Tuesday, November 15, 2011

Interview - Confessions of an Economic Hit Man - Part I

his international banking trio is destroying the world. They bankrupt countries, charge astronomical interest rates, require unfair loan conditions, and create development strategies that benefit Multinational Corporations rather than the residents of the country.

International Monetary Fund (IMF) - The IMF serves as a sort of “lender of last resort” to developing or struggling countries. Although its stated goal is to “alleviate poverty”, all loans are issued with strict conditions and regulations that usually end up weakening economies, burying governments and their people in debt, and opening up the market to devastating transnational corporations. Watch this video with John Perkins, author of Confessions of an Economic Hitman, to learn more about how it works.

World Bank - Although the World Bank represents 184 countries, it is run by a small group of the most powerful nations who in turn promote their own interests. The President of the World Bank, for example, is nominated by the President of the United States and has always been a citizen of the U.S. Like the IMF, the World Bank also issues Structural Adjustment Loans which place restrictions on how the money can be spent. For example, a World Bank loan may require privatization of the water supply which benefits transnational corporations and undermines the rights of the people. In this way the World Bank can manipulate and control growth in the developing world to benefit itself.


Shasta Connect: solutions for the Mount Shasta area community.

Discernment Times Magazine: educational material on whole being living in Southern Oregon and Northern California

No comments:

Post a Comment