Speculation, Winners, Losers and Odious Debts: Finance Against Economy, 6
If need be, propaganda on pointless consumerist models lends a good strategic hand by creating a want for such unaffordable and useless things the local economy could really do without as it always did. Incidentally, this is but one of the various reason of the war fought by globalisation against local diversity: creating want for useless burdens to bring about economic slavery.
In fact, that such altruistically provided “help” is not needed in the first place is deftly “ovelooked”… because what counts is that it is unaffordable: the order of magnitude of its cost is such that it produces an ensuing debt of the country to “helping” financing entities well beyond any capability to bear it and repay it at all.
The ultimate purpose, and the end result are, the payment for such “help” is transferred directly from the financing entities to the supplying corporations, while the “helped” country is left with the several burdens represented by corrupt politicians and officials, obstructive, useless, harmful “help”, precious, maybe scarce resources wasted and stolen, and, above all, inextinguishable odious debt slavery. And the ensuing spiral of further “help” cycles the debt slavery and corrupt rulers will force the country to accept.
More generally, even though money and thus moneypulation are not the sine qua non for odious debt, as it can be manufactured even without recourse to them, the “invisible”, perfect scam of moneypulation, given its fraudulent nature of purchasing power created out of nothing, provides perfect tools for manufacturing odious debt, such as debt money.
Other even high−scale levels of odious debt are the crimes against humanity of “gold standard” ambiguous money cycles and “business cycles” we’ve seen before. And indeed these are based on moneypulation directly, and they can secretly haunt, enslave and suppress well beyond the borders of a single country, without even having to get one’s hands dirty with “economic hit men” on the field.
