Greetings, this is podcast number 90 of Blasterite, I'm Jack Clark from TheRationalRadical.com

Today we're going to discuss an incredibly immoral way to make huge sums of money.

Fulture funds which prey on destitute third-world nations.

As you might imagine, there's a strong right-wing connection.

Let's get right into it.

My sources for this segment are democracynow.org, special thanks to them for all the audio clips,

the website of the British Broadcasting Company, the BBC, the British newspaper The Guardian,

JubileeUSA.org, and the CIA Factbook.

In critically important podcast number 56, I set forth the four ways the Western industrialized

world economically exploits the third world.

One of these ways is putting third-world nations on a downward spiraling debt treadmill.

First-world banks and nations lend huge sums of money to corrupt dictators and military

hunters, knowing that most of the funds are not being used to benefit the people of those

nations.

Quite the opposite.

The funds are used to finance repression of the majority, and or are stolen for private

gain by those dictators and military leaders.

But who will have to repay those loans?

The dictators, the citizens of those countries, the majority of whom are poor, they'll have

to repay these loans, the principal and interest through their taxes.

Many countries are forced to spend far more on repaying the loans than on healthcare

and education and other needs of their people.

...