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34 THE RURAL VOCE
countries (LDC) and gives them
collateral.
World Bank loans, as they stand
now, are not backed by collateral. The
banks are saying, "Okay, if we refi-
nance these Third World debtors and
get their economies going again, then
we want collateral. For example,
when we loan -swap this debt, we're
going to own the Amazon Basin if you
default."
It should be obvious to most of us
by now that the (LDC) cannot pay off
their present debts, let alone keep up
with interest payments. They're going
face financial collapse if they don't get
the WCB, and most likely they will
lose their collateral because they
won't be able to pay off the WCB
loans. However, somebody,
somewhere, is going to make their bad
loans good, and somebody,
conservation bank, etc. etc. etc."
Brundtland's report set the stage for
unlimited enactments to take over
ecological, environmental, and
pollution laws throughout the world.
So not only do we have a bank
forming, but we also have a proposal
for very harsh, quasi -spiritual, eco-
logical laws. We are going to have a
"Mother Earth Comes First" mentality
or cult arising throughout the world as
a result of this legislation.
How fast is this whole thing
moving and when will the WCB go
into action? It will be soon, because
as Rockefeller said in his speech, "the
good news is the collapse of the mon-
etary system that was predicted by
some regarding each of the major
borrowing countries has been resolved
`temporarily' by extending the debt."
"Temporarily" — indicates that he
"An international currency has reportedly
already been printed in Canada, including
the United States' portion."
somewhere, is going to end up with
title to a lot of real estate.
It seems logical that this WCB
scheme should be put into effect under
the auspices of the United Nations.
"There was a United Nations
World Commission on Environment
and Development created in 1982 that
published what's called the
Brundtland Report, actually entitled
Our Common Future. (Readers can
order a copy of Our Common Future:
A reader's guide, which is a short
abstract of the Brundtland Report, for
$4.00 postpaid from Earthscan, 1717
Massachusetts Ave. NW, Suite 302,
Washington, DC 20036.)"
Gro Harlem Brundtland, the prime
minister of Norway, attended the
Deaver conference.
The United Nations had asked
Brundtland to find out about
ecological conditions in our world.
She came back with her study and said
the conditions were terrible. The UN
then asked what she recommended.
Her reply was, "I recommend a world
wants some permanent solutions.
"The bad news is that lower petroleum
prices in 1986 (have) caused countries
to renegotiate the schedule for debt
repayment again. The borrowing
countries are in better shape because
interest costs have fallen since 1982,
but the cost of servicing the nearly
$400 -billion Latin American debt is
still enormous. One-third of Latin
America's export earnings are devoted
to paying interest on this debt, accord-
ing to the Institute for International
Economics in Washington. Two-
thirds of the nearly $400 billion in
debt is owed to a number of com-
mercial banks, including Chase
Manhattan. Most debtors are paying
only interest payments, not principal,
and while economic conditions have
improved, the countries still face
political and structural problems that
could hamper repayment."
At the end of a caucus meeting,
Baron Rothschild said, "This will be a
second World Marshall Plan" which
means that the governments are going