Friday, April 01, 2005

Confessions of an Economic Hit Man by John Perkins - review: "'This is what we EHMs, (Economic Hitmen), do best: we build a global empire. We are an elite group of men and women who utilize international financial organizations to foment conditions that make other nations subservient to the corporatocracy running our biggest corporations, our government and our banks. Like our counterparts in the Mafia, EHMs provide favors. These take the form of loans to develop infrastructure, electric generating plants, highways, ports, airports, or industrial parks. A condition of such loans is that engineering and construction companies from our own country must build all these projects. In essence, most of the money never leaves the United States; it is simply transferred from banking offices in Washington to engineering offices in New York, Houston or San Francisco.' 

'Despite the fact that the money is returned almost immediately to corporations who are members of the corporatocracy (the creditor), the recipient country is required to pay it all back, principle plus interest. If an EHM is completely successful, the loans are so large that the debtor is forced to default on its payments after a few years. When this happens, then like the Mafia, we demand our own pound of flesh. This often includes one or more of the following: control over United Nations votes, the installation of military bases, or access to precious resources such as oil or the Panama Canal. Of course, the debtor still owes us the money and another country is added to our global empire.'"

(Via LewRockwell.com Blog.)