Go Back   Old Project Avalon Forum (ARCHIVE) > Project Avalon Forum > Whatís Going Down > News And Updates

Notices

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 02-08-2010, 10:02 PM   #1
viking
Avalon Senior Member
 
Join Date: Sep 2008
Location: UK
Posts: 1,709
Default Universal debt forgiveness is about to be announced!

Found this on my travels... Looks interesting...wouldn't it be great!!

I believe Fulford has mantioned this a couple of times...

Universal debt forgiveness is about to be announced

Before the cabal\'s US-UK war of occupation and plunder began in Iraq in March 2003, Iraqi exiles expressed the hope that in a post-Saddam democratic Iraq, there would be a fair and equitable disposition of Saddam\'s debts. These Iraqis wanted the future administration of Iraq and the international community to review the debts accumulated under Saddam\'s régime. Those loans which had been used for benign purposes should be restructured and paid back by Iraq over a prudent time period. Those loans which were used for objectionable purposes and which did nothing to enhance the well-being or prosperity of the Iraqi population at large, should be struck off the record immediately and completely.

This illustrates one of the core principles of debt forgiveness. Why should Iraqis be forced to repay the US, the British, the French, the Germans, the Russians, and all the others who had financially supported Saddam\'s oppression of them?

The Iraqi argument for debt forgiveness had a sound basis in law. It reflects the century-old legal principle of the Doctrine of Odious Debts.

The Doctrine of Odious Debts was created to further international finance by limiting the ability of governments to repudiate debts. Three conditions had to apply before a sovereign state could repudiate a debt: (1) The debt must have been incurred without the informed consent of the citizenry of the state. (2) The debt must not have benefitted the citizenry of the state. (3) The lender must have been aware of conditions (1) and (2) at the time that the loan papers were signed.

The United States employed these principles after the Spanish-American War to repudiate the Cuban debts.

If a despotic power incurs a debt which is manifestly not for the needs of the State, or not in the plain interest of the State, but is a debt incurred solely to strengthen the position the despotic cabal as a self-serving faction within that State, the debt is odious. The debt is not an obligation for the nation; it is a cabal debt, a personal debt of the cabal which incurred it. And the debt falls with the fall of the cabal.

The Doctrine of Odious Debts not only promotes accountability, it promotes democracy in the debtor state as, one by one, the nature of the inherited debts are articulated in a public legislature.

The Doctrine of Odious Debts also promotes democracy in creditor states. In Canada and most European nations, the lending of state enterprises is generally hidden from taxpayers. Canada\'s export credit agency, Export Development Canada, for example, is exempt from Canada\'s Access to Information law. In the case of Iraq, state agencies from France, Germany and Russia may have made questionable loans. Under an odious debt process, they would need to establish that they acted with due diligence to be entitled to repayment. Knowing this, they would be less likely to make questionable loans in future.

Debt forgiveness and the Doctrine of Odious Debts also applies to individuals. The same principles have legal traction on loans or structured financial inducements made by financial institutions such as banks, mortgage-lenders, insurance companies, stock-trading entities, energy conglomerates and pharmaceutical firms.

If the intention of the financial transaction tied to the loan, or tied to the financial inducement, is extortion, if it is, in effect, an élite scheme to bamboozle the borrower with small print or to blind him with science, that loan or inducement, should be struck off the record immediately and completely. The debt was not incurred with the informed consent of the borrower. The debt did not benefit the borrower. And the lender was well aware of these facts when the loan papers were signed.

Universal debt forgiveness is on the way as part of the planet\'s new gold-backed financial system. It has deep historical roots and powerful support in natural law.

http://alcuinbramerton.blogspot.com/

Feb. 7, 2010

viking
viking is offline   Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 11:06 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Project Avalon