That's where all the foreign aid (which might be defined as a transfer from poor people in rich countries to rich people in poor countries) went as w… - Doug Casey

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That's where all the foreign aid (which might be defined as a transfer from poor people in rich countries to rich people in poor countries) went as well. The U.S. government still squanders about $20 billion a year this way, and European governments spend proportionally even more; it's all gone straight down a giant rathole.