Haiti has no business taking loans from IMF

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Reply to Msg 3606

I was not aware Haiti had fallen for that IMF trap by taking a loan with interest that we cannot repay then the Americans can rape our natural resources while they offer us to take another loan to cover the interest that we could not pay on the previous loan. That do not make sense even to someone who do not have an economic degree.

Then they systematically devalue your money or ask you to change it all together.

That's to give whatever American company doing business in your country a foot in, they will pay your workers pennies on the dollar, for instance 50US dollars is equal to 300 Haitian dollars, if they pay our workers 200Haitien dollars that means they are paying a pittance of 34$ US dollars to our workers for an entire month of work. They do this all over Indonesia and other countries who let them. The only way to counteract this is for the Government to demand that its work force be paid in American dollars or its equivalent of the 200 dollars in Haitian funds.

Read John Perkins book or listen to his audio tape about "confession of an economic hit man"

Flo, September 28 2007, 11:25 AM

Topic: Why is the Haitian dollar excessively devaluated?

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