Economic Hitmen – an Animated Short

Posted on Oct 19, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden –

John Perkins, author of Confessions of an Economic Hitman, narrates an animated short, briefly explaining how banking cartels such as the IMF turn sovereign countries into debt slaves, build corporation-nations, and enrich the rich.

Perkins, a former chief economist at Boston strategic-consulting firm Chas. T. Main, says he was an “economic hit man” for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business. “Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars,” Perkins writes.

Confessions of an Economic Hit Man is an extraordinary and gripping tale of intrigue and dark machinations.

Perkins writes that his economic projections cooked the books Enron-style to convince foreign governments to accept billions of dollars of loans from the World Bank and other institutions to build dams, airports, electric grids, and other infrastructure he knew they couldn’t afford. The loans were given on condition that construction and engineering contracts went to U.S. companies. Often, the money would simply be transferred from one bank account in Washington, D.C., to another one in New York or San Francisco. The deals were smoothed over with bribes for foreign officials, but it was the taxpayers in the foreign countries who had to pay back the loans. When their governments couldn’t do so, as was often the case, the U.S. or its henchmen at the World Bank or International Monetary Fund would step in and essentially place the country in trusteeship, dictating everything from its spending budget to security agreements and even its United Nations votes. It was, Perkins writes, a clever way for the U.S. to expand its “empire” at the expense of Third World citizens.

Confessions of an Economic Hitman is an excellent book that shares firsthand knowledge and information from a true, one-of-a-kind insider.

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