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Multibillion-Dollar Heist of U.S. Treasury by Castro
Castro is coming close to obtaining his life long dream of having U.S. taxpayers granting him over 7 billion dollars annually as a non-deductible charitable donation. The American people should not allow themselves to be fooled by Castro’s lobby; this is what they mean by ending the U.S. commercial embargo, opening an unlimited credit account for buying in the U.S. without expectations of ever being repaid.
The Soviet Union that kept Castro in power is gone and so are the 6 billion dollars a year and over 150 billion dollars in military aid; and has almost exhausted the largesse of the Western countries including Japan, which willingly accepted to be defrauded by the Cuban tyrant of many billions of dollars of un-collectable debts, Castro is now counting on his strong lobby in the United States to end the embargo and open for him the doors to Fort Knox.
Castro’s debt to Spain is 11.2 billion dollars so far, and the Spanish pirates are being paid, in part, with American properties stolen by Castro and whose legitimate owners are U.S. citizens. Similar is the case with Cuba’s debts to Argentina, Japan, Canada, Brazil, Mexico, the Paris Club of European banks, and every other country that jumped in and risked shadowy dealings with an international outlaw, as is the case of the international promoted prostitution based tourism trade.
Before jumping into Cuba’s economic black hole, American investors and the American people should be aware that according to the 1995 country investment risk survey, made by the specialized magazine Euromoney, Cuba was rated in 183rd place out of 187 countries, ranking below Somalia. The Financial Times reported on June 30, 1995. “Why then, investors may ask, should they bother with Cuba in a world replete with opportunities and more welcoming governments?” The country’s investments situation have worsened considerably since 1995. Cuba’s per capita income went down from $364 in 1958 (fourth in Latin America according to the International Monetary Fund and with a strong currency on par with the dollar), to $48 year income and a worthless currency. What kind of return can the foreign investors expect?
“Useful idiots” in the U.S. Congress such as Jose Serrano, Charles Rangel, Sheila Jackson Lee and Senator Christopher Todd, among others, who strongly opposed president’s Bush tax relief for overburdening American taxpayers; are demanding, along with the unrelenting 42 year support of the radical left controlled media, the World Council of Churches and many other fellow travelers and communist front organizations, that the U.S. taxpayers bankroll Castro’s reign of terror.
The American people seem to have forgotten that President Kennedy instituted the embargo in February 1962, after Castro had seized billions of dollars of American assets. That was Castro’s first heist of the American treasure, now he is aiming to raid Fort Knox with the approval of the American people.
It is encouraging that President Bush is adopting an uncompromising policy in favor of helping to end the last communist enclave in this hemisphere before another is established in Venezuela. God bless America!
Why would lifting the embargo give castro a credit line at all? In a free market, wouldn't his "credit rating" be determined by the competition of banks?
Senator Christopher Todd
I expect that they mean "Senator Christopher Dodd"
Thanks for the correption.
This is at the heart of the problem, Castro has defaulted in all his internationals deals, he is not credit worthy. Castro has completely destroyed Cuba's economy, in an slaved and oppressed Stalinist system the productivity is nil, so a country as Cuba, that before the revolution enjoyed one of highest standards of living in the hemisphere, one of the best fed people in the world, with a thriving economy and a net exporter of food, today became second to Haiti in index of misery, and in the index of oppression Cuba rates on the very top in the world on par to North Korea.
How can Castro buy anything if not on credit? Every country that sold on credit to Cuba found that Castro does not pay his debts. The American companies that would deal with Castro will sell only if the U.S. government guarantee those deals. If Castro pays, the profit goes to the multinationals and the banks; if CASTRO DEFAULT, WE TAXPAYERS WILL END FOOTING THE BILL; it is a winning game for unscrupulous entrepreneurs but a loosing one for the American taxpayers.
You can be sure that if Castro had cash the US. Would be the last country from which he will buy anything. The end of the embargo would mean the opening of the International Monetary Fund, the Export and Import Bank, and other international credit banks that are 95% financed by the American taxpayers. If the Europeans, Latin Americans, Japanese and Canadian companies were doing such a great business with Castro, Why would they want the end of the embargo opening the doors for the American companies to compete with them? Their last hope in order recoup the losses for their unwise partnership with Castro is that the American taxpayers assume the burden of maintaining his rule of terror bankrolling his regime.
Castro is not new in the heist business, he was also instrumental in the 1983 Wells Fargo’s armored truck armed robbery in Connecticut aimed to finance the Puerto Rican terrorist group, Los Macheteros. Fernando Garcia Bielsa, as Chief of the America Department of the Cuban Communist Party, was the intellectual author of the heist and a series of terrorist bomb attacks in the United States. This international outlaw is now a diplomat of the Cuban Interest Section in Washington. The 7 million dollars heist ended up in Castro’s hands; Clinton granted the Puerto Rican terrorists clemency in 1999.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
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