John Perkins a former World Bank economist reveals how USA through World Bank, IMF and other financial institutions it controls cheat countries around the world of trillions of dollars.
John Perkins worked directly with the heads of the
World Bank, IMF and other global financial institutions USA controls. He
quit this job in 1980s because he felt it was morally and ethically
wrong for him to play a part to help creating USA into a bloatedly rich world
empire at the expense of the poor disadvantaged third world countries.
job as an "Economic Hit Man" was to convince countries that are
strategically important to USA to accept enormous loans for infrastructure
development and to make sure that the lucrative projects were contracted
to US corporations . He created economic projections for countries to
accept billions of dollars in loans they surely couldn't afford. His
conscience was pricked when he realised how these wicked American
practices have directly resulted in terrorist attacks and animosity
towards the United States.
Perkins defines economic hit men as
"highly paid professionals who cheat countries around the globe out of
trillions of dollars. They funnel money from the World Bank, the U.S.
Agency for International Development
(US AID), and other foreign
'aid' organizations into the coffers of huge corporations and the
pockets of a few wealthy families who control the planet's natural
Their tools include fraudulent financial reports, rigged
elections, payoffs, extortion, sex, and murder. They play a game as old
as empire, but one that has taken on new and terrifying dimensions
during this time of
Perkins' was hired as an
economist for the international consulting firm of Chas. T. Main, Inc.
(MAIN). He was told in confidential meetings with "special consultant"
to the company Claudine Martin that he had
two primary objectives:
He was supposed to justify huge loans for countries. These loans would
be for major engineering and construction projects, which were to be
carried out by MAIN and other U.S. companies such as Bechtel,
Halliburton, Stone & Webster and Brown & Root.
He was supposed to help bankrupt the countries that received these
loans after the U.S. companies involved had been paid. This would make
sure that these countries would remain in debt to their creditors and
then be easy targets when the U.S. needed favors such as military bases, UN votes and access to natural resources like oil.
job was to produce economic growth projections that would make the case
for a variety of major projects. If the U.S. decided to lend a country
money, Perkins would compare the economic benefits of different
such as power plants or telecommunications systems. He would then
produce reports that showed the economic growth the country would
experience due to these projects. These economic growth projections
needed to be high enough to justify the loans. Otherwise, the loans would be denied.
gross national product (GNP) was always the most important factor in
these economic projections. The project expected to increase the GNP the
most would be chosen. In the cases where there was only one project
consideration, it needed to be shown that the project would greatly
benefit the GNP. Luckily for the economic hit man, GNP figures can be
quite deceptive. "For instance, the growth of GNP may result even when
profits only one person, such as an individual who owns a
utility company, while the majority of the population is burdened with
All of these projects were meant to make huge profits for the
contractors. The U.S. engineering and construction companies involved
would be assured of great wealth. At the same time, a few wealthy
influential leaders in the receiving countries
would become very happy and very rich thanks to these loans. The leaders
of these countries would also have bolstered political power because
they were credited with bringing
industrial parks, power plants and airports to their people.
problem is that these countries simply cannot handle the debt of these
loans and their poorest citizens are deprived of health, education and
other social services for several decades as these countries struggle
to overcome their huge debts. Meanwhile, the huge American media
conglomerates portray these projects as favors being provided by the
United States. American citizens in general have no trouble believing
these messages, and in fact are led to perceive that these actions are unselfish acts of international goodwill.
due to the large debts, the U.S. is able to draw on these countries for
political, economic and military favors whenever desired. And of
course, the U.S. corporations involved with the expensive projects
The U.S. Government was clever in
using economic hitman without directly implicating Washington. US
empowered international corporations and mujltinatioinal organizations
such as the World Bank and IMF. This allowed for US governments, corporations and multinational organizations to form mutually beneficial
relationships . US intelligence agencies like CIA and FBI were able to
use these relationships to their advantage.
organizations such as the National Security Agency (NSA) were now able
to screen for potential economic hitmen (as they did with Perkins) and
then have them hired by international corporations such as
economic hitmen would never be paid by the government; instead, they
would draw their salaries from the private sector. As a result, their
dirty work, if exposed, would be chalked up to corporate greed rather
to government policy. In addition, the corporations that
hired them, although paid by government agencies and their multinational
banking counterparts (with taxpayer money), would be insulated from
oversight and public scrutiny, shielded by a
growing body of legal initiatives, including trademark, international
trade, and Freedom of Information laws."
Thursday,14th July, 2016