Carolina QuotesThe non-institutional elements of Bretton Woods, such as the gold-backed dollar standard, have gone by the wayside, but the World Bank and the IMF soldier on... Western governments tax their citizens to fund the World Bank, lend this money to corrupt Third World dictators who abscond with the funds, and then demand repayment which is extracted through taxation from poor Third World citizens, rather than from the government officials responsible for the embezzlement. It is in essence a global transfer of wealth from the poor to the rich. Taxpayers around the world are forced to subsidize the lavish lifestyles of Third World dictators and highly-paid World Bank bureaucrats who don't even pay income tax.
Ron Paul Connected to the Carolinas
Source
World Bank Hearing, May 22, 2007 [http://www.youtube.com/watch?v=qNZdba8hDDY
- work
- 2006-2009
- year
- 2006
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“The non-institutional elements of Bretton Woods, such as the…” Ron Paul. Carolina Quotes, record CQ-87BC7A91AC. https://carolinaquotes.com/quote/87bc7a91ac
More from Ron Paul
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It's a mistake to think that poor people get the benefit from the welfare system. It's a total fraud. Most welfare go to the rich of this country: the military-industrial complex, the bankers, the foreign dictators, it's totally out of control. [...] This idea that the government has services or goods that they can pass on is a complete farce. Governments have nothing. They can't create anything, they never have. All they can do is steal from one group and give it to another at the destruction of the principles of freedom, and we ought to challenge that concept.