Bush Administration authorized
If these truly were sound investments, they would not need foreign-aid subsidies or government guarantees. What is really happening in this play is a triple score:
1. International lending agencies p r o v i d e the Social Democrats with money to purchase goods and services from American firms. No one really expects them to repay. It is merely a clever method of redistributing wealth from those who have it to those who don't—without those who have it catching on.
2. American firms do not n e e d m o n e y to participate. Since their ventures are guaranteed, banks are anxious to loan whatever amount of money is required. Efficiency or competitiveness are not important factors. Contracts are awarded on the basis of political influence. Profits are generous and without risk.
3. When the Social Democrats eventually default in their contracts to the American firms or when the joint venture loses money because of socialist mismanagement, the federal government provides funds to cover corporate profits and repayment of bank loans.
There you have it: The Social Democrats get the goodies; the corporations get the profits, and the banks get the interest on money created out of nothing. You
By 1992, the wearisome pattern was clearly visible. Writing in the
The interesting thing about this report is that Leslie Gelb has been a member of the CFR since 1973. Why would a CFR
spokesman blow the whistle on one of their most important maneuvers toward The New World Order? The answer is that he is doing just the opposite. Actually he is making a plea for
148 THE CREATURE FROM JEKYLL ISLAND
and
Congress hears and obeys. In spite of the fact that all the preceding billions have "disappeared without a trace or a dent,"
the transfusion continues. In 1993 the World Bank advanced another half-billion-dollar loan to Russia; before leaving office, President Bush arranged for another $2 billion loan through the Export-Import Bank; and Congress authorized hitting the voters with another $2.5 billion in foreign aid earmarked specifically for Russia. In July, at the Tokyo summit meeting of the Group-of-Seven industrialized nations, another $24 billion was promised, half of which will come from the IMF. As this book goes to print, there is no end in sight.
T H E C O N S P I R A C Y T H E O R Y
A moment's reflection on the events described in this section leads us to a crossroads of conscience. We must choose between two paths. Either we conclude that Americans have lost control over their government, or we reject this information as a mere distortion of history. In the first case, we become advocates of the conspiratorial view of history. In the latter, we endorse the accidental view. It is a difficult choice.
The reason it is difficult is that we have been conditioned to laugh at conspiracy theories, and few people will risk public ridicule by advocating them. On the other hand, to endorse the accidental view is absurd. Almost all of history is an unbroken trail of one conspiracy after another. Conspiracies are the norm, not the exception.