Hati gets a penny of each U.S. aid dollar

[darkbeaver]

Haiti Gets a Penny of Each U.S. Aid Dollar



Of each U.S. taxpayer dollar, 40 cents is going to the U.S. military, paying for security, search and rescue teams, and the Navy's hospital ship USNS Comfort.
Another 36 cents funds US AID's disaster assistance - everything from $5,000 generators to $35 hygiene kits with soap, toothbrushes and toothpaste for a family of five.
Just over a dime has already been spent on food: 122 million pounds of pinto beans, black beans, rice, corn soy blend and vegetable oil. When purchased in bulk, the actual food prices are relatively low. Pinto beans, for example, cost the U.S. government 40 cents a pound when purchased in 5 million-pound batches last week.

 

[petros]

How many cases of weiners would you need for 5 million lbs of beans?

 

[Kreskin]

All of that is aid. What do you call aid? It's more than what they put in pocket to spend at 7-11.

 

[MHz]

How many cases of weiners would you need for 5 million lbs of beans?

Do they still classify weiners as food?

 

[darkbeaver]

Aid to the poor countries helps them to stay poor, it's been like that as long as I can remember. Therefore I respectfully suggest that it cannot be aid, strange as that may be.

 

[MHz]

Venezuela canceled their fuel bill. Have to wait and see what they owe (and own) when all the reconstruction is done. The World Bank was going to maybe let them not pay on a $40M debt for 5 yrs (interest piling up would double that amount in 5 yrs). If their National debt is under $2B and the Banks have gotten some 1,000B (and more coming) I would think nobody would really miss a piddly $2B. France owes them about $60B for that crooked debt they saddled them with that took 200 years to pay off. It appears a French Banker is more vile that what either is when mentioned singularly.

 

[darkbeaver]

The World Bank. I don't think it was a good idea in hindsight. Private banking has to be curtailed dramatically and confined to regulated areas, like prisons. All Hatis debt should be forgotten. The people did not get the money the people should not have to pay. Fornicate the bankers. Of course if someone were to donate an aircraft carrier that would help.

 

[MHz]

Unless it is going to be used as a diving board those things should be banned, that was how trouble started way back when.
The World Bank is the top 5 Bankers in the world isn't it?

 

[darkbeaver]

They are Death Stars deliverers of misery. Abominations.

 

[MHz]

I asked somebody this once, no reply yet. If you get $100 from the Bank @ 3% interest shouldn't you hand them back $3 and keep the $97 (that stays in circulation forever) rather than owing them $103? The trillions they are sitting on should have stayed in circulation, all they should have is $3,000,000,000,000 the other $97,000,000,000,000 should be floating around.

 

[Cliffy]

I asked somebody this once, no reply yet. If you get $100 from the Bank @ 3% interest shouldn't you hand them back $3 and keep the $97 (that stays in circulation forever) rather than owing them $103? The trillions they are sitting on should have stayed in circulation, all they should have is $3,000,000,000,000 the other $97,000,000,000,000 should be floating around.

It doesn't matter if it is $103 or 103 trillion, it is not real. It is just 0 & 1s in computers. It is based on nothing but an inflated credit scheme, so what difference does it make. A scam is a scam.

 

[Cliffy]

Someone mentioned tonight that the credit card companies are making a killing of these donations. Has anybody heard if they are going to forgo credit charges on donations or not? Or at lesst forward some of the profits to relief work?

 

[MHz]

Has anybody heard if they are going to forgo credit charges on donations or not?

LOL Good one, pass on interest payments, you are too much LOL

I could live with paying them 3%, that would pay for all my banking fees. On $100,000 / yr that would be $3,000.

 

[Kreskin]

I asked somebody this once, no reply yet. If you get $100 from the Bank @ 3% interest shouldn't you hand them back $3 and keep the $97 (that stays in circulation forever) rather than owing them $103? The trillions they are sitting on should have stayed in circulation, all they should have is $3,000,000,000,000 the other $97,000,000,000,000 should be floating around.

They didn't give you the principle you borrowed the principle. The principle is $100. I suppose you can try to keep the $97 but you owe $100 plus accrued interest.

 

[TenPenny]

I asked somebody this once, no reply yet. If you get $100 from the Bank @ 3% interest shouldn't you hand them back $3 and keep the $97 (that stays in circulation forever) rather than owing them $103? The trillions they are sitting on should have stayed in circulation, all they should have is $3,000,000,000,000 the other $97,000,000,000,000 should be floating around.

Can I borrow $100 from you? I'll give you 3% interest....

 

[MHz]

Sorry no can do, you don't qualify. The way your loan works is that I am the Banker and you make less than me so your loan carries ....... 0% interest. I will make more money if I charge the people who make more than me (take home) interest at 6%. That pays all my expenses (printing presses & paper, banks, employees etc.). Not the original enticement but I hope it will serve your needs. BTW I don't tell you my take home until you tell me how much you are looking for.

 

[MHz]

They didn't give you the principle you borrowed the principle. The principle is $100. I suppose you can try to keep the $97 but you owe $100 plus accrued interest.

I should only owe them $100 if they spent $100. Would you willingly pay somebody so their profit margin never falls below 97,000%? lol

 

[VanIsle]

If they gave you $100.00, they spent $100 even if only for a moment. If we were friends and I loaned you that money I would not expect more than your original loan back. If I was in the business of "making" money, I would expect the 3% interest even if you borrowed it for an hour. During that hour it is likely that several 100 other people borrowed more than that amount and some of them will never repay it. You on the other hand, are helping to make up for those who pay late or do not pay at all.

 

[VanIsle]

Someone mentioned tonight that the credit card companies are making a killing of these donations. Has anybody heard if they are going to forgo credit charges on donations or not? Or at lesst forward some of the profits to relief work?

Hi Cliff, I got this from some blog:
Sunday, January 17, 2010

Haiti, Credit Cards, and Charitable Donations



Are credit card companies morally obligated to waive their fees when people use their credit cards to donate to disaster relief, or is doing so itself a charitable act, something above and beyond the call of duty?

I think it's great that the major credit card companies have all decided to waive their fees — but I think it's important to acknowledge that as an act of charity. It's an act of corporate philanthropy, not something they're obligated to do. (The move to waive their fees came, unfortunately, after the firms were criticized for making money off the current crisis.)

 

[VanIsle]

I didn't have anyone make a donation to Haiti yesterday. On days previous to that people have been making cash donations to the store. When store points are used starting 1000 at a time which equals $1.00, the store matches the donation. Some people have donated all of their points which can be over 100,000 pts = $100.00 from them and the store matches it dollar for dollar.