I just started reading a book entitled The Rich Get Richer, and much of it deals with the World Bank, the I.M.F. etc. It is a lot of boring stuff with a whole bunch of graphs and charts, but I think that I get the idea. Let me see if I can explain to you how it works.
A number of wealthy governments around the world take Taxpayer money from their own countries to invest in the poor countries of the world. They loan this money to the poor governments of these poor countries. These Governments use this money to lure the international business community to their shores or prairies. Naturally they provide benefits to these international concerns; like no taxes, and no rent on their property or land etc. These concerns build a factory in the target country. Now, naturally, they don’t manufacture anything that can be sold in that poor target country. Why? Because it is a poor damn country and these people don’t have any money to buy anything. So these companies manufacture an exportable product. This is a requirement for these poor-country loans established by the IMF and the World Bank.
The bottom line is this: Some international concern opens a Frisbee factory in Guatemala, Afghanistan or Timbuktu. They pay the workers who get jobs at this Frisbee factory a competitive wage. Last year these workers were making nothing, so now they are paid next to nothing which is a 100% increase over their last year’s salary. They manufacture a zillion Frisbees and sell them to businesses back in L.A. or Paris, London, or Rome. These businesses sell the Frisbees to a bunch of little rich kids who have nothing to do but play on the beach and get high. These huge international concerns or subsidiaries thereof, or the brother-in-law of the president of Guatemala, Afghanistan, or Timbuktu, make huge profits from these no-interest, no-tax, no-environmental-penalty loans. And why not? They get the money for free. They pay no wages to speak of and the host country charges them no taxes. What a deal! So then what do they do with all of these profits? Give huge bonuses to the workers at the factory?
Ha ha haaaa. Excuse me. I was just joking. No, no, no. You see, the rest of the World has learned the old Swiss bank trick of – hear no evil, see no evil and therefore there is no evil.
Other developed countries, including the United States, provide no-questions-asked, special interest, NO TAX, accounts for non-citizen investors or depositors. So they take their huge profits from manufacturing Frisbees in Guatemala, and deposit them back in their favorite bank in the United States, Paris, London, or Rome.
So good, you say, at least we taxpayers get our money back. NO no no. The money doesn’t go back to the U.S. Government. The Government only gets money back if the government of the country to which the I.M.F. or World Bank loaned the money, pays back the loan. But, of course the government of this poor country can’t pay back the money, because they didn’t charge anything for the money in the first place. They gave it all out as incentives to their ex-brother-in-law Manuel (who has since divorced, Intrigua, the president of Guatemala’s sister to avoid any collusion or corruption charges.) They do, of course, get the income taxes from the workers at the factory, but unfortunately they invested that money in four hundred Frisbees that they tried to sell to the children of the workers employed at the factory. The kids weren’t interested; they were too busy trying to find food at the local landfill. So now since nobody can pay back the loans, the World Bank, etc. is thinking of canceling all the loans, and starting all over again – but this time no Frisbees, maybe Ree-bucks.
This book explains similar shenanigans over and over, with statistics, numbers and endless details. It is a sad story but a necessary story. Once again I’m happy there are people who will take the time and provide the effort necessary to make these complicated swindles understandable to the likes of folks like me.
Books by Richard Edward Noble. Click on covers below for more info and purchasing instructions.
Classic Tragic Novel
Don't Laugh - This Could Have Been Your Life
Funny stories and some strange characters.
Monkey Dishes and Cocktail Fawks
My Harrowing days in the restaurant business. Great Read.
It's a Long Story
Long Short Fiction - Great stories!
Bloggin' Be My Life
"Bloggin' be My Life" contains a selection of some of my more popular Hobo Philosopher blogs.If you enjoy reading this blog, you should love Bloggin' Be My Life.
It's All About Love
It's All About Love is ... all about love. This is the 2nd book of poetry from The Bard From Chelmsford off Arlington. Every poem in this book comes with a prose introduction. If you enjoy poetry this is a simple choice. Have fun!
A Little Something
Traditional poetry from The Bard From Chelmsford Off Arlington with some poignant prose introductions. If you enjoy any type of poetry, you will enjoy this volume. Thanks.
Talking To Myself
This is my third book of poetry.
Bits and Pieces
The Hobo Philosopher - My first book using the Hobo Philosopher brand. Featuring a variety of writing styles and ideas. Look for the Thoughtful Hobo on the cover.
A Baker's Dozen
The Hobo Philosopher: My Second book of Fiction, Creative Non-Fiction and Short Stories. All varieties of short stories - lots of laughs!
Cat Point - and Them Dang Oyster People
Cat Point is the sequel to "The Eastpointer." Both books contain humorous tales about life in a fishing community on the Florida Panhandle. Lots of laughs.
Won 1st Place award for humor in 2007 from Florida Press Association. More wit, wisdom and humor from the yet to be world famous author, R.E. Noble
A Summer with Charlie - Lawrence
Fiction - Salisbury Beach, Lawrence, Mass. Featured in Merrimack Valley Magazine July /Aug. issue 2010
Travel, Humor, Commentary on migrant farm work and illegal immigration still very pertinent today.
"Just Hangin' Out Ma"
Thank God for the Street Corners of Lawrence, Mass. Anecdotes and humorous escapades about growing up in an industrial mill town in the 40s,50s and 60s.
This is the sequel to "Just Hangin' Out, Ma"
That Old Gang of Mine
This is # 3 in my Lawrence Hometown series. The series is about growing up in the 40's, 50's and 60's in an industrial mill town. Sorta like a Huck Finn goes to vist Uncle Ralph, the bus driver, who lives in a big, rundown city. Lots of fun.
Come On-A My House
This is # 4 in my Lawrence Hometown series.The old homested at 32 Chelmsford ST is pictured on the cover..
Down By The Old Mill Stream
# 5 in the Lawrence My Hometown series.
Standing on the Corner is # 6 in the lawrence My Hometown series.
The old Howard Playstead on Lawrence St.
Eat, Drink and Be Merry
# 7 in the Lawrence my Hometown series.
Honor Thy Father and Thy Mother
Classic tragic novel written from child's perspective. Deals with abuse, poverty, unemployment. Pulls no punches.
Noble Notes on Famous Folks
Humorous, satirical notes on everybody from Constantine to Bill Clinton. Inspiration: Willy Cuppy.
America on Strike
History - documented survey of labor strikes in America
Mein Kampf - An Analysis of Book One
Who are the American Nazis - the Liberals or the Conservatives?
MY NAME IS RICHARD EDWARD NOBLE. I AM A FREELANCE WRITER AND I HAVE PUBLISHED 12 BOOKS:"THE EASTPOINTER" - SELECTIONS FROM AWARD WINNING NEWSPAPER COLUMN - "A LITTLE SOMETHING" - POETRY WITH PROSE -"HONOR THY FATHER AND THY MOTHER" - A NOVEL ABOUT GROWING UP IN THE NEW ENGLAND MILL TOWN OF LAWRENCE, MASS, "HOBO-ING AMERICA" - A WORKINGMAN'S TOUR OF THE U.S.A. - "A SUMMER WITH CHARLIE" - THE STORY OF A YOUNG SAILOR'S LAST DAYS AT SALISBURY BEACH, "NOBLE NOTES ON FAMOUS FOLKS" - HUMOROUS ANECDOTES ON FAMOUS FOLKS IN HISTORY,
"AMERICA ON STRIKE" HISTORY BOOK - A SURVEY OF LABOR STRIKES IN AMERICA; "A BAKER'S DOZEN" A BOOK OF HUMOROUS SHORT STORIES; "JUST HANGIN' OUT, MA" - GROWING UP IN THE 40'S, 50'S AND 60'S IN LAWRENCE, MY HOMETOWN, "TENEMENT DWELLERS" - SEQUEL TO JUST HANGIN OUT, MA; MEIN KAMPF - ANALYSIS OF BOOK ONE - HISTORY. CAT POINT - AND THEM DANG OYSTER PEOPLE - SEQUEL TO THE EASTPOINTER
All 12 BOOKS ARE AVAILABLE ON AMAZON.COM, BARNES AND NOBLE AND OTHER INTERNET SOURCES OR FROM NOBLE PUBLISHING. ALL 12 OF MY BOOKS ARE NOW ON KINDLE AT BARGAIN PRICES TOO. IF YOU WOULD LIKE MORE INFORMATION ABOUT DISCOUNTS AND SPECIAL OFFERS E-MAIL ME. MY EMAIL IS ON MY PROFILE PAGE.