Critics Decry Destroy and Lend Policy

[Matilda]

Lebanon is firmly en route to becoming the third nation in the Middle East after Iraq and the
Palestinian territories to experience a devastating Washington-backed war and a massive influx of
new illegitimate debt to cover reconstruction expenses, anti-debt activists say.

A conference held Thursday in Stockholm for donors raised more than 940 million dollars in pledges
of new money to reconstruct Lebanon after 33 days of israeli bombing of the country's infrastructure,
bridges, roads and factories.

(snip)

On Thursday, the International Monetary Fund (IMF) said the damages could reach at least 3.5
billion dollars for infrastructure alone.

(snip)

At this rate, Beirut will most certainly continue to turn to international lenders and donors for
help with reconstruction for a long time. And this, debt watchers say, will in turn plunge the
country into greater debt.


http://www.commondreams.org/headlines06/0902-01.htm



Is this the result of lack of forward thinking on the part of the Bush Administration? Or could
it be part of the plan? The article mentions Iraq and Palestine, but Afghanistan isn't too
healthy either. And all these countries will end up owing huge amounts of money to the US-
controlled IMF and World Bank. Stupidity - or conspiracy?

[silverweb]

1. Part of the plan, I'd bet.

All part of the plan.

[Selatius]

2. I don't think moneylenders help plan this war, but I do think...

they will profit off the misery when the first bill comes due...with compound interest.