biblomania

Title: Confessions of an Economic Hitman Author: John Perkins Category: Non-Fiction One of the most disturbing books I have ever read.John Perkins is an ex-EHM or economic hitman and the book is his disturbing account of what an EHM does. An EHM actually convinces third world countries in accepting huge loans for big infrastructure projects with help of econometric models and forecasts.The debts are huge with high interest rates and are provided by agencies like USAID,World Bank or IMF.It is ensured that the projects go to American cos like Bechtel or Halliburton. Once the countries are in debt trap US extracts it's pound of flesh in form of natural resources,military bases or in short colonizing it. The author gives his own account of experiences in countries like Indonesia,Ecuador,Panama,Iran and Saudi Arabia all have been by debts,assasinations of politicians or corruption have been made a part of global empire, larger than even the Romans could build.Just to give an example Rob