<BR><FONT size=5> <div align=justify></div></FONT><B><FONT face=Tahoma size=5> <div align=center>YOUTH FOR COMMUNITY ACADEMIC AND DEVELOPMENT SERVICES (YOCADS)</div></FONT><FONT face=Tahoma size=1></FONT><FONT face=Tahoma size=5> <div align=center>PRESENTS </div> <div align=center>HISTORY ON THE DEBT CRISIS</div></FONT><FONT face=Tahoma size=1> <div align=center></div></B></FONT><FONT face=Tahoma size=3> <div align=justify>Unpayable Debt - A Debt is unpayable when paying the Debt prevent a government from meeting the need of its people.</div></FONT><FONT face=Tahoma size=1> <div align=justify></div></FONT><FONT face=Tahoma size=3> <div align=justify>Western Banks lend our money in the 1970 irresponsibly to poor countries. The Banks lent money irresponsibly and immorally to leaders who wasted the money and abused the human right of their people. Some countries like Liberia, Guinea, Ivory Coast, South Africa and Nigeria. Western leaders chose to turn a blind eye to
dictators as they saw in them a powerful ally in the fight against communism and to lent money to them. Money should never have been lent to such leaders. Liberia total external Debt is 3.7 Billion.</div></FONT><FONT face=Tahoma size=1> <div align=justify></div></FONT><FONT face=Tahoma size=3> <div align=justify>Much of Liberia debt was build up by oppressive former rulers: Samuel Doe in the 1980s and Charles Taylor from 1989 - 2003, Liberia must pay off all the arrears of Debts that build up when it was not serving Debts during the civil war: This is around 1.5 Billion. </div></FONT><FONT face=Tahoma size=1> <div align=justify></div> <DIR> <DIR></FONT><FONT face=Tahoma size=3> <div align=justify>Nearly 80 percent of the Liberia population suffers from income poverty;</div> <div align=justify>There are 34 medical Doctors in Liberia;</div> <div align=justify>Only 4. 1 percents of the rural household have access to safe drinking water.</div> <div align=justify>Only
11% of the household have access to flushing toilets;</div> <div align=justify>64% of the household dispose of their human excrement in bushes, rivers, streams, ponds or a hole in the ground;</div> <div align=justify>80 percent high illiteracy rate;</div></FONT><FONT face=Tahoma size=1> <div align=justify></div></DIR></DIR></FONT><FONT face=Tahoma size=3> <div align=justify>Zambia debt repayment to IMF alone cost 25 million, more than the country’s education, 40% of the rural women being enable to read and write.</div></FONT><FONT face=Tahoma size=1> <div align=justify></div></FONT><FONT face=Tahoma size=3> <div align=justify>Most Debt relief is deliver through IMF and World Bank, IMF and World Bank are controlled by the rich countries so they set rules that poor countries to quality for Debt Relief. </div></FONT><FONT face=Tahoma size=1> <div align=justify></div></FONT><FONT face=Tahoma size=3> <div align=justify>To get Debt Relief, poor countries have to cut
public spending- This means spending less on schools and hospitals. All across the developing world, schools and hospital have had to close because of IMF conditions. This is a disaster for people in poor countries, as it means that people have to start paying more for schooling and health.</div></FONT><FONT face=Tahoma size=1> <div align=justify></div></FONT><FONT face=Tahoma size=3> <div align=justify>Open up their markets - This mean America and Europe protect their own produces by paying subsides (Extol money) to women in certain industries like farming, but insist that poor countries remove all their protective subsidies. As a result, local farmers cannot compare and go out of Business (poverty).</div></FONT><FONT face=Tahoma size=1> <div align=justify></div></FONT><FONT face=Tahoma size=3> <div align=justify>Privatize their industries - This means that government stop running services like water and electricity. The people who are most likely to lose out from
privatization are the poor.</div></FONT><FONT face=Tahoma size=1> <div align=justify></div></FONT><FONT face=Tahoma size=3> <div align=justify>LIBERIA DEBT IS UNPAYABLE.</div></FONT><FONT face=Tahoma size=1> <div align=justify></div></FONT> <div align=justify> </div><FONT face=Arial size=2> <div> </div></FONT><FONT face=Tahoma size=3> <div align=justify>Join YOCADS by calling for total Debt cancellation without any conditions and the realization of the Millennium Development Goals (MDGs) in Liberia.</div></FONT><FONT face=Tahoma size=1> <div align=justify></div></FONT><FONT face=Tahoma size=2> <div align=justify>Contact: </FONT><B><FONT face=Tahoma size=3>MR. ALPHONSO K. WEAH </FONT><FONT face=Tahoma size=2>/ EXECUTIVE DIRECTOR</div></B> <div align=justify>Cell: 05648081 / 06539342, Email: </FONT><U><FONT face=Tahoma color=#0000ff size=2>yocadsorg2003@yahoo.com</div></U></FONT><FONT face=Tahoma size=2> <div align=justify></div></FONT><B><FONT face=Tahoma
size=3> <div align=center>NOT TO BE SOLD.</div></B></FONT><p> 
<hr size=1>Don't let your dream ride pass you by. <a href="http://us.rd.yahoo.com/evt=51200/*http://autos.yahoo.com/index.html;_ylc=X3oDMTFibjNlcHF0BF9TAzk3MTA3MDc2BHNlYwNtYWlsdGFncwRzbGsDYXV0b3MtZHJlYW1jYXI-"> Make it a reality</a> with Yahoo! Autos.