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Lawrence of Arabia
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of the Gulag Archipelago
Apr 2001
time: 06:18
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John Perkins is an ex - economic hit man (EHM.) His job was to work towards endebting third world countries so that the US could extract consessions, such as military bases, political support, and cheap resources like oil. He was hired by Chas T Main and was promoted very quickly to Chief Economist, even though he did not have a degree in Economics. Other companies in this business include Bechtel and Halliburton. Perkins was recruited by the NSA who then hooked him up with a job at MAIN. His job was to write economic forcasts for proposed development projects in third world countries. MAIN told him to inflate the impact of said projects to get them to be approved by both the host country, and lenders, such as World Bank and other regional development banks. When governments refuse to cooperate with the EHM, the US government sent in the real hit men - NSA, CIA, named the jackals. When the jackals failed, the US intervened directly, and militarily, as was the case with the Shah in Iran, Nicaragua, Chile and Panama.
The goal of MAIN and its 'competitors' (who were in reality not competing) after the oil shock was to create a pliant Saudi Arabia. Not only was the point of EHMs to get concessions for the US government, but all work had to be done by US companies. Perkins was asked to write a report on how to create an ally in Saudi Arabia. He proposed installing a state of the art garbage disposal system (before there had been goats eating trash on the sidewalks.) The proposal also proposed huge refineries, necessitating large industrial parks, new electricity plants and lines, imports of people from elswhere to work, new highways, communication lines, airports and seaports and services industries to keep the cogs turning. All built by US contractors. The modernization would trigger adverse reactions from Saudi Arabia's conservative neighbors, necessitating the country to buy protection from the US - airplaines, military hardware, defense contractors from america would naturally get all the orders.
Companies in the line of work of Chas T Main are also powerfully influential in Washington. Robert McNamara started as CEO of a company, became Sec. of Defense under Nixon, and became head of the World Bank. George Shultz was president of Bechtel before he became Sec. of Treasury and Chairman of the Council on Economic Policy under Nixon. Casper Weinberger was a vice president at Bechtel and became Sec. of Defense under Reagan. Richard Helms was Director CIA under Johnson and became ambassador to Iran under Nixon. Richard Cheney was president of Halliburton, before becoming Sec. of Defense under Bush I and vice president under Bush II. Bush I was founder of Zapata Petroleum, ambassador to the UN under Nixon and Ford, and also Director CIA under Ford. The links between these companies and the White House and international organizations is evident. These men control the levers of power and are shuffled in and out of different military - industrial and government -international posts. (Confessions of an Economic Hitman 1 - 100)
Last edited by Lawrence of Arabia on 05-05-2005 at 08:32
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DanS
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Kickball Capital of the World
Jan 1970
time: 00:18
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Some of this rings true, but most rings false as a general way things were done.
Take for instance, the super high tech garbage system in Saudi Arabia. During the oil crises, Saudi Arabia had more dollars than it knew what to do with. A tsunami of Dollars flowed into Saudi coffers that were ill-suited to handle it. Dollars are not legal tender in Saudi Arabia, so they need to either be shipped overseas as investments, are used to buy American goods, or are used to hire American companies to do useful things for and in Saudi Arabia. A lot of that stuff is damn near useless, as a garbage system is to a bunch of bedouins, but the books have to be balanced some way.
Looking for a conspiracy here is a fool's game. We were and are locked at the hip because of the oil trade. We're an odd couple. Everybody can see it. It's not a secret.
Last edited by DanS on 05-05-2005 at 08:39
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Master Zen
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of naughty
Jan 2003
time: 23:18
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quote:
Originally posted by Lawrence of Arabia
After the Saudi Arabian project, Perkins was promoted to partner at Chas T Main, the youngest partner ever. In order to continute justifying the large overestimations of growth by MAIN with regard to the proposed projects, Perkins hired an MIT mathematician named Dr. Nadipuram Prassad to hammer out an econometrics model based on the writings of a turn of the century Russian mathematician. Within six months, they had developed the Markov method for econometrics modeling. They hammered out a series of academic papers and marketed Markov as a revolutionary method of forcasting the impact of infrastructure investment on economic development. Chas T MAIN specialized in infratructure, especially electrical plants and grids.
The Markov Model was exaclty what Perkins and MAIN needed: a tool that scientifically "proved" the forcasts of MAIN and Perkins. THe papers were published by several organizations, and in universities.
The papers, and them, became famous throughout the industry. Only a highly skilled econometrician with lots of time and money could comprehend and refute the intricasies of Markov and its conclusions. (Confessions of an Economic Hitman 95 - 110) |
As an economist, I can assure you that econometrics serves no more important role than to prove, not what is, but what you want (or don't want).
Reminds me of a phrase to describe my kind: "The numbers don't lie. But you can lie with numbers". The essense of econometrics. 
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Lawrence of Arabia
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of the Gulag Archipelago
Apr 2001
time: 06:18
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quote:
Some of this rings true, but most rings false as a general way things were done.
Take for instance, the super high tech garbage system in Saudi Arabia. During the oil crises, Saudi Arabia had more dollars than it knew what to do with. A tsunami of Dollars flowed into Saudi coffers that were ill-suited to handle it. Dollars are not legal tender in Saudi Arabia, so they need to either be shipped overseas as investments, are used to buy American goods, or are used to hire American companies to do useful things for and in Saudi Arabia. A lot of that stuff is damn near useless, as a garbage system is to a bunch of bedouins, but the books have to be balanced some way.
Looking for a conspiracy here is a fool's game. We were and are locked at the hip because of the oil trade. We're an odd couple. Everybody can see it. It's not a secret. |
sure, but that was just the starting point. The whole idea wasnt to invest their dollars, it was to get Saudi Arabia dependant on the US, and the succeeded. It also created millions for US contractors, and the House of Saud without helping the people of the country.
The US offered all of this with one condition: that Saudi Arabia would use its petrodollars to buy US government bonds. The interest earned would be spent by the US Dept of Treasury to pay US companies to fulfill the visions in Perkins paper, to build cities in the desrt, and to make the House of Saud a prisoner of american interests (Confessions of an Economic Hitman 89 - 100)
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DanS
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Kickball Capital of the World
Jan 1970
time: 00:18
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They had to do something with their dollars. What else were they going to do with them? We only had garbage systems to offer them, so they got garbage systems.
No need to make them pliant or dependent. It was and is a necessary consequence of the oil trade. We are co-dependent.
Last edited by DanS on 05-05-2005 at 09:01
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Lawrence of Arabia
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of the Gulag Archipelago
Apr 2001
time: 06:18
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Early in 1981, the Roldos administration [in Ecuador] presented its hydrocarbons law to the Ecaudorian Congress. If passed, it would reform the countries relation with the oil companies. It was considered radical and revolutionary. Its influence would stretch into much of Latin America.
The oil companies reacted strongly - their public relations people vilified Jaime Roldos. They swept in Washington and Quito, armed with briefcases full of bribes and threats. They painted the first democratically elected politician in Ecuador as a modern day Castro. But Roldos did not back down. He denounced the link between politics, oil, and religion. He accused the Summer Institute of Linguistics of colluding with the oil companies, and ordered the SIL out of the country. The EHMs had failed.
Weeks after expelling the SIL missionaries, the president of Ecuador threatened to remove all foreign interets unless they implemented plans that would help Ecuador's poor. After a major speech in Quito, he headed off to a small community in southern Ecuador.
He died there in a fiery helicopter crash, on May 24th 1981. The jackals had succeeded where the EHMs had not.
The new president, Osvaldo Hurtado, allowed the SIL back into the country, and allowed the oil companies to continue their drilling and exploration. (Confessions of an Economic Hit Man 156 - 157)
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05-05-2005 08:17
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