If the Guyana government wants the equivalent of 10 million US dollars for some local project but does not want to borrow. They must first go the the central bank with a “show of hands” meaning they must first show the bank that they have the 10 million of the worlds reserve currency in their hands, they must also turn out their pockets to ensure no underhand tricks are taking place.

The central bank then takes that 10 million US and “removes it from circulation” so that the Government cannot come back with it again. They then call upon the printing presses (I assume in Canada) to print the equivalent in Guyana currency.

Now that 10 million US dollars shows up as a deposit on their books, and according to their banking laws they are entitled to lend out 90% of that amount, so right there they have just created 9 million US dollars out of thin air, which they can go on to lend again and again to the tune of 90 million US dollars. See the trickery where money is created by simple computer entries and lend to countries at exorbitant interest?

Now the amount of third world debt in 2006 was 2,100 thrillion US dollars. The banking cartel if they really were interested in assisting these countries to develop, can wipe out that entire amount by a simple keystroke of all zeroes where that amount stood, and thats it, debt is gone, finito, no more and the world is now debt free.

Now I know your might be thinking how is this possible, it is possible because that was the way it was created in the first place, out of thin air.

The banking cartels are not using any monies from European depositors or any other persons accounts. What is happening is the deposits allow them to lend out 90% of that amount and they simple print the amounts with no backing of assets of any kind. In otherwards it is legalised counterfeiting.

That is how they get these neverending sums of money to lend to the third world countries and just sit back and collect interest. This is what is known as fiat currency lending.

Henry Ford was once rumoured to have said, that if the American people really knew how their money was created as loans to them, there would be a revolution overnight.

This entire system that has bankrupted entire nations is an illusionary slight of hand magic trick conjured up by none other that the brilliant and cunning minds of our European Masters of trickery and greed.

Joe.

This is the nature of our banking system. What makes it worse is that they are in the major foreign owned and the profits are transferred to other countries. It is impossible for our country to be built in this way as businesses are not being facilitated.

We need to examine alternative economic systems. I believe if the private sector commission would commence to think rationally then they would see that they cannot be the engine of wrowth as , and i do not blame them, they only look after themselves and their profits.

the social reponsibility that Jerry and Mc lean speak about is not going to happen as capital tend to control people as opposed to the vice versa.

He is the person that coined the term “micro loans” that term was nowhere in the lexicon of the banking cartel. Now they have rewrapped their vulture loans around the term micro loan which they are now using to entrap the poorest of the poor in all third world countries.

The Guyana government who has already been entrapped by this evil system would be wise to secure copies of Dr, Yunus’ books and invite him as a guest speaker to Guyana. and stay away from the masters of evil.

The banking cartel are the personification of evil encarnate on this planet. If there is ever such an entity as THE DEVIL on earth, they embody its character in every shape and form. They are the ones responsible for every social ill and injustice on this godly earth.

We should never forget NO WAY, they crucified Jesus Christ. They did not disappear in the dust of time and history. They are still alive and more powerful than ever and now are in the business of crucifing nations.

Let us pray that more people like Dr. Yunus can show us the path to economic freedom and prosperity, and world leaders like President Putin can stand up to their military wing and thwart their ultimate agenda of a NEW WORLD ORDER

Joe.

The interest rate of loans are set so that after paying expenses, the bank makes a modest profit which is returned to the shareholder-borrowers in the form of dividends. The bank’s website reports that 54% of it’s borrowers have crossed the poverty line and another 27% are very close to it, beginning with loans of as little as $50.

Loans are given to people that other banks- operating under the guidelines set by the IMF- would be considered bad credit risks.

92% of the bank is owned by its borrowers (mostly women) the government of Bangladesh owns the rest.

As soon as any country takes a single dollar from the IMF and its gang of ungodly thieves, it commits the untimate sin of guaranteeing poverty of its people not eradicating it.

Joe.

It was an Indian economist ( I do not recall his name) who introduced this concept. He raised local capital and charged a very small interest. Both the principle and interest remained in the region to fuel further development.

This entire undertaking would have been doomed to failure if he had taken loans from all of the above mentioned vulture capitalists who deliberately use their system of usery to entrap and enpoverish entire nations.

I am talking about the following statement you made in your article
“This effort became an integral part of the program of support provided by the IMF, World Bank, and the United Nations development agencies, the European Union and other donors as Guyana made adjustments to its economy under their direction in the last 20 years”

As you mentioned, Guyana made adjustments to its economy under their direction in the last 20 years- and what was the result?- widespread poverty and unemployment.

So here they come again under the ostensible guise of assisting in replicating the India success story. They have no shame in their trickery for taking credit for a success story they had nothing to do with. They have now usurp[ed the entire concept as their own, but under their system, it will fail and the government will be blamed for its mismanagement.

They want it to fail because the real system that was used in India kept them out of the loop. If this system catches on in the rest of the third world, they would not be able to profit from it.

Every hungry, malnourished and illiterate child, every idle unemployed person in Guyana and the world over are as a result of the slight of hand money trickery of these Robber Barons.

If you really want to repeat the success story of the women of India, I can get you the name of the Indian economist who made it happen, but first the Guyana government must upturn to tables of the money changers and politely tell them thanks but no thanks.

Joe.