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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.
Great real story in a fictional template. Makes people want to apply for the position of Economic Hit Man and have a fabulous career.Published 15 days ago by Ahmed
Very interesting and informative book, but it arrived ripped in the middle of the spine, so almost every page is ripped about a half inch from spine out toward page edge. Read morePublished 5 months ago by Reba Jane
he never talks about him actually making bribes. It is everything but the juicy part. Waist of timePublished 8 months ago by erik cippone
Excellent incite into the interconnectivity of American foreign policy & corporate interests.Published 9 months ago by Steve Tomajko