dec 15, 1987 - "Mr. President, it is no secret that the
international bankers profiteer from sovereign
state debt. The New York banks have found
important profit centers in the lending to
countries plunged into debt by Socialist
regimes...International bankers are
sophisticated enough to understand this
phenomenon and they are sophisticated
enough to profit from it."
U.S. Senator Jesse Helms (former chairman
of the senate foreign relations committee)
December 15, 1987
Description:
U.S. Senator Jesse Helms (former chairman
of the senate foreign relations committee)
December 15, 1987
100th Congress, 1st Session
Vol. 133, Part 25 — Bound Edition
"Mr. President, it is no secret that the
international bankers profiteer from sovereign
state debt. The New York banks have found
important profit centers in the lending to
countries plunged into debt by Socialist
regimes. Under Socialist regimes, countries go
deeper and deeper into debt because
socialism as an economic system does not
work. International bankers are sophisticated
enough to understand this phenomenon and
they are sophisticated enough to profit from
it." U.S. Senator Jesse Helms (former chairman
of the senate foreign relations committee)
December 15, 1987
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