Let's Keep
A Progressive Podcast
In The Top Ten !!!

JANUARY 2011 BULLETIN
YOUR VOTES ARE NEEDED
RIGHT NOW TO JUMP
AHEAD OF RIGHT-WINGERS!

Already voted and want to know other ways to help spread the Blast The Right message? Click here
Play the latest podcast (click here)!
Be notified of new podcasts by
entering your email address:
   

Thursday, April 19, 2007

90 - Shameless Right-Wing Greed: How Vulture Funds Prey On Impoverished Third World Nations

Today we're going to discuss an incredibly immoral way to make huge sums of money: vulture funds which prey on destitute Third World nations. As you might imagine, there's a strong right-wing connection.

First I'll give you an overview of the vulture fund process. Next we'll go over some specific examples of vulture funds in action. Finally we'll discuss the right-wing connection to all this, aside from the obvious element of unbridled, unconcerned-with-moral-implications greed.

The overview.

In the Third World debt arena, vulture funds
are companies which buy up the debt of poor nations cheaply when it is about to be written off, then sue for the full value of the debt plus interest.
According to investigative reporter Greg Palast, "political muscle" and "bribery" are also employed by the vulture funds to secure the money they seek.

As you can imagine, any money collected by the vulture fund is that much less funding for education, health care, nutrition programs, or other efforts by a Third World government to improve the lives of their poor majority.

Gordon Brown is the British Chancellor of the Exchequer, akin to our Secretary of the Treasury. Speaking to the UN in 2002, he declared:
We particularly condemn the perversity where vulture funds purchase debt at a reduced price and make a profit from suing the debtor country to recover the full amount owed - a morally outrageous outcome.
Let's go on to some specific examples. A vulture fund preying on Zambia has been in the news lately...

For all the rest of the details, including how George W. Bush could stop these vulture funds with a stroke of his pen, please listen to the podcast.

(PS: Right-wingers, if you want to write in to me, fine, but at least do me the courtesy of listening to the podcast first. Please don't respond just on the basis of the brief preview above. Thanks!!)


Jack Clark 3:25 PM [+]   1 comments
Post #617060454077795251


Archives

08/15/05     08/22/05     08/27/05     09/01/05     09/05/05     09/08/05     09/15/05     09/22/05     09/29/05     10/06/05     10/13/05     10/20/05     10/27/05     11/03/05     11/10/05     11/17/05     11/24/05     12/01/05     12/08/05     12/15/05     12/22/05     12/29/05     01/05/06     01/12/06     01/19/06     01/26/06     02/02/06     02/09/06     02/16/06     02/23/06     03/02/06     03/09/06     03/16/06     03/23/06     03/30/06     04/06/06     04/13/06     04/20/06     04/27/06     05/04/06     05/11/06     05/18/06     05/25/06     06/01/06     06/08/06     06/15/06     06/22/06     06/29/06     07/06/06     07/13/06     07/21/06     07/27/06     08/03/06     08/10/06     08/17/06     08/24/06     08/31/06     09/07/06     09/14/06     09/21/06     09/28/06     10/05/06     10/12/06     10/19/06     10/26/06     11/02/06     11/09/06     11/16/06     11/23/06     11/30/06     12/07/06     12/14/06     12/21/06     12/28/06     01/04/07     01/11/07     01/18/07     01/26/07     02/01/07     02/08/07     02/15/07     02/22/07     03/01/07     03/08/07     03/15/07     03/22/07     03/29/07     04/05/07     04/12/07     04/19/07     04/26/07     05/03/07     05/10/07     05/17/07     05/24/07     05/31/07     06/07/07     06/14/07     06/21/07     06/28/07     07/12/07     07/26/07     08/09/07     08/23/07     09/06/07     09/13/07     09/20/07     09/27/07     10/04/07     10/11/07     10/18/07     10/25/07     11/01/07     11/08/07     11/15/07     11/29/07     12/13/07     12/27/07     01/10/08     01/24/08     02/07/08     02/21/08     03/06/08     03/20/08     04/03/08     04/17/08     05/01/08     05/15/08     05/29/08     06/12/08     06/26/08     07/10/08     07/24/08     08/07/08     08/21/08     09/04/08     09/18/08     10/02/08     10/16/08     10/30/08     11/13/08     11/28/08     12/11/08     12/26/08     01/08/09     01/22/09     02/05/09     02/19/09     03/05/09     03/19/09     04/02/09     04/16/09     04/30/09     05/14/09     05/28/09     06/11/09     07/02/09     07/23/09     08/13/09     09/03/09     09/24/09     10/15/09     11/05/09     11/26/09     12/17/09     01/07/10     01/28/10     02/18/10     03/11/10     04/01/10     04/22/10     05/20/10     06/10/10     10/21/10     01/17/11     10/03/12    

Speak to Jack and other listeners! (a separate show from numbered shows to the left)

Live shows are currently on hiatus. In the
meantime, listen to Jack debate Jenn from www.screwliberals.com  Debate

* Subscribe in iTunes
   (if you already have iTunes installed)
* About Jack Clark   
* Podcast Feed
 
*

Great podcast - a must listen to
Jack Clark documents the right's wars on the poor, civil liberties, the right of workers to organize at work and obtain a decent working wage and work conditions, and against other countries who refuse to accept American domination. Jack provides all the sources so that you can see for yourself how the right is out to enrich itself at the expense of everyone else. Great job, Jack!
Submitted By: magyarbill
 
awesome show
Clark always backs up his statements against the right wing with fact and data, which gives him all the more credibility. As conglomerate media controlled by politics clouds the mainstream news media, Jack Clark, along with NPR and Democracy Now! have become my primary news source. Awesome podcast!
Submitted By: jgates118
 
In-Depth, Meaty, Hardcore Knowledge
This podcast is not just entertainment, humor, chimp-bashing, or gee-whiz recap of the weeks events. Instead, it hits hard and in-depth on the world economic situation and how right-wing policies impact the poor and less advantaged all over the world. He examines Americas support of the World Bank, IMF,multinational corporations, etc., and connects the dots. This is a podcast for grown-ups. He gives good reasons why the right wing is NOT living up to its precious Bible, without putting down the Bible. As a Jesus-loving Christian and moderate Democrat, I respect this podcast for its subject matter. The grown-up manner of the speaker is just icing on the cake. He IS funny, but hes not trying to be, he just has a deadpan delivery but doesnt have to make jokes to make it interesting. The facts make it interesting and devastating.
Submitted By: ebrenn1
 
A Breath of Fresh Air
Jack Clarks Blast the Right podcast is truly a breath of fresh air when it comes to political commentary. Jack is not like some commentators who simply climb on their soap box and state their own opinions as fact. Instead, Jack welcomes competent challenges to his way of thinking, and with logical analysis and sound research, debunks the lies, distortions, and self-deceptions of the right wing. I strongly recommend Blast the Right for people who seek the truth and care more about the long term health and well-being of the whole citizenry than the short term personal gain advocated by modern conservatives. Listen as Jack carefully shows how the high-sounding "God and country" rhetoric of the right wing is really just a smokescreen for policies that ultimately lead only to the increased misery, suffering, and death of the less fortunate for the particular benefit of the wealthy and the well-connected. And, if you find yourself in agreement, return to Podcast Alley to place your vote! Thanks!
Submitted By: automatic

BLAST THE RIGHT COMPILATION CD'S
NOW AVAILABLE!

MORE INFO &
HOW TO ORDER/
DOWNLOAD

Jack Clark interviewed by
“Check It Out” podcast
Comment Line
Skype: jackfromblasttheright
From any phone: 310-933-5891
Music Resources Page
Data Resources Page
Progressive Podcast Directory


 



 

 

Make your Amazon purchases through this link, and at no cost to you, Amazon will send Blast The Right a small commission.

|   Home   |   Email   |   Send this page to a friend   |