Blaming the structural debt problems left by the past administration, Pakistan’s current government is expected to seek $12 billion in loans from the IMF to prevent an outright crash.
This makes the 21st time the IMF has lent assistance to Pakistan. The IMF always requires painful economic reforms as a condition for loans. More
Their other choice would be to seek a bailout from China. Earlier this this summer the Pakistan borrowed $2 billion from the communist nation to keep the economy afloat. Exacerbating their current debt problems has been a $62 billion loan from China for the creation of a China-Pakistan Economic Corridor, that some critics have charged has already reduced Pakistan to the status of a “client state.” More
Barry Soqueero went to Pakistan with
2 swarthy greasy Paki room mates
in 1983.USA had a travel ban at the time.
Why did Soqueero get to go there? and with
what countries passport ? I don’t trust Pakistan
and they are NOT our friend.
Didn’t any Pakis read John Perkins’ Confessions of an Economic Hit Man? It was a best-seller for a long time and is rather famous. I guess nobody bothered to translate it into Urdu.
The technique used by countries and multinational corporations to acquire “client states” by loaning them money with strings attached that funnel not only the interest and principal repayments (on those rare occasions where principal is actually repaid) but also the proceeds from the projects for which the money was lent in the first place back to the lenders and their cronies is really, really well understood now. The U.S. has been doing it for decades and the U.S. is not alone in this sleazy bidniss.
For anyone not familiar with the book, HERE‘s the publisher’s page for the new edition. And if anyone wants to read the original book from 15 years or so ago, you can download the .pdf HERE.
Already virulent Mohammedans in thrall to the Red Chinese.
What could possibly go wrong.
Things get a little tough when the U.S. greenbacks are choked off don’t they you treacherous bastards?
A “Client State” with a nuclear arsenal. Terrific.