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Confessions of an Economics Hitman

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  • Confessions of an Economics Hitman

    John Perkins is an ex - economic hit man (EHM.) His job was to work towards endebting third world countries so that the US could extract consessions, such as military bases, political support, and cheap resources like oil. He was hired by Chas T Main and was promoted very quickly to Chief Economist, even though he did not have a degree in Economics. Other companies in this business include Bechtel and Halliburton. Perkins was recruited by the NSA who then hooked him up with a job at MAIN. His job was to write economic forcasts for proposed development projects in third world countries. MAIN told him to inflate the impact of said projects to get them to be approved by both the host country, and lenders, such as World Bank and other regional development banks. When governments refuse to cooperate with the EHM, the US government sent in the real hit men - NSA, CIA, named the jackals. When the jackals failed, the US intervened directly, and militarily, as was the case with the Shah in Iran, Nicaragua, Chile and Panama.

    The goal of MAIN and its 'competitors' (who were in reality not competing) after the oil shock was to create a pliant Saudi Arabia. Not only was the point of EHMs to get concessions for the US government, but all work had to be done by US companies. Perkins was asked to write a report on how to create an ally in Saudi Arabia. He proposed installing a state of the art garbage disposal system (before there had been goats eating trash on the sidewalks.) The proposal also proposed huge refineries, necessitating large industrial parks, new electricity plants and lines, imports of people from elswhere to work, new highways, communication lines, airports and seaports and services industries to keep the cogs turning. All built by US contractors. The modernization would trigger adverse reactions from Saudi Arabia's conservative neighbors, necessitating the country to buy protection from the US - airplaines, military hardware, defense contractors from america would naturally get all the orders.

    Companies in the line of work of Chas T Main are also powerfully influential in Washington. Robert McNamara started as CEO of a company, became Sec. of Defense under Nixon, and became head of the World Bank. George Shultz was president of Bechtel before he became Sec. of Treasury and Chairman of the Council on Economic Policy under Nixon. Casper Weinberger was a vice president at Bechtel and became Sec. of Defense under Reagan. Richard Helms was Director CIA under Johnson and became ambassador to Iran under Nixon. Richard Cheney was president of Halliburton, before becoming Sec. of Defense under Bush I and vice president under Bush II. Bush I was founder of Zapata Petroleum, ambassador to the UN under Nixon and Ford, and also Director CIA under Ford. The links between these companies and the White House and international organizations is evident. These men control the levers of power and are shuffled in and out of different military - industrial and government -international posts. (Confessions of an Economic Hitman 1 - 100)
    Last edited by Lawrence of Arabia; May 4, 2005, 23:32.
    "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

  • #2
    Is this a random conspiracy thread?
    Only feebs vote.

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    • #3
      no, this is a memoir published by John Perkins.
      "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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      • #4
        So he gave them garbage trucks so the rest of the Middle East would hate Sudi Arabia...

        Damn dirty CAPITALISM!!!!

        EDIT: Actually, damn CLEAN CAPITALISM!!!!

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        • #5
          reading this book is one of the hardest things ive done. its like the world has turned upside down.
          "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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          • #6
            no, this is a memoir published by John Perkins.


            Oh..OK. I thought it was just an odd story.
            Only feebs vote.

            Comment


            • #7
              After the Saudi Arabian project, Perkins was promoted to partner at Chas T Main, the youngest partner ever. In order to continute justifying the large overestimations of growth by MAIN with regard to the proposed projects, Perkins hired an MIT mathematician named Dr. Nadipuram Prassad to hammer out an econometrics model based on the writings of a turn of the century Russian mathematician. Within six months, they had developed the Markov method for econometrics modeling. They hammered out a series of academic papers and marketed Markov as a revolutionary method of forcasting the impact of infrastructure investment on economic development. Chas T MAIN specialized in infratructure, especially electrical plants and grids.

              The Markov Model was exaclty what Perkins and MAIN needed: a tool that scientifically "proved" the forcasts of MAIN and Perkins. THe papers were published by several organizations, and in universities.

              The papers, and them, became famous throughout the industry. Only a highly skilled econometrician with lots of time and money could comprehend and refute the intricasies of Markov and its conclusions. (Confessions of an Economic Hitman 95 - 110)
              "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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              • #8
                Some of this rings true, but most rings false as a general way things were done.

                Take for instance, the super high tech garbage system in Saudi Arabia. During the oil crises, Saudi Arabia had more dollars than it knew what to do with. A tsunami of Dollars flowed into Saudi coffers that were ill-suited to handle it. Dollars are not legal tender in Saudi Arabia, so they need to either be shipped overseas as investments, are used to buy American goods, or are used to hire American companies to do useful things for and in Saudi Arabia. A lot of that stuff is damn near useless, as a garbage system is to a bunch of bedouins, but the books have to be balanced some way.

                Looking for a conspiracy here is a fool's game. We were and are locked at the hip because of the oil trade. We're an odd couple. Everybody can see it. It's not a secret.
                Last edited by DanS; May 4, 2005, 23:39.
                I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

                Comment


                • #9
                  Originally posted by Lawrence of Arabia
                  After the Saudi Arabian project, Perkins was promoted to partner at Chas T Main, the youngest partner ever. In order to continute justifying the large overestimations of growth by MAIN with regard to the proposed projects, Perkins hired an MIT mathematician named Dr. Nadipuram Prassad to hammer out an econometrics model based on the writings of a turn of the century Russian mathematician. Within six months, they had developed the Markov method for econometrics modeling. They hammered out a series of academic papers and marketed Markov as a revolutionary method of forcasting the impact of infrastructure investment on economic development. Chas T MAIN specialized in infratructure, especially electrical plants and grids.

                  The Markov Model was exaclty what Perkins and MAIN needed: a tool that scientifically "proved" the forcasts of MAIN and Perkins. THe papers were published by several organizations, and in universities.

                  The papers, and them, became famous throughout the industry. Only a highly skilled econometrician with lots of time and money could comprehend and refute the intricasies of Markov and its conclusions. (Confessions of an Economic Hitman 95 - 110)

                  As an economist, I can assure you that econometrics serves no more important role than to prove, not what is, but what you want (or don't want).

                  Reminds me of a phrase to describe my kind: "The numbers don't lie. But you can lie with numbers". The essense of econometrics.
                  A true ally stabs you in the front.

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                  • #10
                    Some of this rings true, but most rings false as a general way things were done.

                    Take for instance, the super high tech garbage system in Saudi Arabia. During the oil crises, Saudi Arabia had more dollars than it knew what to do with. A tsunami of Dollars flowed into Saudi coffers that were ill-suited to handle it. Dollars are not legal tender in Saudi Arabia, so they need to either be shipped overseas as investments, are used to buy American goods, or are used to hire American companies to do useful things for and in Saudi Arabia. A lot of that stuff is damn near useless, as a garbage system is to a bunch of bedouins, but the books have to be balanced some way.

                    Looking for a conspiracy here is a fool's game. We were and are locked at the hip because of the oil trade. We're an odd couple. Everybody can see it. It's not a secret.
                    sure, but that was just the starting point. The whole idea wasnt to invest their dollars, it was to get Saudi Arabia dependant on the US, and the succeeded. It also created millions for US contractors, and the House of Saud without helping the people of the country.

                    The US offered all of this with one condition: that Saudi Arabia would use its petrodollars to buy US government bonds. The interest earned would be spent by the US Dept of Treasury to pay US companies to fulfill the visions in Perkins paper, to build cities in the desrt, and to make the House of Saud a prisoner of american interests (Confessions of an Economic Hitman 89 - 100)
                    "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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                    • #11
                      They had to do something with their dollars. What else were they going to do with them? We only had garbage systems to offer them, so they got garbage systems.

                      No need to make them pliant or dependent. It was and is a necessary consequence of the oil trade. We are co-dependent.
                      Last edited by DanS; May 5, 2005, 00:01.
                      I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                      • #12
                        I've been pimping this book for several months now.

                        Well done Lawerence.
                        We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham Lincoln

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                        • #13
                          They had to do something with their dollars. What else were they going to do with them?

                          No need to make them pliant or dependent. It was a necessary consequence of the oil trade.
                          not according to this guy who said he made his career on this project. His job was not to promote growth, his job was to sell these projects to the House of Saud on faulty premises as a way to advance US interests, make millions for US contractors, and make sure Saudi Arabia is dependant on the US and can no longer create another oil shock.

                          Perkins and MAIN attempted to do the same thing in Iran with limited success. Before they could implement the Flowering Desert program, a program designed to plant millions of acres of tress and grass in the desert, the shah was thrown out in a coup by the Ayatollah Khomeini. Needless to say, the Flowering Program was never economically viable. Chas T MAIN lost millions, and as soon as the shah was out of power, the US tried to trade him back to Iran in exchange for the prisoners. He feld to Panama. Amazing how quickly the US turned against the shah, someone they called a friend.
                          "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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                          • #14
                            Answer me one thing, LoA. What's Saudi Arabia going to do with the dollars, if not spend it on the useless **** we have on offer?
                            I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                            • #15
                              Build shopping malls
                              We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham Lincoln

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