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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 --This text refers to the Hardcover edition.
I have read the hard copy of this book. Really interesting. When I think about USA secret services and all I would like to accept Perkins's story. Read morePublished 7 days ago by Sam Nelson
Book was in excellent condition and arrived quickly. It was all I could hope for. I also believe this is a book that everyone should read.Published 12 days ago by Bruce
I loved this book. It may come off as conspiracy theory and implausible to some people, but based on my real world experience of 15 years living overseas this book is on point with... Read morePublished 12 days ago by Christopher Hedges
People who are rating this book less than 5 stars either have a vested interest to do so or are completely missing the point of the book. Read morePublished 16 days ago by Daniel Koumanov