Should all third world debt be cancelled immediately?

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Posted Glen Moore deleted comment

Should all third world debt be cancelled immediately?

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Arnold Wilder

It would be great, actually, but how can it be done? If the common loan’s money can be returned using services of the collector’s agency, but country loan’s money – not. For example, I contacted frontline-collections after being let down and having to wait months for lawyers to help us. We had a customer who owed us a large sum of money. After a year of trying to get the money from them we tried to take them to court. It was then another further 8 months of trying to go through lawyers, that we then contacted frontline-collections(frontline-collections.com). They found our customer at his home abroad and managed to recover full payment in weeks. If only we had contacted them sooner!! Can’t thank them enough. Highly recommend their services. Very helpful and kept in contact the whole time.

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As long as we are classified as a third world country, our net worth is probably less than some third world countries.

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No. Not until I have 0% interest on my loans etc. like the banks and big business got in the bail out. Plus I’ll want compensation for the money I lost because of their failure and my idiotic belief in them and my government in the first place. Not money I earned playing their shyster schemes but money I put into savings that they took with their failures. After that then we can look at the third world debt. That is where my money went anyway in some of the big corps and banks failures so they should be ok what with the foreign aid that is just given to them anyway. Sorry but I find that myself and my family come first now. Not anyone else. I’ve learned a lesson the hard way.

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No, why? Shouldn’t they take pride in working the debt off, the same as any U.S. debt. That’s why so many countries are in trouble now! Trying to give away every thing, instead of adhering to the practice of taking care of people, instead of people taking care of themselves. People become lazy and dependent. They should be self-sufficient, it makes people feel better about themselves. Use to be a time when charity was only for the old and sick. Not the capable and healthy. People don’t deserve to be taken care of merely because they exist, nor do they take pride in themselves.

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