FINAL WARNING: Financial Background
100 branches in Columbia and Peru), Banco Continental (with about 40
branches in Peru), Banco Atlantida (with 20 branches in the Honduras),
Nederlandsche Crediet (with over 60 branches in the Netherlands), and
Standard Bank Group (with over 1,200 branches in 17 African
countries).Through a subsidiary, the Chase Investment Corp., they owned a
sheep and cattle raising operation in Australia, hotels in Puerto Rico
and Liberia, a ready-mix concrete facility in Brazil, a cotton textile mill
in Nigeria, a paint factory in Venezuela, a steel mill in Turkey, a
petrochemical plant in Argentina, a bus line in the Virgin Islands, and
bowling alleys in England.Our tax dollars, through the Export-Import Bank, International
Monetary Fund, Cooperation for Overseas Investment, and the
International Stabilization Fund, are used to give aid to other countries,
some who were communist. Millions of dollars were given to
Yugoslavia, including hundreds of jets, many of which ended up being
given to Castro in Cuba.Chase, and the Export-Import Bank financed 90% of the $2 billion loan
to build the Kama River truck complex in Russia, which was equipped
with the world’s largest industrial computer system, with the capability
of producing up to 200,000 ten-ton trucks a year. A U.S. Government
official who toured the facility, reported that V-12 diesel engines were
being produced there, and said: “There is only one vehicle in Russia
that uses that type of engine, and that’s a Russian battle tank.”
Besides the production of trucks, they also have the capability of
producing jeeps, military transports and rocket launchers. The
repayment period for the loan was twelve years, with a 4-1/2 year grace
period. The loan repayment was guaranteed by the U.S. taxpayers
through government agencies like the Overseas Private Investment
Corp., and the Foreign Credit Insurance Association.Chase Manhattan and the Bank of America lent about $36 million for
the Bechtel Corp. to build and equip an international Trade Center in
Moscow, which had been arranged by Armand Hammer of Occidental
Petroleum, a personal friend of Lenin, and son of one of the founders
of the U.S. Communist Party.