Ecuador Refuses to Pay Back Debts to Western Imperial Banksters
Submitted by Sygnus Centauri on Wed, 06/03/2009 - 15:18One of the ways Western nations invade and plunder third-world nations is to loan them more money than they can possibly afford to pay back, then string them along in a never-ending system of debt while Western corporations invade and take over the national economy. It's the same scam that banks use to control the People in the United States: Loan them more money than they can afford to pay back and then turn the people into lifelong wage slaves that pay the banks compounded interest.
Today (December 12, 2008), Ecuador's President Correa declared Ecuador's foreign bond debt "illegal" and said he wouldn't pay it. A December 15th interest payment of $30.6 million will simply not be paid.
Western finance experts are crying foul, of course, and they're accusing Correa of "defaulting" on his nation's debt. In the aftermath of all this, Western corporations will simply refuse to invest in Ecuador for many years.
And that's the whole point of Correa's strategy, most likely. Ecuador doesn't want to turn into a McCitiBankStarBucksWalMartBigPharma cesspool of debt like the one that's been created in the United States. Correa wants Ecuador to have its own financial independence, and to do that, it needs to break ties with the exploitive western imperialist "banksters" who invade nations and destroy their finances as a matter of habit. Read the book Confessions of an Economic Hit Man by John Perkins if you don't believe me.
Ecuador is a very poor Country
but I give them credit for trying to stand on their own. You can bet they have been watching Bolivia, gain it's independence.
Bump
for discussion.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
Didn't the Bushes buy a
Didn't the Bushes buy a 100,00 acre compound in Ecuador above the largest fresh water reservoir in the country, right near an army base? Just wonderin..
"You are a den of Vipers.I intend to rout you out and by the Eternal God I will rout you out."
"If this mischievous financial policy [greenbacks], which has its origin in North America, should become endurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without debts. It will hav
Paraguay
Not Ecuador
Wonder if Ecuador can advise me?
My husband took out a loan years back with City Financial...omg the interest rates...close to 25% I believe...After hours cut..on again off again lay offs where he works..Paying the bill is almost impossible...
Wonder if Ecuador (or whoever) could advise me???
Freedom is another way to God...A corrupt government is a straight way to hell.
I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina
Can you say...
new covert war, coup in the gov., and a new puppet dictator installed.?
Assert Your Authority
Assert Your Authority
We should all do it.
Solution to tyranny: “Be the change you want to see in the world.” Mahatma Gandhi
“Just look at us. Everything is backwards; everything is upside down. Doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the major media destroy information and religions destroy spirituality”
Little known fact:
Little known fact: Ecuador's central bank was a net buyer of gold in the first quarter of 2009.
http://www.portfolio.com/views/blogs/market-movers/2009/03/3...
They've more than doubled their gold reserves in terms of ounces held in jan-feb of this year. This latest announcement seems in line with that information. Ecuador's president obviously understands the importance of divorcing their currency from the USD and its satellites.
Let's see where this leads.
Ta,
Blog: The Present in Plain Text
Listen to The Myo-Tonics on YouTube
This is what we should do!
Just refuse to pay for the debt that our crooked politicians racked up.
If the bankers want the money, tell them to get it from Pelosi and Obama and Boehner and Bush
Just don't pay it.
"Their little plan" would have one hell of a kink in it then, wouldn't it?
Another reason I like Ecuador
and am moving there. Correa isn't perfect but he isn't going to be bullied by Westerners. He is a Ph.D. in Economics from a university in Illinois. He knows the scoop. Good for him.
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
Healthnut4freedom
The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22
Yeah!
...and if'n he ends up being a tool of the US/banksters, they'll throw him out of office faster than you can say supercalifragalisticexpiallidocious!
Our passports are in-hand and we are negotiating a rental of our house now...see you there!
**“The man who does not read good books has no advantage over the man who cannot read them.” ~ Mark Twain **
"...there is no doubt that it (socialism) could not possibly have affected us so widely and so deeply as it has, had it not been heavily financed". - B. Carroll Reece
this is brilliant!
if only we all had those kind of kahunas!!!
~peace
~peace
ummm...
It's cajones my good man...cajones...
Is life so dear or peace so sweet as to be purchased at the price of chains and slavery? Forbid it, Almighty God. I know not what course others may take, but as for me, give me liberty or give me death.”
– Patrick Henry, speech to the Virginia Convention
“The Internet is the first thing that humanity has built that humanity doesn't understand, the largest experiment in anarchy that we have ever had." - Eric Schmidt
lmao-- sorry
i happen to be female but i guess i coulda used spell check! point taken!!
~peace
~peace