USA cheats Third World countries of trillions of dollars through World Bank / IMF and other financial institutions it controls

                               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.

His 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 resources.
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

globalization."
 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 would

then be easy targets when the U.S. needed favors such as military bases, UN votes and access to natural resources like oil.

Perkins' 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

projects 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.
The 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

under 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 it

profits only one person, such as an individual who owns a utility company, while the majority of the population is burdened with debt."
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 families and

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.
The 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

economically 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.
Ultimately, 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 become

extremely wealthy.
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.

Government 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

MAIN.
"These 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 than

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 congressional

oversight and public scrutiny, shielded by a growing body of legal initiatives, including trademark, international trade, and Freedom of Information laws."

Southernglory1
Thursday,14th July, 2016