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. While at times he seems a little overly focused on conspiracies, perhaps that’s not surprising considering the life he’s led. --Alex Roslin
Watch "Confessions Of An Economic Hitman" online for free:
You can rate Documentaries links individually and even submit your comments to the admin if there is a problem with a link. All you need to do is wait 10 seconds after you have clicked on the link for the rating buttons to show up right below the link.
No comments have been posted for this documentary yet!
Watch Documentaries Online is the best place to watch Documentaries online for free. We do our best to bring you the most up to date selection of the latest Documentaries that are available on the internet. Free Documentaries only from iwatchdocumentaries.com.
This page was cached on April 19, 2014, 10:03 am -8:00 GTM