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November 9th, 2004


looks highly readable

Posted on 2004.11.09 at 15:40
A country today like Ecuador owes over fifty percent of its national budget [to the U.S.] 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.

-excerpt from plug interview w/ John Perkins,
author, Confessions of an Economic Hit Man

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