James Morcan - BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt (The Underground Knowledge Series Book 6)

BANKRUPTING

THE THIRD WORLD:

How the Global Elite Drown

Poor Nations in a Sea of Debt

THE UNDERGROUND KNOWLEDGE SERIES

James & Lance

MORCAN

BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt

Published by:

Sterling Gate Books

78 Pacific View Rd,

Papamoa 3118,

Bay of Plenty,

New Zealand

sterlinggatebooks@gmail.com

Copyright James Morcan & Lance Morcan 2015

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the publisher, except for the inclusion of brief quotations in a review.

Although the authors and publisher have made every effort to ensure that the information in this book was correct at press time, the authors and publisher do not assume and hereby disclaim any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from negligence, accident, or any other cause.

Should you the reader identify any content within this book that is harmful, hurtful, sensitive or insensitive, the authors and publisher ask that you contact them so they may rectify any problem.

Special Note: This title is an extended version of Chapters 16 and 22 of The Orphan Conspiracies: 29 Conspiracy Theories from The Orphan Trilogy (Sterling Gate Books, 2014) by James Morcan & Lance Morcan. This title therefore contains a combination of new material as well as recycled material (in many cases verbatim excerpts) from The Orphan Conspiracies .

National Library of New Zealand publication data:

Morcan, James 1978-

Morcan, Lance 1948-

Title: BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt

Edition: First ed.

Format: Ebook

Publisher: Sterling Gate Books

ISBN: 978-0-473-31273-2

This book is dedicated to the impoverished in forgotten places of the world.

Table of Contents

Introduction

Part One: The Macro of Looting the Worlds Poor

The First World versus the Third World

Corruption within corruption-busting institutions

Overshadowing individual nations

End poverty nowor lateror much later

Profiting from war

Polling the underground

Confessions of an Economic Hit Man

Part Two: The Micro of Looting the Worlds Poor

The (spoils of) the War on Terror

Blood minerals

Banksters swindling the DRC

An unnecessary war

No mercy for the Third World?

Profiteers aplenty

Connecting the dots

Introduction

This book is primarily about international aid organizations and whether they help or hinder the worlds poorest people. The outfits examined include the likes of the World Bank, the International Monetary Fund (IMF) and the United States Agency for International Development (USAID).

Officially, these financial relief organizations aim to reduce corruption in the Third World and Developing nations as part of their detailed and complex poverty alleviation mission. Their main strategy is providing loans to such nations for extensive development programs.

However, according to our research and that of many others economists, human rights activists and independent investigators included theres a nefarious hidden agenda at play. An agenda that even many of those working within these organizations, especially low-medium level employees, are not remotely aware of.

This book is divided into two sections.

Part One, titled The Macro of Looting the Worlds Poor , exposes the culture of corruption within international financial aid organizations and the arrogance/disdain/contempt with which the Management of these agencies treat their Third World clients.

In Part Two, titled The Micro of Looting the Worlds Poor , we put two Third World nations under the magnifying glass to reveal the long-term impact of being the recipient of substantial financial aid from the West. The resulting debt accrued by these nations may surprise even the most skeptical reader.

Above: IMF Headquarters in Washington, D.C., USA.

"Headquarters of the International Monetary Fund (Washington, DC)"

by International Monetary Fund

Licensed under Public Domain via Wikimedia Commons

Terms like looting the worlds poor and bankrupting the Third World might sound oxymoronic to those not familiar with geopolitics and distribution of wealth. Especially as societys less moral operators normally look to loot the rich, not the poor not to mention the fact that bankrupting the Third World , as such, would seem to be a fruitless endeavor if the perception theres no real wealth in the Third World was actually true.

However, as this books subtitle suggests, its about How the Global Elite Drown Poor Nations in a Sea of Debt, and how those same global elitists dont go to all that trouble and (initial) expense for no reason or for no financial gain.

We trust by the time you get to the end of this book youll agree theres as much wealth to be found and fortunes to be made in the Third World as there is in the First World. In fact, terms like Third World and impoverished nations are essentially misnomers as they imply limited wealth and resources exist in these forgotten places. This book sets to dispel that myth once and for all.

Lastly, we hope BANKRUPTING THE THIRD WORLD will contribute in some small way to the masses pressuring world leaders to eradicate the extreme poverty that sees millions of our fellow Human Beings men, women and children dying unnecessarily every year.

James Morcan & Lance Morcan

Part One:

The Macro of

Looting the Worlds Poor

Above: Nations (highlighted) commonly classed as Third World.

"Third world countries map world 2".

Licensed under CC BY-SA 3.0 via Wikimedia Commons

The First World versus the Third World

This book is also about the purposeful bankrupting of nations around the world, the inherently corrupt monetary system and the scam of modern banking all of which have obviously become major vices of our era. I believe that financial domination is one of the main methods used to enslave the people of this world. Dr. Takaaki Musha, from the foreword to The Orphan Conspiracies

The media regularly reminds us of the billions of dollars First World governments and international aid organizations grant annually to impoverished Third World nations.

The official story goes that Western nations are extremely generous in assisting the development of the Third World. And few would argue with this summary as even when countries like the United Kingdom, Germany or the United States are in an economic slump, they are never shy of giving vast sums to poorer nations in times of need.

This is especially true when it comes to organizing relief efforts for natural disasters. Major catastrophes like the Pakistan floods, the Haiti earthquake and the Indian Ocean tsunami are fairly recent examples of massive amounts of aid being raised almost overnight.

What if much of this aid is not charitable, but selfish? What if it isnt actually giving, but taking? What if most of the generosity has serious strings attached strings designed to fleece vulnerable nations?

And what if the IMF, USAID, the World Bank, the Asian Development Bank (ADB), the World Banks sub-institution the International Finance Corporation (IFC) and other such international financial aid organizations are all gigantic scams designed to subjugate Third World countries?