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Re: cemetery with Chernobyl victims?
Thanks very much, Oleg, for this important correction to my cavalier treatment
of the Russian debt. My understanding is that you are correct that the ultimate
beneficiary of a lot of this largess is Western banks. In effect, our banks loan
money to Russia, Mexico, Haiti, and so on with little care about the quality of
the loans - no need when the money is guaranteed by the federal govt. , IMF, or
possibly the World Bank - which translates to US taxpayers.
Thanks again for pointing this out - sometimes it is hard to be sufficiently
careful.
Maury Siskel maury@webtexas.com
============================================
Oleg Povetko wrote:
> Maury, saying that "cash is gone" is not technically correct. International
> financial institutions keep collecting billions of dollars in interest every
> year from Russia including payments on Soviet Union debt that other 14 newly
> independent countries do not repay. The money-laundering schemes transfered
> portions of those loans to the Western banks, so after all, it is a pretty
> good deal for the Western financial institutions.
>
> Over the coming six years Russia is to make US$85bn in foreign debt- service
> payments-around US$13bn-14bn per annum, except in 2003, when US$19bn in
> payments are due.
>
> "Russia repays further tranche of IMF debt
>
> BY SAPA-DPA,
>
> [Moscow, 23 February 2001] - The payment is a small part of the nearly $2
> billion that Moscow is due to repay the IMF this year. With Friday's payment
> reported by the Itar-Tass agency, which cited the Finance Ministry, Moscow
> has so far paid some $400 million of the sum.
>
> Russia, with debts to the IMF totalling about $12 billion, has not received
> any financial support from the IMF since 1999. The body cut off its support
> then, citing Moscow's economic policies, corruption allegations against
> Russian politicians and the war in the Caucasus region. "
>
> As CNN reported on February 5, 2001 at
> http://www.cnn.com/2001/WORLD/europe/02/05/russia.financial/
> "Russia's total foreign debt totals about $150 billion, with about $100
> billion inherited from the Soviet Union..."
>
> Oleg G Povetko
> povetko@hotmail.com
>
> >
> >
> > Phil, I believe Franz provided the answer. It may be helpful
> > to add, however,
> > there is a distinct money trail here. Russia and former
> > Soviet Union states
> > are attempting (with some success) to obtain funding for
> > various kinds of
> > nuclear remediation. Thus, if terrible health effects are
> > "sold", then the
> > West will send more money ....
> >
> > The same problem exists in the realm of global climate
> > change. The Kyoto
> > protocol contained provisions that developed nations would
> > send money to less
> > developed nations for remediation of CO2 discharges. There
> > were, however, few
> > provisions to ensure that the funds would be expended for the
> > intended purpose
> > - kinda' like the cash "loaned" to Russia to assist in establishing a
> > democratic government. The cash is gone and so is a
> > democratic Russia. It's a
> > pretty neat game.
> >
> > For more on Chernobyl see:
> > http://www.21stcenturysciencetech.com/articles/chernobyl.html
> >
> > Cheers,
> > Maury Siskel maury@webtexas.com
> > =============================== reply separator ===========
> > Philip Egidi wrote:
> >
> > > RADSTERS
> > >
> > > One of Sandy's postings today caught my eye with respect to the
> > > discussion about how many people died as a result of the Chernobyl
> > > accident:
> > >
> > > snip
> > > >
> > > Russia, also badly affected by the disaster, marked the day with a
> > > ceremony at a cemetery outside Moscow where thousands of Chernobyl
> > > victims and "liquidators" are buried.
> > > end of snip
> > >
> > > If this is the case, how can the claim be made that only x amount of
> >
> > ---- snipped for brevity ---------------
> >
> > **************************************************************
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