What is Digg?106 Comments
- obliviousfool, on 01/16/2008, -4/+44The World Bank is a scam.
http://www.heritage.org/Research/InternationalOrga ...
The World Bank works with people on the ground to foster corruption that its partners can take advantage of. Its partners would be multi-national corporations like Bechtel. The corporations profit while infrastructure improvements go to things that will further benefit the corporations. These corporations become leeches. No profits ever get re-invested in the countries they choose to exploit. Leaders that try to break free from these financial shackles get squashed or killed.
http://www.democracynow.org/2004/11/9/confessions_ ...
See also,
http://www.youtube.com/watch?v=to6uNUTf8g4
The World Bank loans nothing but worldwide economic slavery. - jaybol, on 01/16/2008, -7/+44actually the LOVE of money is the root of all evil.
- InfamousAtheist, on 01/16/2008, -8/+27The World Bank doesn't give a rat's ass if the money is spent as intended. Corruption in this process helps the bank reach its imperialistic goals of loaning these companies more money than they could ever hope to repay so they're forever in the bank's (and the WTO's, the US Government's) debt... the bank (as the article states) wants to lend more and more money to these countries, increasing their economic stranglehold.
If the money is wasted, it just means the bank loans out more and more of it, exactly what they want. - beasty_dave_Mk2, on 01/16/2008, -1/+15***** YOU FRANK
- vault, on 01/16/2008, -3/+16That's awesome. I wish I were dictator of a 3rd world country and could get in on this :-(
- DeFex, on 01/16/2008, -1/+12so its pretty much the same as your tax money then.
- RedStateRetard, on 01/16/2008, -0/+11Read "Confessions of an Economic Hit Man" by John Perkins
cut paste review
"Perkins writes that his economic projections cooked the books Enron-style to convince foreign governments to accept billions of dollars of loans from the World Bank and other institutions to build dams, airports, electric grids, and other infrastructure he knew they couldn't afford. The loans were given on condition that construction and engineering contracts went to U.S. companies. Often, the money would simply be transferred from one bank account in Washington, D.C., to another one in New York or San Francisco. The deals were smoothed over with bribes for foreign officials, but it was the taxpayers in the foreign countries who had to pay back the loans. When their governments couldn't do so, as was often the case, the U.S. or its henchmen at the World Bank or International Monetary Fund would step in and essentially place the country in trusteeship, dictating everything from its spending budget to security agreements and even its United Nations votes. It was, Perkins writes, a clever way for the U.S. to expand its "empire" at the expense of Third World citizens. While at times he seems a little overly focused on conspiracies, perhaps that's not surprising considering the life he's led." - MOJIRA, on 05/17/2008, -1/+11If you want to get technical, money is actually meaningless, it's what money can do that is attractive to people.
So cut out the middle-man: LOVE OF POWER (over other people) is the root of all evil. - MacEnvy, on 01/16/2008, -1/+10I think that's being a bit pedantic. The meaning of the phrase is really more akin to "The lust of money at the expense of all else is the root of all evil".
Edit: I see jaybol said approximately this same thing below 11 hours ago. Whoops. - suo97119, on 01/16/2008, -0/+9World Bank = Cloverfield Monster
- DruSam, on 01/16/2008, -2/+11Get it right, "The LOVE of money is the root of all evil".
- inactive, on 01/16/2008, -0/+8Yeah, well what in the ***** is ever gonna be done about it? NOT A ***** THING!
- Frnnkdlxx, on 01/16/2008, -4/+12NOOOO!!!!!!.... really?
/sarc u mofo's - djohnmalkovich2, on 01/16/2008, -0/+8the corrupted elite are just passing the money onto each other, you think they are giving it to the poor. Hahaha. Did you know "gullible" is not in the Dictionary?
- inactive, on 01/16/2008, -1/+9Frank is such a dick.
- Tabou, on 01/16/2008, -1/+9Writing them off in return of...
- Whatwedo, on 01/16/2008, -0/+7This isn't a poll, it's a statistic based on estimate. I dugg you anyway, though, out of my hatred for Frank.
- MisterPink, on 01/16/2008, -11/+18So you think that money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is made possible only by the men who produce. Is this what you consider evil?
When you accept money as payment for our effort, you do so only on the conviction that you will exchange it for the product of the effort of others. It is not the moochers or the looters who give value to money. Not an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper, which should have been gold, are a token of honor ? your claim upon the energy of the men who produce. Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money. Is this what you consider evil?
--Excerpt from Atlas Shrugged, changed slightly to fit. - lacolonel, on 01/16/2008, -0/+6Read : Lords of Poverty by Graham Hancock. It focuses on corruption in foreign aid charities. It is great research ..and hard to come by.
The more that you read, the more things you will know. The more that you learn, the more places you'll go.” - fadeout, on 01/16/2008, -2/+8That would make sense if the world bank didn't regularly write off the debt of 3rd world countries. Google 'world bank write off debt" for examples, and these write offs are usually in the BILLIONS.
- jabrthel, on 01/16/2008, -0/+6The World Bank loans money out so that bureaucrats can have jobs, nothing more. Do you really think that all the bosses and employees of that institution will say "we actually make things worse by empowering autocratic thugs who funnel our loans into their paychecks"? No, because that means they would lose their jobs... It's not about empire, but about a useless bureaucracy doing exactly what it's good at. Oh... and it's also about making sure the industrialized nations feel good about themselves. "Look at how much money we gave those poor people? Wow, we're swell!"
- dracostimpy, on 01/16/2008, -4/+10I am Jack's complete lack of surprise.
- jabrthel, on 01/16/2008, -2/+7No, money in the hands of unaccountable bureaucrats is the root of all evil.
- imightbewrong, on 01/16/2008, -0/+5so many of the third world's problems come from terrible governments its unreal
- xcomputerman, on 01/16/2008, -0/+5Dugg for ridiculous amounts of truth. Having grown up in an African country that spent so many years suffering under military dictatorship perpetuated by these modern slave traders called the IMF and World Bank, I can not even begin to tell you how accurate you are.
- pintomp3, on 01/16/2008, -2/+7only 90%? the modus operandi of the IMF and WTO is corruption and corporate influence. it's funny that paul wolfowitz was too corrupt even fort them.
- purenoni, on 01/16/2008, -1/+6Time to give micro loans a serious look. Why bother feeding money to government leaders? It only ends up in their pockets. The money should go directly to the people who need it to start businesses to help them become self-sufficient and less dependent on their government.
- LeeSoong, on 01/16/2008, -1/+6old news.
The World Bank has been basically a clearing house of cash for organized (and disorganized) crime since it was created.
Yet another reason to Vote Ron Paul :
The bigger the government, the bigger corruption.
When a huge bureaucracy takes money from everyone,
the money belongs to no one, and is stolen by the select few
- call it corruption, call it 'pork' - it is still theft.
Big government is slavery - stealing money from the working man, the business man, and all the for-profit businesses of the USA. Robbing the People.
There is no clearer picture of Federal Corruption than "Faith Based Funding"
Stealing tax dollars in violation of the constitution and 1st Amendment to give to churches and evangelists that are friends of George.
Pure Crime, through and through.
The CONSTITUTION M07he4F&@K$4S! Do You Speak It ?!?
http://www.ronpaul2008.com/about - inactive, on 01/16/2008, -0/+590% of World Bank Aid Money consumed by the private bankers that are behind it in the first place; Rothschilds, Rockefellers, Warburgs and the like.
- Coded1, on 01/16/2008, -1/+5Ahhhh someone showed up to class today...
- inactive, on 01/16/2008, -0/+4And the EU was just a trade agreement.
- BAFrayd, on 01/16/2008, -1/+5I don't, and would never, give a dime to any foreign aid project. Human nature ensures corruption of this sort. I just wish the government would cease ALL foreign aid and give my share of it back to it's rightful owner - me.
- inactive, on 01/16/2008, -1/+5It's not money, it's power.
Nowadays, money itself is just a system of control used to chip away and suck sections of work away from people, while making them take jobs and file income taxes just to work in this 'free' nation.
"The lust for power at the expense of all else is the root of all evil". Go watch a US news network sometime and think to yourself 'what are they trying to make me think?'
Only then will you see the true head of the beast. Unaccountability let run rampant will corrupt anything over time, and we are almost competely rotten off at the head. - midoritsuru, on 01/16/2008, -2/+6Sad. What's more, when aid projects like these fail, the people at ground level are blamed for the failure and their unimproved situation. "What, you can't find mosquito nets for $114 million?"
- reeder, on 01/16/2008, -8/+12Anyone who passes off Atlas Shrugged as proof of anything should never be taken seriously. Ever.
- sahmed001, on 01/16/2008, -0/+4First and foremost there is no such thing as "World Bank Aid Money". World Bank gives loans and they'd prefer the loans be wasted so they could give more loans. the only suckers are the citizens of those countries.
- ch33sehead, on 01/16/2008, -0/+4Money isn't evil. People are stupid.
- CraigJ, on 01/16/2008, -1/+4Wow, that's a lot lower that I would have thought.
- phunlee, on 01/16/2008, -0/+3If this intense corruption costs people who could have benefited from this money-- cost them their lives? Shouldn't we punish these people as we punish murderers? I think this is an instance where the death penalty would be a deterrent. I would think someone who loves money so much, they'd let others die, doesn't want to be put to death themselves.. (is this a stretch?)
- Neticule, on 01/16/2008, -0/+3check out kiva.org, a much better way to lend to those in need
- inactive, on 01/16/2008, -1/+4It's nonsense because it's too low.
- inactive, on 01/16/2008, -2/+5"The love of POWER is the root of all evil."
Fixed it for you. You think our top-tier class really needs money anymore? - inactive, on 01/16/2008, -0/+3I am considering corruption as a career option.
- inactive, on 01/16/2008, -1/+4I'd file this under No ***** Sherlock, but that folder is full.
- Globehugger, on 01/16/2008, -0/+3Someone once observed that foreign aid is poor people in rich countries subsidizing rich people in poor countries. It seems that they were right!
- inactive, on 01/16/2008, -0/+390% taken in by the Rothchilds
- mr5150, on 01/16/2008, -0/+3Banks need to be killed quickly and a peaceful money supply reserected in its wake. Fiat currency and fractional reserve lending allows anyone with government backing to become a monumental goliath of unearned wealth. Time for banks to die and every ***** who runs them!
- b8man99, on 01/17/2008, -0/+295% of the planet consumed by greed. Corruption makes it sounds sterile - but this is greed pure and simple.
I wonder how many of the super rich today have blood on their hands? - inactive, on 01/16/2008, -1/+3You misunderstand the entire purpose of the World Bank.
It ain't to get the world on it's feet, man. - inactive, on 01/16/2008, -2/+4I think advocates of socialism should suffer the death penalty. Collectivist economic policy is the #1 all-time champion killer of human beings.
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