Economic hit men (EHMs) build a global empire. Who are they?
EHMs are highly paid professionals who cheat countries around the globe out of trillion of dollars. They funnel money from the World Bank, the US Agency for International Development (USAID) and other foreign “aid” organisations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources. Their tools include fraudulent financial reports, rigged elections, payoffs, extortion, sex and murder. They play a game as old as empire, but one that has taken on new and terrifying dimension during this time of globalization.
A series of ‘coincidences’ led to the recruitment of Perkins by the NSA. He was later hired as an economist at a private firm, called MAIN. Its primary business was engineering and its biggest client was the World Bank. While at MAIN, Perkins was recruited and trained as EHM. Claudine, who was responsible for Perkins’s training, took full advantage of Perkins’s personality weaknesses disclosed by his NSA profile.
EHMs work to serve the interests of the corporatocracy, which is a collection of corporations, banks and governments that use their financial and political muscles to ensure that our schools, businesses and media support both the fallacious concept and its corollary. Members of the corporatocracy endorse common values and goals. One of the corporatocracy’s most important functions is to perpetuate and continually expand and strengthen the system.
The work of EHMs turns US from a republic into a global empire. They utilize international financial organisations to foment conditions that make other nations subservient to the corporatocracy running their biggest corporations, governments and banks. Loans are given to countries to develop infrastructure such as electric generating plants, highways, airport etc.
The condition for the loan is that the engineering and construction companies from US must build these projects. The money is simply transferred from banks in Washington to engineering offices in New York, Houston or San Francisco. The money returns almost immediately to corporations that are members of the corporatocracy, but the recipient country pays back the entire sum plus interest.
Two primary objectives of Perkins’s job as EHM are: 1) Justify huge international loans that would funnel money back to MAIN and other US companies through massive engineering and construction projects; 2) Work to bankrupt the countries that receive the loans so that they are forever beholden to their creditors — they then become easy targets when US needs favours.
EHMs forecast the effects of investing billions of dollars in a country. The unspoken aspect is to create large profits for contractors and make a handful of wealthy and influential families in the receiving country happy while ensuring long-term financial dependence and political loyalty of governments.
The loans are so large that the debtor is forced to default on its payment after a few years. When this happens, EHMs make demands such as control over UN votes, installation of military bases or access to resources, such as oil, at a very low price. All the while, the debtor still owes the money and the country is added to the global empire.
As a result of EHMs work in Ecuador, a pipeline was built that has since leaked over half a million barrels of oil in the the rain forest. Vast areas of rain forest have fallen. Wild life, such as macaws and jaguars, have almost vanished. Three Ecuadorian indigenous cultures have been driven to the verge of collapse and pristine rivers have been transformed into flaming cesspools.
The indigenous people started fighting back. These are wars that are unknown outside the country where they are fought. The wars are between the local people, who are fighting to prevent oil companies from destroying their homes, families and lands. It is the survival of their children and cultures versus the corporatocracy of power, money and natural resources.
When EHMs fail, the jackals step in. When the jackals emerge, heads of states are overthrown or die in mysterious accidents. If the jackals fail, young Americans are sent to kill and die in a war that has nothing to do with defending their country. Omar Torrijos of Panama was one of the people who resisted attempts to corrupt him and implemented many policies that benefited his people, especially the poor. Because he contradicted the interest of the corporatocracy, he was assassinated by CIA-sponsored jackals.
In 1951, Iran rebelled against a British oil company that was exploiting Iran’s natural resources and people. In response, the democratically elected and popular Iranian Prime Minister, Mohammad Mossadegh, nationalized all Iranian petroleum assets, which outraged Britain. Britain sought the help of US (its ally), but both feared a military retaliation would provoke the Soviet Union into taking action on behalf of Iran. Therefore, Washington sent a CIA agent, Kermit Roosevelt, who won people over through payoffs and threats. Eventually, Mossadegh went down and spent the rest of his life under house arrest. The pro-American Mohamed Shah Reza became the unchallenged dictator.
Roosevelt’s ploy rendered obsolete the old strategies of building an empire. The only problem with Roosevelt’s work in Iran was that he was a CIA employee. If he was caught, there would’ve been serious ramifications because he orchestrated a US operation to overthrow a democratically elected foreign government. It was important that future operations do not implicate Washington.
The solution: US intelligence agencies, including NSA, would identify prospective EHMs, who would then be hired by international corporations. The EHMs would never be paid by the government; they draw their salaries from the private sectors. If they are caught while carrying out their dirty work, the blame would be on corporate greed, not government policy. The corporations that hire them would be protected from congressional oversight and public scrutiny.
After the 1974 oil embargo ended, Washington began negotiation with Saudi Arabia, offering technical support, military hardware and training, and an opportunity to bring Saudi Arabia to the twentieth century in exchange of a guarantee there won’t be another oil embargo. This plan relied on Saudi money to hire American firms to build up Saudi Arabia. No US funding was involved, therefore, Congress had no authority in the matter.
Perkins’s mission in Saudi Arabia was not to burden the country with debt, but to find ways to make sure a large amount of petrodollars found its way back to US. In the process, Saudi Arabia’s economy would be more intertwined with and dependent on US economy. Saudi Arabia would then become more sympathetic and integrated into the US system. The goal was to maximize payouts to US firms and make Saudi Arabia increasingly dependent on US.
Washington wanted Saudi Arabia to guarantee oil supply and prices at levels that could fluctuate but remain acceptable to US and her allies. If other oil producing countries threaten embargo, Saudi Arabia would step in to fill the gap. In the long run, this discourages other countries from even considering an embargo. In return, US offered a commitment to provide total and unequivocal political and military support to ensure the Saudis continue to rule their country.
The condition of the deal was that Saudi Arabia uses its petrodollar to purchase US government securities. Interest earned on the securities would be spent by the US Department of Treasury to help modernize Saudi Arabia. In other words, the compounding interest on billions of dollars would be used to pay US companies to fulfill this vision. The US Treasury hires US firms at Saudi’s expense to build infrastructure projects and entire cities throughout Saudi Arabia.
The Reagan and first Bush administrations were determined to turn Iraq into another Saudi Arabia. There was strong EHMs presence in Baghdad in the 1980s. The fact that Saddam was a tyrant didn’t matter. After all, US has tolerated and supported many tyrants before.
Iraq was not just about oil; it was also about water and geopolitics. The Tigris and Euphrate rivers flow through Iraq, meaning that Iraq controls the most critical resources. By late 1980s, it was obvious that Saddam wasn’t buying into the EHM’s scenario, causing much frustration and embarrassment to the Bush administration. Saddam played into Bush’s hands when he attacked Kuwait, giving Bush a justification for an all out military attack. The rest is history.
The work of EHMs to build a global empire for the corporatocracy has inflicted suffering on many people on continents across the globe. While the few rich families become richer, the poor becomes poorer and driven into poverty. Yes, there are people who hate America, but no… not because of her freedom and democracy.
This book is not for everyone. Don’t read this book if you’re comfortable living in Lala Land because reading this book will change your perception of the world and what goes on around you. The next time you read or watch the news, you’ll start questioning what is being fed to you by the media. The next time you hear about an armed conflict somewhere on the globe, you’ll start questioning who is really behind it, who supplies the weapons, who trained the “rebels” and who actually benefits from the conflict. Your world will never be the same again.
Watch this interview with John Perkins