Kamis, 22 Desember 2011

The Big Payback Time

John Perkins, in his book The Confessions of an Economic Hitman, talks about the years he worked for an international consulting firm where his main job was to convince less developed countries around the world to accept multibillion-dollar loans for infrastructure projects. He would see to it that most of this money ended up at the military industrial complex companies of Halliburton, Bechtel, Brown and Root, and other United States engineering and construction companies. He also worked for the U.S. government, in which his dealings led to dire consequences on the victimized countries. In the following video, he talks about his experience. Take note of the second half of his testimony.

(YouTube link)

In another great political commercial by Ron Paul, he describes a similar situation of not being able to pay down debt to the U.S. lender. Do you see the connection between the two? I'm not saying that it will happen, but it creates the basis for it. Will there be a similar payback time, be it to China or the World Bank?

(YouTube link)

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