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- World and National Mission-oriented Recovery Programs -
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What did the IMF and World Bank propose? Well, they proposed that the value of the currency be sharply reduced. But, then, the country said, "Fine, okay, we'll do it." "Oh, but you have to incur an additional debt, to compensate your creditors for the devaluation of your currency." So, what happened is, if you take all the actual debt owed by the nations of south and central America, from 1971 to the present, they don't owe a nickel. Because all of the actually incurred debt, has been paid off many times over. And now, the IMF and World Bank are trying to collect, and destroy, Argentina, Brazil, and other countries on the basis of debt. The debt was artificial.
In 1982, I got in the middle of this thing. I had a meeting with the President of Mexico, to discuss a number of matters, and he said, "What are they going to do to my country?" Referring to the United States. I said, they intend to destroy it. And you'll be hit by a major crisis orchestrated out of New York, by September.
Well, he was hit in August.
So, in the meantime, I wrote a paper, reflecting my concern about the situation in South and Central America. It was called Operation Juarez, so named because of the relationship between Lincoln and Juarez on freeing Mexico from this Hapsburg looting operation that was run against Mexico while the United States was engage in a civil war.
And this laid out exactly what we had to do: how to reorganize the then-existing debt of the countries, and to create a new institution of cooperation among the countries, a regional institution, which would bring some kind of coordination and order into this are. That, what I proposed then, is appropriate for today.
If we don't do it, as we say in the case of Argentina right now, if we try to collect this debt, on the terms that these swine from the IMF and World Bank propose, they and other countries. What are we going to do?
Go back to the 14th Century. Go back to the time, the 1330s, when England declared a moratorium on its debt to the Lombard bankers, especially the House of Bardi. At that point, politically, the countries were helpless to defend themselves against the usury of the Lombard bankers, who were the dominant financial power in Europe, Venetian-based. As a result of that, the debt-collection enforced by the Lombard bankers and their friends, in Europe, resulted in a few decades, in a reduction of the population of Europe by 30 percent, in genocide. And the elimination of 50 of the parishes of all Europe. {Genocide!} And what the IMF is proposing, for Argentina today, and for other countries, is nothing other than straight genocide of the same type. We cannot murder people for the sake of bankers' pleasure. pplause]
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