The World Bank and IMF
"We are made up of two unique development institutions owned by 185 member countries. We provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management."
-- World Bank Website

"The International Monetary Fund (IMF) is an organization of 185 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."
-- IMF Website

"There are two ways to conquer and enslave a nation. One is by the sword. Th[b]e other is by debt[/b]."
-- John Adams, Second President of the United States

"The fact of the matter is our job was to convince other countries to take very large loans [given by the World Bank],  Let's say a billion dollars to Ecuador to build big infrastructure projects: power plants, ports, highways, industrial parks. Things that didn't benefit anybody except the very wealthy people in those countries who were quite corrupt, and we corrupted them,  90% of that billion dollars would come back to the United States to pay for Halliburton, Bechtel, these types of companies to build the infrastructure.
Then the country would be stuck with this huge debt, which over time would continue to be refinanced and get larger and larger and larger. So that in fact today Ecuador owes more than 50% of its national budget just to pay down its debt service which means there's very little money left to pay for education and health services for the poor people who are the ones who suffer from these projects. It was their rivers that were destroyed when we built these hydro-electric plants, it was their land that was destroyed, 
Now they're saddled with this incredible debt that they can't possibly pay. And so we go in and demand our pound of flesh, very much like the mafia,  We need Ecuador's oil,  We tell Ecuador, 'Since you can't pay off your loans, what you need to do is to turn over your Amazon to our oil companies,  What it is all about is building empire. We've done this in every country around the world that has resources that we covet, often this is oil in places like Indonesia, Nigeria, Ecuador, Venezuela, and. Colombia. But sometimes its other resources, for example in Panama it was the Panama Canal. "
-- John Perkins

enyojo:

[b][size=11pt]SO WHEN NEXT YOU WONDER WHY OSAMA BIN LADEN (A MAN TRAINED BY AMERICANS) IS TREATED AS A HERO BY HIS PEOPLE FOR TARGETING HIS 9-11 ATTACKS ON THE WORLD TRADE CENTER, YOU SHOULD HAVE A GLIMPSE OF WHAT IS HAPPENING

_{i don't think terrorism is the best approach though simply because Pickin where throw stone inside market, na im mama the stone go meet}.

enyojo:

[b]

SO WHEN NEXT YOU WONDER WHY OSAMA BIN LADEN (A MAN TRAINED BY AMERICANS) IS TREATED AS A HERO BY HIS PEOPLE FOR TARGETING HIS 9-11 ATTACKS ON THE WORLD TRADE CENTER, YOU SHOULD HAVE A GLIMPSE OF WHAT IS HAPPENING

_{i don't think terrorism is the best approach though simply because Pickin where throw stone inside market, na im mama the stone go meet}.

enyojo:

MY CONCLUSION:

Many third world countries have recently found themselves in debt to the World Bank and IMF. Like all other banks the World Bank creates loans out of nothing, and then when the countries cannot repay the loans it demands that these countries give up their real resources in exchange.

enyojo:

MY CONCLUSION:

Many third world countries have recently found themselves in debt to the World Bank and IMF. Like all other banks the World Bank creates loans out of nothing, and then when the countries cannot repay the loans it demands that these countries give up their real resources in exchange.

enyojo:

MY CONCLUSION:

Many third world countries have recently found themselves in debt to the World Bank and IMF. Like all other banks the World Bank creates loans out of nothing, and then when the countries cannot repay the loans it demands that these countries give up their real resources in exchange.

enyojo:

MY CONCLUSION:

Many third world countries have recently found themselves in debt to the World Bank and IMF. Like all other banks the World Bank creates loans out of nothing, and then when the countries cannot repay the loans it demands that these countries give up their real resources in exchange.

GenBuhari:

Abeg,
I was with you until you used the bad example of Osama Bin Laden.

That one is a nutcase.

Osama blew up 300 innocent kenyans just to kill a few Americans , and he was not fighting America because of its imperialism, but due to a jihad or holy war.

So very bad example iam afraid

Kobojunkie:

um . . , but isn't that how a bank works . . . I mean from the very conception of the idea??

zstranger:

Found it!

http://secret-of-life.org/the-World-Bank-and-IMF

Donlittle:

seun and co, that was supporting pdp self, went their and post this thing on the front page ehn?
why make we dey pity una say una vote pdp ni?
hahaha una neva see anything o, oh well i have my green card, oya i dey laugh

Donlittle:

i told beaf, and co, we will drop economically, our naira, will be greatly devalued, do you know what he told me? he said sanusi and co will handle with, dont worry.

hahaha, it not een up to 3 weeks or 4 weeks after election it is happening already, smh, i wish they had just listened

1025:

this is just the beginning. why we no go drop when our president is busy buying yacht and 3 aircraft. pdp was busy spending 100s of millions on daily basis in the name of campaign. we never start. we are heading to the last spot. unfortunately, many of us here supported pdp and some other imbeciles will never say a word on this kind of issues.