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Topic: Foreign debt

Ads by Google Related Topics debt bondage global debt foreign debts debt relief Collateralized debt obligations debt slavery Debt free Money      CCPIT office in Canada Foreign debts denote all the debts borrowed directly from abroad and carried with the contractual obligation of payment in foreign currency. Debts repaid directly with ready foreign currency in compensatory trade; denoting the debts that have to be repaid in ready foreign currency as stipulated in compensatory trade contracts, or that have to be repaid in ready foreign currency instead of in goods upon approval. See to it that all foreign debts registered by each deal go through the foreign debt special account and the special account for payback with interest when they are transferred home and repaid with interest. http://www.ccpitcanada.ca/laws/f61.htm      Christain Credit Help Christian Credit Help is a free Christian service to help you begin your journey out of debt, in 30 minutes or less!! Christian Credit Help is proud to have helped thousand of individuals and families stay together by becoming debt free. Christian Credit Help provides professional debt consolidation and management services based on Christian values. http://www.ChristianCreditHelp.org      Foreign Exchange Control Foreign exchange payments in transit trade, be it collection before payment or payment before collection, should be made, in principle, from its own foreign exchange accounts instead of by purchasing foreign exchange. Foreign exchange earnings of overseas-invested enterprises under capital account has to be remitted into China, according to relevant regulations, and deposited in foreign exchange special accounts and can’t be deposited outside China without the permission of foreign exchange administrative authorities. Foreign exchange is not allowed to circulate or to be used in lieu in the settlement of accounts except in free trade zones. http://pudong.shanghaichina.org/foreignexchange.html      External and Internal Debts Fact Sheet Foreign debt of Moldova tends to grow rapidly: in 1994 it accounted for 53.8% of the GDP, while in 1999 it totalled 72.5% of the GDP. Debt restructuring agreements, as a rule, offer no remedy for the debt-related problems, but only provide some delays in payments thereby passing the burden of debts to the generations to come, while total amounts of payments increase with time through accumulation of interest on the loans. In view of the inefficient financial management of the foreign loans, the debt repayment is becoming increasingly difficult, as it requires more and more allocations from the national budgets. http://www.wedo.org/ffd/fact2.htm      Untitled Document Debts by domestic firms amounted to US$14.64 billion, the same as the end of last year while the debts by leasing firms and other institutions were US$1.33 billion, down 17.9%. Outstanding debts owed by domestic financial institutions were US$37.88 billion, down 7.4% on the end of last year, while the outstanding foreign debts by foreign-funded enterprises were US$46.42 billion, down 1.9%. The short-term foreign debts accounted for 9.6% of the total and stood at US$14.22 billion, a decrease of US$960 million. http://www.chinainfoland.com/shownews.asp?cate=10&id=82      The Domination of Global Finance Capital in the form of debt Domination Debt service got the lion’s share of the PhP780.8 billion national budget approved by Congress for 2002 or 46 percent. The problem was also how the Marcos regime allowed a sizable amount of the massive foreign debts it had incurred at the people’s expense to end up as crony capital abroad or in unproductive investments of crony firms at home. A major instrument, said to be the only one of its kind in the world, is a bequest of the Marcos regime–specifically Section 31 of Presidential Decree 1177, or the Budget Reform Decree of 1977–that provides for the automatic appropriation of tax revenues for debt service payments. http://www.jubileesouth.org/journal/phildebt.htm      Cebu Declaration: Break the Debt Cycle! As the case of the Philippines shows, our standing foreign debt was $49.1 billion by the end of 1998 although we Filipinos have paid more than $63 billion in principal and interests from 1970-1996. Debts that propped-up dictatorial and other repressive regimes are immoral and most detestable. The immorality of the debt burden is seen in its social costs. http://www.jubileesouth.org/news/EpklpEVZkyUBomAOEN.shtml      Unravelling the Nations Foreign Debts During the exercise, it was discovered that the Federal Government had spent very little of the external debt service deductions made from May 29, 1999 to December 31 2001 on the debts owed by States, with the bulk of it being wrongly utilized to service the debts owed by the Federal Government. A major cause of the huge foreign debt overhang has been poor management of the debts by the Federal Government, a fact that led to the establishment of the Debt Management Office in October 2000, presumably as a "specialised" agency to bring discipline to the nation's debt management. The key aspect of the report was that all the State Governments in the country owe between them, a total of US$7.36 billion to foreign creditors and that these debts were recklessly incurred. http://www.nigerdeltacongress.com/uarticles/unravelling_the_nations_foreign.htm      debts Foreign credits should be used to ensure high and stable growth rates of an economy, that will prop up the sustainability of Balance of Payments. So the main goal of management foreign debts is that growth of foreign liabilities should not outpace the abilities to serve on debts. It would be useful to apply various methods of foreign debt restructuring and find the ways of changing the course of postponement of debt payments into debt volume reduction course. http://www.itic.org.ge/csrdg/debts.htm      Crippling debt and bankrupt solutions Sovereign debts in local currency usually do not carry any default risk since the issuing government has the authority to issue money in domestic currency to repay its domestic debts. If foreign debt is used to finance exports, a trade deficit will be deadly. Reorganization of the debts of a municipality is typically accomplished either by extending debt maturities, reducing the near-term payment of principal or interest, or refinancing the debt by obtaining a new loan backed by new taxes and budgetary austerity. http://www.dhamakanews.net/archives/crippling.htm      Arab-Business & Finance-Syria settles most of its foreign debts Giving the first detailed account about the status of Syria's foreign debts and loan servicing, Zaim said around 27 billion Syrian pounds ($586 million) were allocated in the government's budget this year to service foreign loans. The minister said the debt problem was not tackled for several years "without logical economic reasons" but the new government started to deal with the problem to settle and reschedule all existing debts. The debts handled by the planning ministry do not include loans to the World Bank which are handled by the finance ministry which total now around $145 million after the settlement of a $526.4 million arrears problem in 1997. http://www3.estart.com/arab/business/syriaforeigndebt.html      SAFE Says Foreign Debts Still Manageable Short-term debts -- which should be paid off within one year --rose US$21.25 billion to US$77.04 billion last year, while long-term debts increase about US$1 billion with a total of US$116.59 billion. The State Administration of Foreign Exchange (SAFE) posted China's foreign debts as having mounted to an equivalent of US$193.63 billion at the end of last year, excluding those owed by the Hong Kong, Macao and Taiwan regions. The regulator said the big increase of foreign debts in 2003 rode largely on China's fast economic growth and improved environment for foreign investment inflow, as well as the interest rate gaps between foreign and local currencies. http://china.org.cn/english/BAT/91934.htm      EH.Net Encyclopedia The Dutch bonds contained a default clause that allowed the Confederacy to postpone interest payments on the debt issue until after the war. Indeed, the South never serviced the junk bonds and pursued a debt management policy of selective default (Weidenmier, 2002b). As for the junk bonds, the Dutch firm underwriting the issue offered investors a small credit for exchanging their defaulted Confederate debt for "good bonds" (Weidenmier, 2002b). http://www.eh.net/encyclopedia/weidenmier.finance.confederacy.us.php      Iran’s foreign debts to reach $13.6 billion Iran’s foreign debt is expected to reach $13.6 billion by the end of the next Iranian year of 1381 (starting 21 March 2002), the Management and Planning Organization (MPO) reported on 22 October 2001. It said that the total amount includes $8.04 billion in long-term debt and $4.81 billion in short-term debts. MPO announced that Iran’s foreign debts are expected to hit $12.85 billion by the end of the current Iranian year (started 21 March 2001). http://www.payvand.com/news/01/oct/1074.html      RosBusinessConsulting - News Online The foreign debts of Kazakhstan decreased by over $47m to $3bn over the first six months of 2004, the Finance Ministry of Kazakhstan reported. At the same time the amount of foreign debts guaranteed by the government has increased by $7m. The government's domestic debt has increased by $331.4m since the beginning of the year, which may indicate some strengthening of the country's financial market. http://www.rbcnews.com/free/20040728103947.shtml      Iran's foreign debts stood at $11.6 bln in first half of year Iran's foreign debts stood at $11.6 bln in first half of year Tehran, dec. 27, irna -- central bank of iran (cbi) reported that iran's total long and short term foreign debts amounted to dlrs 11.688 billion in the first half of the current year (started march 21) which is dlrs 261 million less than corresponding period last year. with these figures taken into account the total foreign debt and commitments would stand at dlrs 22 billion in month of shahrivar 1378 (august 23-september 22). http://www.iraniantrade.org/_NewsUpdates/00000456.htm      RULES FOR IMPLEMENTATION OF REGISTRATION OF FOREIGN DEBTS The foreign debts for registration by each transaction: mean debts owed by other domestic departments and enterprise (including foreign investment enterprises) except those mentioned above. The foreign debts for regular registration: mean foriegn debts owed by domestic banks and non-banking financial institutions; foreign government loans and international financial institutions loans borrowed by the Ministry of Finance, the Ministry of Foreign Economic Relations and Trade, the People's Bank of China, the Ministry of Agriculture and the Bank of China. For the foreign debts borrowed by financial institutions entrusted by enterprises and non-profit organizations, the debtor specified in the loan agreement shall go through the procedures of registration. http://www.novexcn.com/rules_register_for_debt.html      Honest Money - A Challenge to Banking Government foreign debt can be met in the same way as government domestic debt. Applied on a world-wide basis, the conversion of debt to equity and the printing of notes and coins to repay government debt, can also resolve the international debt problem. Non-government foreign debts can be met by share issue, in the same fashion as non-government domestic debts. http://www.honest-money.com/13_worldwide_changes.htm      [No title] Earlier this year, the Latin American and Caribbean Jubilee 2000 Coalition described the foreign debt of member nations as "illegitimate because, in large measure, it was contracted by dictatorships, governments not elected by the people, as well as by governments which were formally democratic, but corrupt. Tomorrow, a coalition of Canadian churches will present the government with one of the largest petitions in Canadian history -- 600,000 signatures calling to cancel the foreign debt of heavily indebted Third World countries. Western governments and their agencies -- now the main creditors of the poorest countries -- also want no-fault debt relief to avoid financial accountability for an estimated $400-billion in outstanding odious debts. http://www.nextcity.com/ProbeInternational/papersarticles/articles/debts0599.html      Foreign debt burden: who is responsible? -DAWN - Business; 04 February, 2002 But during the same period, repayments of foreign debts were made to the extent of $ 4.770 billion which constitutes over 72 per cent of the fresh credits contracted as against the previous democratic regime which utilized only 20 per cent of the fresh loans for debt repayment. This depicts a net addition of $16.339 billion in the foreign debt burden while during the same period, repayments effected totalled $4 26.086 billion which is more than double the debt burden of $ 12.913 billion left by General Ziaul Haque. THE foreign debt burden of the country is currently estimated at $38 billion or so. http://dawn.com/2002/02/04/ebr3.htm      Iran's foreign debts decreased by dlrs 3.6 bn last year The report went on to say the percentage of foreign debts as compared to the gross national product is an indicator of the ability to repay the debts show a decrease. A comparison between the figures of Iran's short and long term debts show that in the Second Development Plan (1995-1999), the percentage of short-term debts as compared to the whole foreign debts had increased which is mainly because of growth in documentary bills. According to a report by the Management and Planning Organization (MPO), the decrease in Iran's foreign debts is mainly due to the decrease in the country's medium and long term debts which amount to dlrs 2.757 billion. http://www.payvand.com/news/00/dec/1090.html      Zimbabwe: Government stops repayment of all foreign debts The government has stopped repayments of all foreign loans, including those owed to the International Monetary Fund (IMF), and is using the little foreign currency that trickles into Zimbabwe to meet payments for fuel and electricity imports, authoritative financial sources said this week. Top foreign and local financial officials this week said Harare had now virtually frozen all debt servicing in yet another sign of its rapidly deteriorating economic and foreign currency crises. While in the past year the government had struggled to meet its debt obligations, with repayments to some creditors being halted last year, it had maintained payments to the IMF. http://www.jubileeplus.org/worldnews/africa/zimbabwe_stop_paying.htm      Foreign Debt Stock Rises To 131.6 Billion U.S.D. Foreign Debt Stock Rises To 131.6 Billion U.S.D. Wednesday, September 15, 2004 Foreign Debt Stock Rises To 131.6 Billion U.S.D. Anadolu Agency: 3/31/2003 A statement of the Treasury Undersecretariat said that short term foreign debts decreased 1.1 billion U.S. dollars while medium and long term foreign debts increased 18.7 billion U.S. dollars in 2002. http://www.turkishpress.com/turkishpress/news.asp?ID=9737      New plan set to oversee foreign, domestic debt The accounting chamber, a government auditing organ answerable to the State Duma lower house of parliament, has released a controversial plan to oversee the country's foreign and domestic debt. All of those interviewed pointed out that it was important not to mix up the issue of placing Russia’s debts under consolidated management and establishing a structure for this purpose. The issue was raised by chamber Chairman Khachim Karmokov who urged that a new government body be established to organize the consolidation of Russia's debt as an urgent priority. http://www.russiajournal.com/fan/russia_4874_2639_news.htm      U.S. National Debt Clock Debt Consolidation - Credit counseling can help lower monthly debt payments and prevent personal bankruptcy. The Treasury Department's Bureau of Public Debt also has their own Public Debt FAQ. Age-old debate of paying off the National Debt (ABC News) http://www.brillig.com/debt_clock      Sam Vaknin: Forgiving Iraq's Debts According to Russia's Central Bank, the Federation's foreign debt was up $2.7 billion in 2002 and reached $153.5 billion, of which $55.3 billion is in Soviet-era debt, $48.4 billion were accrued in post-Soviet times and the rest is comprised of various bonds and obligations. Assigning the debt from buyer to seller requires the borrower's assent, and the Iraqi banks have been unco-operative since 1988. The Russian government and especially Finance Minister and Deputy Prime Minister, Alexei Kudrin, cautioned Wolfowitz that applying his proposal consistently would lead to the scrapping of the debts of another departed evil regime - the U.S.S.R. Russia needs Iraq's money - especially if oil prices were to tumble. http://www.buzzle.com/editorials/text4-17-2003-39211.asp      Foreign debts decline as capital inflows fall -DAWN - Top Stories; 21 November, 2000 According to the report, the long-term debt rose to $23.834 billion in fiscal 2000 after remaining stagnant at just over $23 billion since fiscal 1997. At the policy level, the government is making efforts to use foreign loans for productive purposes so that earnings could be used to service debts and repay loans. A more cautious policy is being adopted in accepting loans and credits because of shrinking official assistance and lower levels of foreign investment, and the consequent building of up pressure on balance of payments. http://www.dawn.com/2000/11/21/top6.htm      Govt may repay more foreign debts Finance Secretary S Narayan said on Tuesday that the government was considering repaying more of its foreign debts. Earlier, a finance ministry spokeswoman said last Wednesday that the government had no plans to charge a premium on equity returned by state-run banks. Narayan also said no decision has been taken on raising the foreign fund shareholding limit in the State Bank of India, the country's largest commercial bank. http://www.rediff.com/money/2003/jun/03debt.htm      People's Daily Online -- Business of foreign banks not to be affected by rules on foreign debts The rules will put the impact of short-term foreign debts in foreign banks under control and handle those which can be turned into medium and long term debts. The rules involve provisions on operation and short-term foreign debts check-up held by foreign-funded banks in China. People's Daily Online -- Business of foreign banks not to be affected by rules on foreign debts http://english.peopledaily.com.cn/200407/02/eng20040702_148295.html      RosBusinessConsulting - News Online Russian foreign debts increased by 4.6 percent in the first half of this year and amounted to $159.1bn as of July 1, 2003, the Russian Central Bank said in its survey devoted to foreign debts. The debts in foreign currencies were $153.8bn, the debts in rubles amounted to $5.3bn. At the beginning of this year the country's foreign debts were $152.1bn. http://www.rbcnews.com/free/20031001141257.shtml      DoF eyes foreign funding to pay debts THE DEPARTMENT of Finance has identified various schemes to secure foreign funding to help pay the government's maturing debt this year without depleting foreign exchange reserves, documents showed. The total dollar requirement of both the National Government and the state-run National Power Corp. stood at 5.7 billion dollars for 2004, and the finance department is tasked to secure almost three billion dollars in foreign funds. The finance agency plans to sell 500 million dollars worth of Napocor bonds, and has already gained approved by the central bank's policy-making Monetary Board. http://money.inq7.net/breakingnews/view_breakingnews.php?yyyy=2004&mon=01&dd=26&file=6      Foreign debts of East Asian countries Percentage of foreign debt made up by short-term debts Percentage of foreign exchange reserves made up by foreign debts (%) http://www.gio.gov.tw/info/ecobook_e/etable7.htm      FOREIGN DEBTS Much of the country's earnings goes to pay for its foreign debt. Lao owes more than $120 billion in foreign debt. The article examines how Lao's foreign debts hinder's the country's development. http://freelao.tripod.com/id35.htm      Debt Free Today: Your online debt consolidation resource Debt Free Today: Your online debt consolidation resource "These debt reduction programs currently help thousands of consumers repay their credit card debt." Let an 800CreditCardDebt agency review your finances and: http://www.debt-free-today.org      The Causes and Risks of Excessive Foreign Lending It is one of the ironies of the politics of foreign debt collection that while such debts presuppose a high degree of cooperation among creditor governments to insure their colletion, the very existence of high levels of debt can seriously strain such cooperation. Non-negotiable repudiation of external debt is a political act, the end result of geopolitical calculations comparing the costs and benefits of such repudiation. At the time Germany defaulted on its war debts to the U.S. in 1933, to use a classic example, it was far more able to pay those debts than it had been in the early 1920s. http://www.cato.org/pubs/pas/pa023.html      Odious Debts - Government owes N1.1tn local, $28.6bn foreign debts Arikawe who gave the details of federal government's domestic and foreign debts profile said that 60 percent of the local debts was owed to the Central Bank of Nigeria (CBN), while others are debts to banks, insurance companies and local contractors. He explained that in actual terms, the debt owed by Nigeria to the club was $13.5 billion, but due to the increase in interest rate and penalty for default, the debt rose to $22 billion. Odious Debts - Government owes N1.1tn local, $28.6bn foreign debts http://www.odiousdebts.org/odiousdebts/index.cfm?DSP=content&ContentID=4638      Forty years of misery Tuševljak refuses to place consideration of the debt situation on the agenda, nor will he indicate how great are the foreign debts with which the current authorities have saddled even our grandchildren. According to these documents, from 1996 to 1998 B-H was not obliged to pay off the principal on these debts, but was meeting obligations in the form of interest and service costs for the approved loans. The level of debt, it seems, is a lot higher as a result of the lack of any policy on international economic relations with other countries, on debt, or on any kind of development. http://w3.tyenet.com/kozlich/fortyyears.htm      Foreign Bondholders and American State Debts Attention is given to the political and economic background of those debts, to the inducements held out to investors to purchase the state securities, to the part played by the press of debtor and creditor countries in aiding or obstructing the final debt settlements, and to the economic and international repercussions of these debts. This engrossing recital of unpaid early debts of certain American states sheds light on the problems confronting foreign investors in the collection of debts due them when repudiated by whole communities. An engrossing account of repudiated early debts of certain American states and the repercussions to the unpaid foreign investors. http://www.beardbooks.com/foreign_bondholders_and_american_state_debts.html      Foreign debts Total Russian foreign debt, including former Soviet debt, was $119.9bn on June,1 1995 and it is expected to rise at the end of 1995 up to $130.3bn. Russia has been unable to service its debt fully since late 1991. http://www.fipc.ru/fipc/arch/debts.html      Foreign debts Starware search is an excellent resource for quality sites on Foreign Debts and much more! Click here for the definition of Foreign Debt from InvestorWords.com, the web's leading financial glossary. Liberty Consumer Services works with consumers to consolidate unsecured credit debt and eliminate them through settlement. http://www.debt-1.com/Foreign_debts.htm      Guiding Borrowing of Foreign Capital and Repayment of Foreign Debts by Enterprises Foreign parties to business cooperation contracts and foreign contractors. Following Articles 22 and 24 of the Regulation on the management of foreign loans and repayment of foreign debts, issued together with Government Decree No.90/1998/ND-CP of November 7, 1998, the State Bank of Vietnam issued Circular No.03/1999/TT-NHNN7 on August 12, 1998, to guide the borrowing of foreign capital and repayment of foreign debts by enterprises: Guiding Borrowing of Foreign Capital and Repayment of Foreign Debts by Enterprises http://www.nhandan.org.vn/english/legal/19991024.html      JRL #7142 - Sirens, History, War's End, Foreign Debts, Primakov, Khodorkovsky, Postwar Investment, Oil, US Spy Planes, ... Hania Farhan, the head of the Economist Intelligence Unit's Middle East section, told RFE/RL that aside from reparation costs, the total Iraqi debt is near $100 billion. Iraq is though to face some $142 billion in enforceable debt claims as well as up to $300 billion in reparations outstanding from the invasion of Kuwait. ******* #6 Russia may seek easier conditions for repaying foreign debts MOSCOW, April 12 (Kyodo) - Russia is considering asking other countries to ease conditions for repaying its debts in exchange for giving up part of the country's loans to Iraq, the Kommersant newspaper reported Saturday. http://www.cdi.org/russia/johnson/7142.htm      EconPapers: The Politics of Selective Default: The Foreign Debts of the Confederate States of America This policy of selective default suggests that reputation spillovers across markets may be smaller than indicated in theoretical models of debt repayment (Cole and Kehoe, 1994). The Politics of Selective Default: The Foreign Debts of the Confederate States of America EconPapers: The Politics of Selective Default: The Foreign Debts of the Confederate States of America http://econpapers.hhs.se/paper/clmclmeco/2000-13.htm      Alexander Hamilton In 1790 Hamilton submitted to Congress a report on the public credit that provided for the funding of national and foreign debts of the United States, as well as for federal assumption of the states' revolutionary debts. In that wonderful document, and with a master's hand, he reduced our confused finances to order, provided for a funding system and for taxes to meet it, and displayed a plan for the assumption of the state debts. As secretary of the treasury, he presented to congress an elaborate report on the public debt in 1789, and one on protective duties on imports in 1791. http://www.alexanderhamilton.org/      AEGiS-Reuters: Fund AIDS Fight Not Foreign Debts, Says UN Adviser JOHANNESBURG (Reuters) - African governments should fund programs to combat HIV/AIDS before they service foreign debts, U.N. special adviser Jeffrey Sachs said on Saturday at an Earth Summit panel discussion. "It's untenable to be paying debt that could be used to fight the pandemic. AEGiS-Reuters: Fund AIDS Fight Not Foreign Debts, Says UN Adviser http://ww2.aegis.com/news/re/2002/RE020834.html      Gierek, Edward. The Columbia Encyclopedia, Sixth Edition. 2001 High foreign debts, food shortages, and an outmoded industrial base compelled a new round of economic reforms in 1980. Gierek promised economic reform and, with the aid of foreign loans, instituted a program to modernize industry and increase the availability of consumer goods. The economy, however, began to falter during the 1973 oil crisis, and by 1976 price increases became necessary. http://www.bartleby.com/65/gi/Gierek-E.html      TheStreet.com: Weekend Report: Chinese Trust Going Bankrupt, Imperiling Foreign Debts Continuing to endear itself to markets around the world, the Brazilian state of Minas Gerais followed up on last week's suspension of payments on $15 billion in debt to the federal government by warning that it will pay upcoming Eurobond obligations only after meeting local financial needs. Guangdong International Trust & Investment Corp. of China plans to file for bankruptcy, with the trust's 135 foreign creditors to receive no priority treatment in the repayment of more than $4 billion in debt. Weekend Report: Chinese Trust Going Bankrupt, Imperiling Foreign Debts http://www.thestreet.com/pf/markets/mktupdate/619500.html      Direct Democracy League If co-equal branches worked to check and balance each other, we would have a balanced budget and little or no debt. If our economy crashes, so does the world's. http://www.ddleague-usa.net/      Glossary of Events: Ru The Commissariat of Foreign Affairs, Chicherin, responded to the Western agreement for peace by explaining that the Soviet government was willing, if necessary, to recognize all foreign debts, further the soviets would give raw materials to the workers of Western nations, and the Soviets explained they were even willing to discuss annexations. Peace at any cost, because the Soviets knew that so long as they could build their revolution in peace, workers of other nations would join them in Socialist building — any other way would make this attempt towards Socialism impossible. The combined pressure of U.S. President Wilson and Lloyd George on early February, 1919 persuaded the French to agree and setup for armistice talks on the island of Prinkipo in the Sea of Marmara (a sea in northwestern Turkey, between the Aegean Sea and Black Sea). http://www.marxists.org/glossary/events/r/u.htm      U.S. Aggression Against Iraq: Historical and Political Context After 8 years of war, Iraq suffered 750,000 dead and wounded, a ravaged economy and huge foreign debts, the majority owed to Kuwait and Saudi Arabia. The U.S. has exhibited extraordinary opportunism in how and when it chooses to either abide by, or defy, the United Nations Charter, other international laws, and its own Constitution. When U.S. President Bill Clinton unilaterally chose to launch weapons of mass destruction into Iraq on December 16, 1998, his decision was simply a continuation our country's historical pattern of grotesque criminal and lawless foreign interventions. http://www.brianwillson.com/awolaggression.html

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