But let us all remember that there has been no substantial success in raising people's incomes and living standards without contact and resources from the rest of the world and that that is something that we requires revenues from exports or foreign investment, or international foreign assistance, and that, if we are going to have progress, we have to find a way to have those things and to make it work for people. I hope I have addressed the concerns that were reflected in your question. This man could not be more devious. It was he, Clinton and Rubin that fought so hard to try to get the IMF to sell 3,000 tonnes of gold for so-called debt relief for the poor, when what they were really after was physical gold supply to be used to suppress the gold price. Their initiative was so popular that in one of the most unusual alliances in history, the leadership of the Democratic and Republican parties, The Black Caucus and 36 our 41 African gold producing countries voted against it.
Summers is no friend to the poor in Africa.
It is even worse than it first appears. He also knew as US Treasury Secretary that if the gold lending were to cease, the price of gold would soar and the natural resource economies of many of these people he professes to want to help would instantly accelerate. If he really cared about the African poor as he professes, that is all he had to advocate, which was exactly the opposite of what he did as U.S. Treasury Secretary. Single-handedly he was in a real position to really do something about these very serious problems. But no, he did whatever he could to insure conditions would worsen by fostering the gold fraud scheme.