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The Soon Coming Judgment Of God Upon America and How To Escape It 249
government a country wishes to have.’”
981
A similar question was asked of Thomas Theobald, Vice President of Citicorp, in 1981
about his bank’s loans to Communist Poland. He responded: “Who knows which political system
works?” and further stated: “The only test we care about is, can they pay their bills.” This last
statement was deceptive because Citicorp really didn’t care whether Poland could repay but
whether US would be able to repay the loans because the US was the guarantor.
982
A few months before Theobald made the above statement, on February 2, 1982, the Los
Angeles Times ran an article entitled “U.S. Repaying Loans Owed by Poland to America Banks.”
The following excerpt explains the story:
WASHINGTON—For months, the Reagan Administration has been using
federal funds to pay Polish loans owed to U.S. banks, and the bill for this fiscal
year may amount to $400 million, Deputy Secretary of Agriculture Richard E.
Lyng said Monday…. “They (the Polish authority) have not been making
payments for at least the last half of the year,” Lyng said. “When they don’t make
a payment, the U.S. Department of Agriculture makes a payment.”…
Lying said the U.S. Government paid $60 million to $70 million a month
on guaranteed Polish loans in October, November, December, and January—and
“we will continue to pay them.”
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The Polish loan, which was in default, was a $1.6 billion dollar loan. The loan went in
default at a time when “the Polish government had declared martial law and was using military
force to crush workers’ demonstrations for political reform.” Other countries soon to default on
their loans were Communist Romania and a host of Latin American Countries.
According to G. Edward Griffin in his book The Creature From Jekyll Island: “The hard
fact is that American taxpayers unknowingly have been making monthly payments on behalf of
Communist, socialist, and so-called Third-World countries for many years. And, with the more
recent staging of apparent reform within the former Soviet bloc, Congress has tripped all over
itself to greatly accelerate that trend.”
984
In 1982 Senator William Armstrong in an address to the US Senate voiced the same
concerns of Griffin above. Senator William blamed much of the US’s budgetary problems on aid
to the Soviet Union, he stated:
America’s budgetary woes would not be nearly so severe if our economy
were not groaning under the strain of financing two military budgets: Our own,
and a significant portion of the Soviet Union’s…. This great irony for Americans
who will be asked to tighten their belts in order to pay for our defense needs is
that much of the additional money that must be spent on defense is required to
offset Soviet weapons that probably could not have been built without our
assistance…. It is difficult to overstate the extent to which the West had
contributed to the military threat that now endangers our very existence.
985
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