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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


betternewthings at 2004-11-10 00:20 (UTC) (Link)
An economist with a grasp of mathematics would ask this question:

Why is it that the two countries that we flat-out occupied in the 20th century are now two of the three largest creditors the US has?

I mean we full-on tanks and bases colonized Japan and Germany for sixty or so years - and *they're* lending *us* money.

Methinks it's because the Equadoreans don't have the fiscal skill of the Germans and Japanese, not because the evil Americans are tring to colonize them.
Generation Y's Howard Beale
dk at 2004-11-10 09:31 (UTC) (Link)

additionally, economic and game theories say the US would be incorrect not to take advantage of/exploit/use that to our own gain in some way- we'd be throwing away a chance at using our resources to maximize gain; from a fiscal and logical perspective, it wouldn't make sense.

but the fact remains that any citizens of such 3rd-world countries who manage to get their heads far enough out of the sand to realize what's going on are going to use it as an (excuse/reason, depending on perspective) to be pissed off and feel oppressed.

thus, terrorism is bred; which i think is the general idea of the book.
betternewthings at 2004-11-10 22:20 (UTC) (Link)
This would go a long way towards explaing why we were attacked by a bunch of middle-class Saudis financed by a wealthy Saudi, all from a country that's not only not in debt to America, but one of the few countries that truly has America over a barrel.

According to this theory, we should be getting overrun by terrorists from Vietnam, Laos, Cambodia, and South Korea.

Haven't seen a Hyundai full of bombs yet.

Similarly, according to this theory, the Indians ought to be mobilizing to kill us for our support of Pakistan, instead of becoming one of our most important trade partners.

This week's WSJ incidentally has the numbers concerning this very issue - the conclusion is that almost no economic factors can be linked to terrorism, and that the one common factor is dictatorship
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