Confessions of an Economic Hit Man | John Perkins

Summary of: Confessions of an Economic Hit Man
By: John Perkins

Introduction

Delve into the world of Economic Hit Men (EHMs) in John Perkins’ ‘Confessions of an Economic Hit Man’. In this eye-opening account, Perkins shares his own experiences as an EHM, where his mission was to trap developing nations in a web of debt, essentially enslaving them to US commercial interests. From his unsuspecting beginnings in the Peace Corps to the realization of the damage he was causing, Perkins’ story illuminates the global forces manipulating economies and the individuals caught in this web. Readers can anticipate a raw, gripping narrative that exposes the realities of how EHMs operate and the consequences of their actions on nations across the world.

The Invisible Armies

Meet the Economic Hit Men (EHMs) and CIA-sanctioned jackals, whose clandestine operations are destroying the economies of developing nations. John Perkins, an EHM, shares his experiences of cheating companies out of vast sums of money and overthrowing reluctant political leaders. With sophisticated methods and optimistic forecasts, they secure credit for expensive projects. And when all else fails, the jackals step in, leaving behind a trail of violent coups and assassinations. This shocking exposé reveals how our global economy is manipulated and controlled by powerful elites.

Confessions of an Economic Hit Man

John Perkins, an economic hit man, shares his experiences as a tool to justify huge international loans that eventually bankrupted countries into becoming dependent on the US.

John Perkins was an economics graduate from Boston University who joined the Peace Corps to avoid the Vietnam draft. His relative approved of his plan, saying they needed agents who understood the natives. It was only later that Perkins realized that the Peace Corps was a crucial part of his preparation to become an economic hit man.

In 1971, Perkins took a job as an economist with Chas. T. Main, Inc., where he was introduced to Claudine Martin, a special consultant. Claudine was there to “mold him into an economic hit man.” Over time, Perkins learned that his job was to justify huge international loans for massive construction and engineering projects that would benefit US companies, including Bechtel, Halliburton, and Brown & Root.

Perkins’ work involved two roles: justifying the loans and working methodically to bankrupt the countries that accepted them. The goal was to make the countries dependent on creditors, forcing them to comply with requests for access to oil or military bases. Perkins and his fellow economic hit men were paid to cheat countries out of billions of dollars, and the job was to encourage world leaders to become part of a vast network that promoted U.S. commercial interests.

Perkins confesses that his story must be told because it explains how the world got to where it is today and why we currently face seemingly insurmountable crises. For the first time in history, a nation, the US, has the money, power, and ability to change the world. And Perkins’ story, as an economic hit man, highlights how this power has been abused to promote corporate interests at the expense of the developed world.

Confessions of an EHM

John Perkins, a former economic hit man, reveals his experience working as a chief economist for Main Inc. hired by organizations such as USAID and the Asian Development Bank to visit cities and forecast growth in grant areas. During his visits to Indonesia, he heard candid stories from ordinary people who felt exploited by the US. Perkins begins to waver in his certainty of purpose, and when he returns to Boston, he finds his mentor Claudine has vanished. He attends meetings with leaders such as the shah of Iran and Robert McNamara, but he grapples with his role as an EHM. Despite his discomfort, his aggressive growth forecasts earn him a promotion. Perkins shares his story to shed light on the exploitation of developing countries and encourages readers to seize the opportunity to create a better future.

The True Role of the US in the Iranian Revolution

In this book, the author recalls his experience in Tehran during the Iranian Revolution in 1978. The overthrow of the shah showed the US had gravely underestimated its true role in the world. Through his teacher Claudine, the author learns about a vast network that promotes US commercial interests, ensnaring world leaders in a web of debt to ensure their loyalty. The Carter administration’s attempts to rescue the American hostages failed, leading to Ronald Reagan’s presidency and a shift towards using military muscle to maintain the nation’s top spot.

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