3/10/2023

Looting and debt traps - The real devils exposed

Central African Republic's president told the UN Least Developed Countries meeting in Doha that his resource-rich but impoverished nation was being "looted" by "Western powers".

UN Secretary-General Antonio Guterres followed up an attack he made a day earlier on the "predatory" interest rates imposed by international banks on poor states.

He said there could be "no more excuses" for not providing aid. (Supporting war is more important, many billions the warmongers had been sent to Ukraine, and more on the way. RB)

But the opening day of general debate at the once-in-a-decade summit saw no major announcement of desperately needed cash - apart from US$60 million that host Qatar said it would give to United Nations programmes.

Leaders of the world's major economies have been markedly absent from debate, which will last five days, on the turmoil in poor nations.  CNA

The Least Developed Countries, LDC, are speaking out. The looting must stop. The lies about debt traps are falling onto deaf ears. No one believes in the American fabricated lies about debt traps from China. The debt traps are created by the western banks and fleecing on the LDCs.

Even the UN Sec Gen, Antonio Guterres cannot hold back the lies anymore. The predatory practices of the western international banks are preying on poor states, not China. China is the benefactor of LDCs and developing states by pouring money to them in very low interest rates, to help them to rebuild their countries neglected and left behind by the colonial powers, exploited, squeezed dry and left to rot. China is coming in with the financial and engineering support to rebuild these countries and their economy, including infrastructure development.

The victims of white colonialism are not going to remain silent. They could see the hypocrisy of the white men, pouring hundreds of billions into Ukraine, a white country with blonds with blue eyes, to fight wars instead of helping the LDCs.  By the way, crying and asking the hyenas for help is as good as inviting the wolves into the sheep pen. They would come only to devour the sheep.

It is better for the LDCs to seek genuine help and to work with China to rebuild their own countries. They have awoken to the lies of the white men and their hypocrisies.

2 comments:

Anonymous said...

Can Ukraine ever pay back the billions? Russia probably does not want to take all of Ukraine even for free. Putin only wants to make sure that Ukraine and the neo Nazis are destroyed for good, and the waste land of Northern and Western Ukraine will provide a buffer zone for Russia against Nato.

The IMF and World Bank can provide all the loans to help with rebuilding Ukraine. Good luck to them. China better stay away even if invited to participate in rebuilding. Nothing good will come out of it. China should concentrate on helping Africa, Latin America and expand the BRI and give all the support to BRICS in de-dollarisation.

Anonymous said...

That spin about a pro-Ukrainian group being responsible for the attack on the Nord Stream pipelines is a perfect example of how the USA wriggles itself out of its evil deeds - generating fake news to drown out the truth.

The NY Times, quoting USA officials, pointed to a pro-Ukrainian group, but they do not know who they are, (yet they know it is a pro Ukrainian group), so no way to investigate further - meaning a dead end and basically thinks this cleared the USA's involvement. And yet they quickly also said Zelenskyy was not involved. If they do not know who the group was, how did they know that Zelensky was not involved?

They succeeded in outspinning, with fallacious fake news, to cover up the truth about the Kenneddy assassination (with Jack Ruby's death providing the dead end), the Jeffrey Epstein case (with his suicide providing the dead end), the 911 attack on the twin towers (with the killing of Osama bin Laden providing the ending of investigation) and now attempting the same modus operandi with the Nord Stream attack by providing a fake perpetrator that cannot be identified.