• 29:50 - 32:18
John Hamer | Institutionalized Charity Corruption & The Titanic Conspiracy
G8 Foreign Aid Reductions and IMF Debt Cancellation
A "double whammy" effect is described where G8 nations reduce foreign aid to developing countries by the same amount that debt is cancelled by international financial institutions. This process allegedly ensures that money earmarked for social programs is diverted back to the coffers of the IMF and World Bank.