Thursday, October 27, 2011

Odious debt is not our responsibility

Prof. Robert Howse

The concept of “odious debt” regroups a particular set of equitable considerations that have often been raised to adjust or sever debt obligations in the context of political transitions, based on the purported odiousness of the previous regime and the notion that the debt it incurred did not benefit, or was used to repress, the people. This paper begins with an exploration of the grounds of the “odious debt” concept in basic international law structures and principles. The international law obligation to repay debt has never been accepted as absolute, and has been frequently limited or qualified by a range of equitable considerations, some of which may be regrouped under the concept of “odiousness.” This is consistent with the accepted view that equity constitutes part of the content of “the general principles of law of civilized nations”, one of the fundamental sources of international law stipulated in the Statute of the International Court of Justice. At the same time, most debt contracts between States and private creditors are governed by the domestic private law specified in the contract. The legal systems of these jurisdictions may well have concepts such as “clean hands” or the notion that contracts related to illegal purposes are invalid. These concepts overlap with elements of the notion of “odiousness” as a basis for invalidating debt obligations. Investor/state arbitration tribunals, for example, have been comfortable taking into account such considerations in determining whether repudiation of contractual obligations to an investor by the host State is consistent with international law. This suggests that such concepts may indeed form part of the content of equity as “a general principle of law of civilized nations”, especially if widely shared among different legal systems.  [...]

I called into Mike Rivero's radio program today yesterday to discuss the concept of odious debt.  To my knowledge, he is the only person out there talking about the concept of odious debt.  I come on at the 1 hour, 40 minute mark for those interested.

You'll notice I like to push my radical ideas when I call into Mike's show - you know, like arresting the blatant criminals behind 9/11, the wars, and all the Wall St./Federal Reserve looting taking place.


You'll want to take a look at kenny's latest post if you haven't already, and be sure to check out the links.  He provided a link to the video below.  I want to meet this woman.  I'm sure we'd have a lovely conversation.  


A friend in LA took the following pictures.  To all the good guys out there: Keep On Truckin'!  


  1. I want to mention here I just posted this blog article on my Facebook page with this comment:

    When we arrest the criminals that run the government, we will not be responsible for their debts. After all, the "debt" is all bailouts to Wall St., billions of dollars sent to Apartheid Israel every year, and illegal wars of aggression. Nope, that "debt" is alllllll erased. :)

    I wanted to add it here in the comments because I think it goes to the heart of why I think we need to be talking about the odious debt principal in the first place. The government wants us to think we have all this "debt" because of social service programs like Social Security, Medicare/Medicaid, welfare, ect. and that is not the case at all.

  2. You'll notice I like to push my radical ideas

    Radical? No, no Mr. Friend, your thoughts and ideas are both patriotic and a breath of much needed fresh air that needs to be inhaled by FOX News (shit, I hate using FOX and news in the same sentence) viewers in the hopes it will flush all that Zionist BS from their brains.

    The con artists you see in large cities, conning the 'marks' with a game of Three Card Monte are more honest than the fuckers behind the odious debt scam.

  3. Yeah, I don't think they're too radical of ideas either!

  4. Excellent point Greg. John/you/me/we are not the radicals.

    The concept of odious debt needs to be taught at every turn. I'm so tired of hearing that it will be our children, grandchildren who will have to pay. No. It's very easy to understand. The criminals must pay, not us.

  5. Pat McAllister for president!

    p.s. I cannot get your posted audio w Rivera to play. Damn ads.

  6. Hey kenny! Completely agree my friend! We will be erasing all this odious debt and expropriating all the assets the criminals have illegally taken from We The People.

    Hey EV! Pat McAllister for president indeed! I'd be happy to help her campaign! Shit, maybe I'll run on her ticket?!

    BTW- the Justiv TV video embedded above takes a minute to load. I'd recommend hitting the play button, and clicking the "mute" button for about 2 or 3 minutes. Then, after the ads, turn the sound on and you should be able to jump to the segment that I'm on if you're interested. All his shows are worth listening to though! You can download them on iTunes for free.

  7. It’s now official – there’s been no actual shortage of Holocaust Survivors :

    Quote from The Holocaust Industry by Norman G. Finkelstein of the City University of New York, published by Verso in the year 2000:
    'The Israeli Prime Minister's office recently put the number of "living Holocaust survivors" at nearly a million.' (page 83)

    I've checked out the six volumes of Churchill's Second World War and the statement is quite correct - not a single mention of Nazi 'gas chambers,' a 'genocide' of the Jews, or of 'six million' Jewish victims of the war.

    Eisenhower's Crusade in Europe is a book of 559 pages; Churchill's Second World War totals 4,448 pages; and De Gaulle's three-volume Mémoires de guerre is 2,054 pages.

    In this mass of writing, which altogether totals 7,061 pages (not including the introductory parts), published from 1948 to 1959, one will find no mention either of Nazi 'gas chambers,' a 'genocide' of the Jews, or of 'six million' Jewish victims of the war.

  8. Dirty Little Secrets - the hidden, awkward origins of World War 2 - the unexpected views of four key diplomats who were close to events

    Just consider the following:

    · Joseph P. Kennedy, U.S. Ambassador to Britain during the years immediately preceding WW2 was the father of the famous American Kennedy dynasty. James Forrestal the first US Secretary of Defense (1947-1949) quotes him as saying "Chamberlain (the British Prime Minister) stated that America and the world Jews had forced England into the war". (The Forrestal Diaries ed. Millis, Cassell 1952 p129).

    · Count Jerzy Potocki, the Polish Ambassador in Washington, in a report to the Polish Foreign Office in January 1939, is quoted approvingly by the highly respected British military historian Major-General JFC Fuller. Concerning public opinion in America he says "Above all, propaganda here is entirely in Jewish hands…when bearing public ignorance in mind, their propaganda is so effective that people have no real knowledge of the true state of affairs in Europe… It is interesting to observe that in this carefully thought-out campaign… no reference at all is made to Soviet Russia. If that country is mentioned, it is referred to in a friendly manner and people are given the impression that Soviet Russia is part of the democratic group of countries… Jewry was able not only to establish a dangerous centre in the New World for the dissemination of hatred and enmity, but it also succeeded in dividing the world into two warlike camps…President Roosevelt has been given the power.. to create huge reserves in armaments for a future war which the Jews are deliberately heading for." (Fuller, JFC: The Decisive Battles of the Western World vol 3 pp 372-374.)

    · Hugh Wilson, the American Ambassador in Berlin until 1938, the year before the war broke out, found anti-Semitism in Germany ‘understandable’. This was because before the advent of the Nazis, "the stage, the press, medicine and law [were] crowded with Jews…among the few with money to splurge, a high proportion [were] Jews…the leaders of the Bolshevist movement in Russia, a movement desperately feared in Germany, were Jews. One could feel the spreading resentment and hatred." (Hugh Wilson: Diplomat between the Wars, Longmans 1941, quoted in Leonard Mosley, Lindbergh, Hodder 1976).

    · Sir Nevile Henderson, British Ambassador in Berlin ‘said further that the hostile attitude in Great Britain was the work of Jews and enemies of the Nazis, which was what Hitler thought himself’ (Taylor, AJP: The Origins of the Second World War Penguin 1965, 1987 etc p 324).

    Etc etc etc etc

  9. It's for affidavit such as this that these types of debt abatement agencies accept become added accepted in contempo years.

    debt consolidation


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