... That’s the “plan” that requires, as President Obama blusters, “every element of national power” to fight? I don’t think so. You gotta look a little closer than a singed pair of tightie-whities if you want to know why President Obama is going to kill more people in Yemen. I have. Take a look.
The other day I wrote about President Obama’s attempt to assassinate a witness in Yemen as well as the IMF and World Bank connections related to that nation as the probable reason the US feels compelled to invade. The premise was, that with all the free-market “reforms” being forced on the people of Yemen by these privately owned international banking institutions, the poor of that nation were rising up against the corrupt government and it looks like without our help, there will be a regime change. I wrote about the involvement of the Kuwait Energy company and their connections with the World Bank as it relates to the multiple ongoing oil and LNG pipelines running throughout the country. Basically, I estimated based on information from the websites and publications from the World Bank, IMF, and Kuwait Energy websites that there was about a quarter of a billion dollars at stake and that it was that money that was the reason President Obama chose to attack the people of Yemen.
Once again, Obama and his adminstration are serving the banks interests first.
Well, hold onto your hats folks… I was wrong. Yes, you heard that right. Scott Creighton (willyloman) is admitting he was wrong. My research was incomplete and I missed the mark by quite a bit.
Instead of having a quarter of a billion dollars of foreign investment on the line… it’s more like 5 billion dollars.
Yemen’s foreign debt has increased from $8.9 million to $5.9 billion since July 2009, according to the report on banking and currency developments issued by the Yemen Central Bank.
The IFC’s institutions topped Yemen creditors, with Yemen owing them about $3 billion, including $2.2 billion for the International Development Foundation.
The rest of the debt was for the Arab Fund for Economic and Social Development, the International Fund for Agriculture Development IFAD, the Islamic Development Bank, the International Monetary Fund, the OPEC and the EU.
Yemen’s debt for the Paris Club Members came second by about $1.8 billion, with $1.3 billion in Russian loans.
Many outstanding loans come from Japanese, U.S., French, Italian, Spanish, Danish, Dutch and German sources.
The country’s debt for other creditors came in the third place with Yemen owing Saudi, Kuwaiti, Chinese, Algerian, Korean, Polish and Iraqi funds about $836 million. The debt for unidentified sources reached $195.7 million by July. YOB Sept. 2009
Since July of 2009, money has been pouring into Yemen fast and furious; money that may never be recovered were there to be a revolution and subsequent regime change in that nation. President Obama can’t allow that to happen. But how is he going to go to the American people and tell them that foreign investors and international banks are worried about their billions in investments in the “reforms” of Yemen’s socioeconomic system? That wouldn’t be an easy sell to a post TARP Bill nation now would it? READ MORE...
