4th of july


Slum Doggy-Style Millionaire – We Got To Stop Taking It In The Butt and Start Giving It Gently

Altruism Looks Good On You!

Altruism Looks Good On You!

If it can be asserted that microlending as an institution is successfully effective and that such monolithic agencies as the IMF or the World Bank effectively keep third world nations mired in a constant state of debt and exposed to corporate exploitation, why would any rational individual or society consent to having their tax dollars given to a centralized global bank?

With a tiny loan of several hundred dollars, you could arrange for a peer-to-peer transaction giving a small loan to a micro-entrepreneur.  With that money, an individual wallowing in poverty could finance an a humble enterprise and rise above poverty.  This might seem unlikely, but when compared economically to the poverty-stricken of the third world, even the most modest of Americans is comparatively wealthy.  Altruistic American junior high students could reasonably raise a small amount of capital selling candy bars to fellow classmates, arrange a peer-to-peer microloan through one of many organizations and effectively finance a small business in Madhya Pradesh which would enormously and forever change the standard of living of not one person, but that person’s family and community for the unforeseeable future.  You could be your own charity, be your own Sally Struthers.  The idea is simple and the reality is beautiful.

The economic reality and effect of current global banks such as the World Bank and the International Monetary Fund is the photographic and spiritual negative of microlending.  These are the centralized, international banks that crush nations with their explotative macrolending policies.  Their agents cajole, bribe, blackmail or threaten leaders of the third world to take these loans on behalf of their poor nation.  The money is either taken from tax revenue or more realistically printed fresh by the US Federal Reserve, never truly channeling through the borrower nation, but funneling directly to the international corporations who are contracted to build the borrower nation’s infrastructure.  What the corporations actually do is build infrastructure which will allow these corporations to monopolize the natural resources of the borrower nation.  The government of the borrower nation is now expected to make payments on the loan but most likely will not be able to afford payments on the interest.  If all goes according to plan, the borrower nation will hopefully be unable to make payments and go into default.  If that happens, one or many central banks, be it the US Federal Reserve, the World Bank or the IMF, will bailout the nation.  This will cause more fiat money to be printed at the cost of the American people but the profit of the central banks and sink the borrower nation so deeply in debt, that it is left at the mercy and under the influence of the imperial, hegemonic desire of the United States government.  The corporations are getting richer and richer plundering the country side, the US will expect perks from the defaulted nation such as loyal votes in the United Nations, land to build US military bases, et cetera, as the lending international banking agency keeps collecting money and the local national economy plummets into dire poverty.  If a populist leader of the borrower nation protests or attempts to nationalize the production of his nation’s natural resources, that leader is dealt blackmail, bribes or threats.  If that leader is an individual of principle and resolve, he is then dealt assassination, coup d’état or military junto.  If those measures fail, the US military invades.  Ordinarily in these situations, warlords generally rise to power; immoral and violent individuals who do not blanch at the opportunity of bullying their nation’s population into submission as corporations plunder, the international bank tallies the usury and the imperial US military stands sentry.  If microlending is simple and beautiful, macrolending is complex and terrible.

Imagine a world where we did not have a government that laundered hundreds of billions of US dollars every year to international, central banks which shackles third world nations forever in debt and forever vulnerable to exploitation.  Imagine a world where we did not live in a nation that required forty-one military bases across the globe to enforce its imperial hegemony and to defend favored criminal, multinational corporations who plunder and defile the most vulnerable in the world.  Imagine a world where we do not have to fear such concepts as “blowback” or the that the rest of the world hates us.  Imagine a world where we did not have to fear terrorists inspired by of our government immoral intervention.  Imagine the enormous amount of private capital which would be spared from taxation and inflation, which would not support this international, racketeer operation, which could be spent on anything we so desired.  Imagine but the tiniest fraction of that saved capital and how it could afford a peer-to-peer loan.  Imagine knowing and fostering a relationship based on friendship and respect with an individual thousands of miles across the globe, knowing their family, exchanging letters and pictures, hope.  Imagine the positive effect becoming like a cascade of social dominos; as more individuals rise from poverty, they could make future microloans of their own to needy others in own local communities.  Imagine a world economy not supported by neo-Liberal exploitation but a true free market.  It would be beautiful.  We can change our world but it is going to take vision and courage.  We need to stop consenting to criminal government and central banking policies.  We need to change the way our society solves immense issues because sometimes the biggest questions have the littlest answers.

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3 Comments so far
Leave a comment

I loved “The Girl Effect” video, but the comments on You Tube reminded me why I am a feminist… oi.

Comment by Anna Morgenstern

If only the whole world thought like you. This world would turn very quickly into a utopia. Alas, I’m afraid greed is ingrained in too many individual’s hearts. Too many of our neighbors would happily watch our destruction if it would improve their situations even a little bit. Maybe I’m just too cynical and things really aren’t that dire. Who knows. Just keep telling the truth April, someday things will change.

Comment by Cassie

I don’t know. Utopia?

And as for “greed,” macrolending only really satisfies the “greed” of the few. I think microlending could be construed as a selfish, or greedy, proposition from an objectivist perspective. I mean, you do make a little interest off of these microloans, small, but still. And saving tax dollars by NOT supporting macrolending IS technically “greedy.” And making your world a better, safe place to live IS a selfish proposition.

I don’t know… Just next time someone says we need to send billions of dollars of aid to some poor country, tell them what really happens to that money via macrolending and introduce them to the concept of microlending.

Comment by 4thofjuly1976




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