than double levels a year ago, as foreign investment has dried up…
“The country’s foreign reserves have plunged by half since the revolution to $15.5 billion, equal to less than three months’ worth of imports…
“The Egyptian pound has depreciated from 5.87 to the dollar in February last year to 6.055 on 24 June 2012…
“The credit-rating agency Fitch, on 22 June 2012, downgraded Egypt’s sovereign credit rating to B-plus…
“Fitch assigned Egypt a ‘negative’ outlook, meaning more downgrades are likely to be in store…”
There are many ways in which to control a country.
You can install a strong arm dictator, an elected dictator by means of a fixed election or simply let free market economics in the guise of the world bank pillage your country until it’s in a state of ruin.
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