This is the model the banks will follow for the rest of the developed world. Engineered financial implosion and black holes, to aid in developing their new world order. Debts are not designed to be paid back, nor can they be.

“the model of development that has prevailed to date for these countries has failed”

Nonsense! The model of exploitation has been perfected. Expect more of the same, and gales of laughter from Wall Street.

[...] This post was mentioned on Twitter by 93.7 WBLK: T-Boogie, LoveU, WorldNewsRecord, Chael Montgomery, owen and others. owen said: Global poverty doubled since 1970s: UN: GENEVA — The number of very poor countries has doubled in the last 30 to… http://bit.ly/guFE9X [...]

From the Story

“What happened is that in the past 30-40 years, the number of LDCs have doubled so it has actually deteriorated, the number of people living under the poverty line has doubled from the 1980s.”

More evidence, if we needed it, that globalization under the Hayek/Friedman neoliberal model of free trade and large scale extraction of minerals and resources by companies wholly owned by huge multinationals who basically steal the nation’s wealth, while offering little or nothing in the form of development. What little development that occurs is only designed to benefit the extraction process, and is generally accomplished by loaning back to the government monies that were already stolen from the country in the form of the extractable minerals and resources. Then when the loan payments become over bearing especially in the as the extractable resources begin to run out or the prices for those minerals and resources fall the country is left with a huge debt which can only be paid by an infamous neoliberal austerity program designed to wrest every last salvageable business possibility from the government, whether water utility or electric company or any other source of money, while the government is forced to cut back on any programs that might help the people living in the country.

But never fear if the neoliberals and their friends and supporters here have anything to say about it, by the time they get done privatizing the rest of the United States government functions including Social Secuity, the Veterans Administration, and Medicare, the U.S. will be added to this same list of damaged countries. And don’t think for a minute that if one of these ignoramuses currently thinking about running from the right or many more of these rabid Rand Paul Teaparty types get elected to Congress that it won’t happen within the next ten years.

These anti-government free market obsessed radicals are getting up steam and they will not stop until their are two distinct classes in the United States the super rich and the poor. The transfer of wealth that began under Reagan continues unabated and the amount accruing to the top 10 percent increases every year and the power that this money buys increases with each new Supreme Court decision.

And if Obama or some Democrat can’t change the balance on the Court soon, we are all doomed to lose whatever remains of the remnants of a middle class. And if you think for a minute that the Hayek/Friedman model encourages a healthy middle class think again. The middle class is the enemy in Hayek’s “The Constitution of Liberty” and he even refers to the middle class as the “them” in his “us/them” dichotomy. So the disappearance of the middle class is not an anomaly or an unanticipated result of their policies, it is part of the process, a part of their goal. The middle class is in their eyes simply getting a undeserved piece of what they consider their profits and they want that money for themselves.

And anyone who argues to the contrary has not read Hayek very carefully at all.

“the model of development that has prevailed to date for these countries has failed”

Nonsense! The model of exploitation has been perfected.

Expect more of the same, and gales of laughter from Wall Street.

Can’t speak for the rest of the world, but as for here in the U.S., how’s that “War on Poverty” working out for ya? In case you haven’t noticed, any time they declare a “War on XXX”, XXX ends up getting worse, not better… And any time you have to codify “Free Trade” you can pretty well guarantee that the “Trade” will be anything but “Free”.

[...] From Raw Story:  http://www.rawstory.com/rs/2010/11/global-poverty-doubled-1970s/ [...]

When you systematically employ a global United Fruit Company model, and lever up the ante with IMF money-sharking when our Despot du Jour fails to pay the Vig, extreme poverty is the expected outcome.

Thats because we didn’t move them into trade related growth…we moved them into debt related slavery. Quit letting World Bank and IMF dictate the terms of aid to these countries and you might see a glimmer of improvement. Stop bombing countries that attempt to claim ownership of billions in mineral rights that were sold for pennies to foreign companies…the sales were illegal and thats final. Let them profit from their own efforts instead of bleeding them dry and keeping them dependent.

Lots of specialists claim that loans help a lot of people to live their own way, because they are able to feel free to buy needed stuff. Furthermore, different banks offer secured loan for different persons.

The current system of economic slavery is working for those at the tippy top. It captures more and more of humanity and the resources of the Earth daily. The UN was put in place to facilitate the process and according to this report, they seem to be doing quite well.

We will never be free as a species under this system. We will never have a peaceful world if we continue to live under the spell of money, the false wealth it brings or the destruction it leaves in its wake.

We cannot continue to keep from another what he or she needs to survive and expect change. We cannot continue to live in scarcity while the economic vultures circle over the strays we’ve turned our back on because we too are struggling.

The time for struggle has passed. The time to engage each other and hold fast against the storm is upon us. The time of the warrior monk is now.

The Curtain Must Fall!

[...] shoppers cruise the bargain bins after gobbling up gravy-fied (such a word?) foodstuffs yesterday, poverty wordwide is outta sight: The number of very poor countries has doubled in the last 30 to 40 years, while the number of [...]

As if they don’t know that the greatest cause of poverty in the world today and the extreme distortions in wealth/resource distribution is the banking system. Fiat money, fractional reserve banking and a system rigged to privatize profits and socialize costs are obviously going to lead to such results. We have given the power to create credit and therefore money to private corporations….that is where it all goes wrong and they should all know that.

The poor does not matter to the upper hatters who only worry about the their bottom line and improving on that. That so many people are starving, out of work, not knowing what the next day will bring matters not. Poverty is a result of the wrong kind of capitalism and the wrong kind of use of resources without concern for the consequences and without thinking that more can be shared and still the wealthy would have more than enough to live their lives out in luxury, but too many live theirs out in misery for no fault of their own. This always remnds of the Fritz Lang silent movie classic METROPOLIS (1929).

Exactly! The IMF & World Bank too.

Read “Confessions of an Economic Hit Man” – John Perkins.

http://www.amazon.com/John-Perkins/e/B000APETSY

http://www.johnperkins.org/

I think most of us have experienced this to some degree.

I think most of us have experienced this firsthand.

Don’t worry…we are rushing to catch up.

dum dum dum all the goy in a line waiting for a crumb of bread

dum dum dum all the goy in a line waiting for “charity”

you think this is an “accident”? or “natural course of economics”? lol be a good goy and go serve someone let those who been doing the thinking for you do what they will as they always have.

the poor people have more children than the rich. why? because FUCKING is the only fun they have.

[...] (AFP) – Global poverty doubled since 1970s: UN – Read More Here [...]

The only end point to this is further poverty, collapse and starvation – nature telling us there are too many people. The global inequality is the cause of unbalanced population growth and impoverished lives. We perversely waste scarce resources on things that destroy when directing a fraction of these resources could help stabilise population levels and reduce disease.

In response to the stupid and ignorant comment about poor people having more children than the rich. Poor people have more children as it is their safety net in old age (no welfare system, pension, etc) and also historically many children died at birth or when very young. If you provide increased incomes, health care, education, etc, people tend to have less children as has been the case with countries that have higher per capita incomes.

One of the most important books of the last quarter century. Interesting side note: Greg Palast says he knew and knocked heads with Perkins when he was still up to his ears in the scam, and he was a total asshole. But he has more than redeemed himself by his courageous turnaround. Palast of course was an investigator of power plant scams in upstate New York, and also for the UN, before his celebrity/notoriety battles against the Deep State.

this is disgusting. DOWN WITH THE WEST. save us from the pigs al qaeda

Not only has global poverty double from the 1970s, chemicals in food and the environment increased, and the likelihood of global warming has also increased. The world’s population has continued to increase. And, the U.S. hasn’t ceased in its efforts to make war as opposed to develop diplomatic relations aboard.

Remember the 1960s and all those “leftists,” so they were labeled, whether absolutely true or not, who began warning us about environmental problems, the continued deterioration of the planet and global poverty? Well, they’re ideas, notions and plans were disposed of by blitz of misinformation, quite successfully.

So, here we stand today, quite dumbfounded muttering to ourselves, “Huh? What happened?”

Interesting reading. I appreciate your effort, have a good day!

So, what’s happened to the billions and billions that Bill Gates and his oligarchical friends claim to be giving to the “poor and needy”? Why the hell can’t the people wake up and see the fraud that surrounds them, every day?! Monsanto, Big Pharma and the banksters are very close to TOTAL CONTROL!

The environmentalist ( whites who have every reason to fear the sun ) are the problem. Do you really believe that they didn’t have something to do with this? Create a problem, then “solve” it. The third world has gone down to even lower lengths since these people have gotten their say. They are the reason so many people are dying in these countries of the “so called” environmental disasters. Foster dependence, then blame the dependents.

If more people had tightened up the immigration laws and kept Europeans out of their countries none of this would be happening now. It’s the “white establishment” in other nations that has caused these problems. Maybe, it’s the people of European descent who should have stayed in the “their” home countries of origin to begin with, that have created and benefited from these problems.

Modern “civilization” forced on everyone else has crippled them, and caused all of the environmental disasters so far. Maybe the planet heating up would be a good thing. At least then, the 10% of people ( Europeans and their white American counterparts ) who own 90% of the resources would die of sun exposure and then the world could heal itself.

[...] number of very poor countries has doubled in the last 30 to 40 years, while the number of people living in extreme poverty has also grown [...]

Sadly but true

[...] the UN Conference on Trade and Development, the number of “least developed countries” has doubled over the past 40 [...]

[...] number of “least developed countries” has doubled over the past 40 [...]

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[...] the UN Conference on Trade and Development, the number of “least developed countries” has doubled over the past 40 [...]

[...] the UN Conference on Trade and Development, the number of “least developed countries” has doubled over the past 40 [...]

[...] to the UN Conference on Trade and Development, the number of “least developed countries” has doubled over the past 40 [...]

[...] to the UN Conference on Trade and Development, the number of “least developed countries” has doubled over the past 40 [...]

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I would like to thank you for the efforts you have made in writing this post. This has been an inspiration for me. I’ve passed this on to a friend of mine. thanks.

[...] France-Presse 25.11.2010 http://www.rawstory.com/rs/2010/11/global-poverty-doubled-1970s/ GENEVA – Numarul de tari foarte sarace s-a dublat in ultimii 30 – 40 de ani, in timp ce numarul de [...]

[...] the UN Conference on Trade and Development, the number of “least developed countries” has doubled over the past 40 [...]

Many of these people in poverty were forced from their land in these dictator run nations. The dictators are there with the help of the UN. The UN is also biased to report it this way so that can sponge more money from the advanced nations too. This is all a scam to further redistribute money from the wealthy nations back to small dictator run third world nations. The sad part is that most of the money and food that is given to these nations never make it to those in need instead it is absconded by the dictators and the elitists who say they are in need of the money and supplies.

Accidents will happen (in the best-regulated families).

Well written article, well researched and useful for me in the future.I am so happy you took the time and effort to make this. See you around

Thanks for the post I actually learned something from it. Very good content on this site Always looking forward to new post.

[...] “The traditional models that have been applied to LDCs that tend to move the LDCs in the direction of trade-related growth seem not to have done very well,” said Supachai Panitchpakdi, secretary general of UNCTAD. – Raw Story [...]

[...] the UN Conference on Trade and Development, the number of “least developed countries” has doubled over the past 40 [...]

[...] (Conferenza dell’ONU su Commercio e Sviluppo), il numero di “paesi meno sviluppati” è raddoppiato negli ultimi 40 anni. I “paesi meno sviluppati” hanno speso 9 miliardi di dollari per [...]

[...] (Conferenza dell’ONU su Commercio e Sviluppo), il numero di “paesi meno sviluppati” è raddoppiato negli ultimi 40 [...]

[...] 1. В соответствии с Конференцией ООН по торговле и развитию, число «наименее развитых стран» за последние 40 лет удвоилось. [...]

[...] 1. В соответствии с Конференцией ООН по торговле и развитию, число “наименее развитых стран” за последние 40 лет удвоилось. [...]

[...] the UN Conference on Trade and Development, the number of “least developed countries” has doubled over the past 40 [...]

[...] 1. В соответствии с Конференцией ООН по торговле и развитию, число «наименее развитых стран» за последние 40 лет удвоилось. [...]

[...] 1. В соответствии с Конференцией ООН по торговле и развитию, число «наименее развитых стран» за последние 40 лет удвоилось. [...]

[...] (Conferenza dell’ONU su Commercio e Sviluppo), il numero di “paesi meno sviluppati” è raddoppiato negli ultimi 40 [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] (Conferenza dell’ONU su Commercio e Sviluppo), il numero di “paesi meno sviluppati” è raddoppiato negli ultimi 40 [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 ”Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 ”Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] #4 “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]

[...] “Least developed countries” spent 9 billion dollars on food imports in 2002.  By 2008, that number had risen to 23 billion dollars. [...]