debt services
debt servicesThird World debt is external debt incurred by Third World countries (the term "Third World" is still in use, although many prefer less pejorative terms, such as "developing countries", "Majority World" or "global South"). Unpayable debt is a term used to describe external debt where the interest on the debt exceeds the amount that the country produces, thus preventing the debt ever being paid back. It is considered by some a method of oppression or control by first world countries; a form of debt bondage on the scale of nations. Odious debt is debt incurred by undemocratic countries and misspent (for example, on armaments or repression of the population) or misappropriated. The debt campaign organization, Jubilee USA notes that, "Odious debt is an established legal principle. Three operations that scammed consumers out of more than one hundred million dollars by falsely promising easy debt relief. Legally, odious debt is debt that resulted from loans to an illegitimate or dictatorial government that used the money to oppress the people or for personal purposes. Moreover, in cases where borrowed money was used in ways contrary to the people’s interest, with the knowledge of the creditors, the creditors may be said to have committed a hostile act against the people. They cannot legitimately expect repayment of such debts. " (PDF) Much of the current levels of debt were amassed following the 1973 oil crisis when the western members of OPEC pushed the price of oil up making the Arab nations very wealthy. They decided to deposit this money in large Western banks. Want to Get Out Of Debt. Home swimming pool supplies wholesale catering supplies lilo and stitch party supplies liberty diabetic supply nails supplies comb binding supplies power wheel chairs toshiba laptop power supplies jazzy power chair power yacht charter john robert powers sola power supplies acdc power supplies american power conversions mge power supplies visor power point internet dating services emergency medical services mailing list service online merchant account services hvac service software new york limo service discount hosting services web consolidate debt service small business payroll services new car buying service bill consolidation service web phone service answering service jobs florida answering service credit check monitoring service best hosting service cheap local phone services document storage services newsgroup service cellular phone service provider consumer credit repair services online loan services new york cleaning services bellsouth local phone service printing service houston merchant services international alarm monitoring services |