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Re: Haiti watch the news and see for yourself

 How did Haiti get broke???????

 According to the Haiti Support Group, "Haiti's debt to international financial institutions and foreign governments has grown from US$302 million in 1980 to US$1.134 billion today. About 40% of this debt stems from loans to the brutal Duvalier (Papa and Baby Doc) dictators who invested precious little of it in the country. This is known as â€?odious debt' because it was used to oppress the people, and, according to international law, this debt need not be repaid."

As the 20th century began, foreign powers, especially Germany, France and the US, repeatedly sent gunboats into Haitian waters. The most common reason for the incursions was to press Haiti to pay debts it was unable to afford. In one instance, US marines secretly entered Port-au-Prince and took the national treasure. The 1915 US invasion/occupation of Haiti was partly about forcing the country to repay its debt.

http://www.zmag.org/znet/viewArticle/7102
This is CABL.com posting #288764. Tiny Link: cabl.co/mbnhE
Posted in reply to: Re: Haiti watch the news and see for yourself by Nat Light
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