A HUGE DEBT for rakyat indonesia…

posted:  30:06:05,  by:  ivo setyadi,  in categories:  readings, politics, contemplation

From an article here. Here’s some excerpt:

AMY GOODMAN: Okay. Explain the company you worked for.

JOHN PERKINS: Well, the company I worked for was a company named Chas. T. Main in Boston, Massachusetts. We were about 2,000 employees, and I became its chief economist. I ended up having fifty people working for me. But my real job was deal-making. It was giving loans to other countries, huge loans, much bigger than they could possibly repay. One of the conditions of the loan–let’s say a $1 billion to a country like Indonesia or Ecuador–and this country would then have to give ninety percent of that loan back to a U.S. company, or U.S. companies, to build the infrastructure–a Halliburton or a Bechtel. These were big ones. Those companies would then go in and build an electrical system or ports or highways, and these would basically serve just a few of the very wealthiest families in those countries. The poor people in those countries would be stuck ultimately with this amazing debt that they couldn’t possibly repay. A country today like Ecuador owes over fifty percent of its national budget just to pay down its debt. And it really can’t do it. So, we literally have them over a barrel. So, when we want more oil, we go to Ecuador and say, “Look, you’re not able to repay your debts, therefore give our oil companies your Amazon rain forest, which are filled with oil.” And today we’re going in and destroying Amazonian rain forests, forcing Ecuador to give them to us because they’ve accumulated all this debt. So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It’s an empire. There’s no two ways about it. It’s a huge empire. It’s been extremely successful.

AMY GOODMAN: We’re talking to John Perkins, author of Confessions of an Economic Hit Man. You say because of bribes and other reason you didn’t write this book for a long time. What do you mean? Who tried to bribe you, or who — what are the bribes you accepted?

JOHN PERKINS: Well, I accepted a half a million dollar bribe in the nineties not to write the book.

AMY GOODMAN: From?

JOHN PERKINS: From a major construction engineering company.

AMY GOODMAN: Which one?

… [deleted]

Check the link above for the rest of the story.


2 Comments »

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    Comment by shelly — August 13, 2008 @ 5:43 am


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    Comment by John Roberts — September 29, 2008 @ 9:53 am


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