Navigation bar
  Print document Start Previous page
 134 of 641 
Next page End  

The Soon Coming Judgment Of God Upon America and How To Escape It                134
the United states raised the price to three and one-half times its original (1970) price.” They
could do this because Korean rice production had been decimated. By 1980, US food aid had
been distributed to 130 nations.
According to the IFPD, the food aid program has also turned out to be a windfall for US
multinationals. Under P.L. 480, US multinationals can borrow the local currencies from the US
government at very low interest rates in order to open US subsidiaries in those countries.
Production facilities such as beef and poultry have been established for both domestic
consumption and export. Those facilities typically increased P.L. 480 imports of cereal crops for
feed production. This in turn has further decimated local cereal production.
438
The food aid program is not aid at all. From its very beginning in 1954 the program was
designed to further the interests of the US. These include government foreign policy interests,
farm interests and corporate interests. There was no humanitarian intent in the law at all, such
intent was amended into the law in 1966. As can plainly be seen, this amendment appears to be a
deception for the American public. According to the IFPD, “[p]ublic records unequivocally show
that US policymakers have viewed the food aid program as a means to:”
Rid US markets of price-depressing grain surpluses.
Open new markets for commercial sales of US farm products and thereby offset trade deficits.
Provide for US military interventions in the third world.
Extend the reach of US agri-business corporations into food economies abroad.
Pressure foreign governments to accommodate US economic and military interests.
439
Development Loans
Foreign aid in the form of development loans have been flowing to the less developed
and developing nations for over 60 years. These loans come from the World Bank, IMF, IDB
and other smaller international development banks. This sounds like a noble endeavor but these
aren't gifts, they're loans; they have to be paid back with interest. The Bible counsels us that “the
borrower is servant to the lender” (Proverbs 22:7). In 1990 the “total debt of all low and middle-
income developing countries” was “roughly half of their combined gross national product.”
440
Further, between 1948 and 2000, the average per capita income of the developing world
increased approximately $1,050 from $100 to $1,150. At the same the average per capita income
in the US increased $32,500 from $1,600 to $34,100. The income ratio of the US to the
developing world has greatly widened during the past 60 years of foreign aid from 16:1 to
29:1.
441
The devastating consequences experienced by third world nations as a result of
development loans have proven God's counsel to be absolutely true. The citizens of the third
world have become slaves. Regrettably, the failure of development loans to relieve third world
poverty and hunger isn't by chance or accident, it is part of a carefully laid plan to bring the third
world under the thumb of the NWO.
The debt of developing countries in 1992 to western governments, multilateral aid
agencies and commercial banks was in excess of $1.7 trillion. “Through 1989 six nations … had
been relying on IMF aid for more than 30 years; 24 countries had been borrowers for between 20
and 29 years. And 47, almost one-third of all the states in the world, had been using IMF credit
for between 10 and 19 years.”
442
Click to Convert - Powerful PDF Converter and HTML Converter.