jurebasu

anti-war; pro-peace-- anti-globalization, big business; pro-small business-- anti-rich; pro-poor "The only way of ending poverty is giving power to the poor. Knowledge and consciousness are the main power!" – President Hugo Chávez

Friday, January 14, 2005

Confessions of an Economic Hit Man: How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions

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We speak with John Perkins, a former respected member of the international banking community. In his book Confessions of an Economic Hit Man he describes how as a highly paid professional, he helped the U.S. cheat poor countries around the globe out of trillions of dollars by lending them more money than they could possibly repay and then take over their economies.
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this is exactly how the IMF/World Bank runs its business. This is what globalization is all about. Obviously, rich yountries support it while thirld world countries are against it. (Every year we see the G8/World Economic Forums in our rich western countries. At the same time, the third world countires hold their own World Social Forum in poor copuntires, usually in Porto Alegre, Brazil. )

Michel Chossudovsky has an excellent book on globalization- The Globalization of Poverty and the New World Order. In this book, one can clearly see how the IMF/World Bank deliberately made poor countries their slaves, forcing them to shut down industries, only to be taken over by rich western countries.


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