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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
Want to know why the U.S. always seems to be at war with some unheard of country? And the techniques of getting a country so far into debt that it gives up its sovereignty ? Read morePublished 2 days ago by Richard C. Pomaibo
The only reason I bought this book was for a Argumentative Writing class. This book did not teach me how to write a argumentative paper. Read morePublished 4 days ago by Michelle P
The American population is largely uninformed - by design. Thanks, John Perkins, for shedding a bit of lightPublished 11 days ago by J. Fogarty
A great read. Interesting insight into the defense contractor industry.Published 12 days ago by Daniel L. Moore