The Unsustainability of Modern Capitalism | Information Clearing House

Daily Bell: Please treat this interview as if no one knew about you or your bestselling books. Give us some background on where you grew up and how you entered the CIA.

John Perkins: I grew up in New Hampshire and went to business school in Boston. At that time, I was approached by the National Security Agency (NSA), not the CIA, for a series of very sensitive tests including lie detector and personality test. They concluded I would make a good economic hit man, which is essentially a con artist with an economic background. They also said they found several weaknesses in my character that maybe they could use as hooks that would bring me into their game. Primarily, money, sex and power. Being that I was a young man, I was seduced by all of them.

Daily Bell: You were chief economist at a major international consulting firm; how did you gain that position?

John Perkins: After the NSA recruited me, I joined the Peace Corps. When I came out of the Peace Corps, Charles P. Maine hired me. It was a Boston consulting firm and the Sr. VP who hired me had very close ties to the NSA and the intelligence network of the United States in general. What I came to realize was it was all part of the scheme to turn me into an economic hit man. The first economic hit man, guys like Kermit Roosevelt, who overthrew the democratically elected President of Iran actually worked for the CIA.

But the weakness in that system was that if guys like Kermit Roosevelt had been discovered, the US government would have been in deep trouble. So very soon after that experience, they started to use private consultants, instead of actual government employees to do this work. Companies like Charles T. Main were brought in with legitimate contracts, working for the state department or the World Bank or the treasury department or USAID or other organizations and within these organizations were guys like me who did this special field of work.

Daily Bell: Interesting. You advised the World Bank, United Nations, IMF, U.S. Treasury Department, Fortune 500 corporations, and countries in Africa, Asia, Latin America, and the Middle East. What is your opinion of the World Bank?

John Perkins: The World Bank is a tool of economic hit men, there is no question about it. It’s the tool of big corporations, the IMF and most of what we call intelligence agencies of the United States, CIA and NSA. Essentially the job of all these organizations is to help what used to be just US businesses – now we call them multi-nationals – get themselves established around the world in positions where they can exploit the world’s resources, natural resources and human resources. All of these organizations are basically tools of what they call the corporatocracy. The men and a few women who run the biggest and most powerful corporations also run most of the government. Economic hit men help channel the resources of organizations like the World Bank and the IMF, the NSA and the CIA to support the larger agenda.

Daily Bell: The IMF?

John Perkins: It’s a servant of the corporatocracy, of economic hit men. One of my jobs as an economic hit man was to identify countries that had resources like oil and arrange huge loans for those countries from the World Bank and sister organizations. But the money would never go to the actual country; instead it would go to our own corporations to build infrastructure projects in that country like power plants and industrial parks; things that would benefit a few very wealthy families.

So then the people of the country would be left holding this huge debt that they couldn’t repay. We would come back and say, “well, since you can’t repay your debt, you have to restructure your loan.” That’s when the IMF comes in. So the World Bank makes the original loan and IMF shows up and says, “We’ll help you restructure your loan, but in order to do that you have to meet certain conditionalities. You have to sell your oil or whatever the coveted resource is at a cheap price, to the oil companies without restrictions.” Or they would suggest the country sell electric utilities, water and sewage, maybe even your schools and jails to private multi-national corporations. Or maybe allow military bases to be built; these sorts of things.

Daily Bell: The United Nations?

John Perkins: I think the United Nations has an important function that it should be performing. We need an organization like that in the world today. Unfortunately, the United Nations has been rendered basically impotent. The United Nations was very opposed to us going into Iraq, but the Bush administration totally ignored that and went in anyway. I think it’s very unfortunate that the United Nations has been emasculated by the United States.

Daily Bell: What do you think of the Bank for International Settlements? Is it true that it has worldwide and absolute immunity? Why does a central bank for central banks need sovereign immunity? How is that even enforceable?

John Perkins: It’s enforceable because that’s the way the laws are written in all the various countries that we inhabit. As long as the people who are running the banks and corporations also control politicians, which today they do around the world, then they get to write the laws. It’s interesting that during a lot of my lifetime in the United States, for example, our laws were written by elected officials, but today that is not the case. Today in the United States lobbyists write the laws; the elected officials are essentially owned by big corporations. That’s not true on all issues, but it’s true on the big issues that affect big corporations. We’ve reached a new geopolitical reality that we have never known before. This is a new situation. Read more…

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The Declining Dollar Chart | King World News

With gold higher and silver up almost $1.30, King World News today interviewed James Turk out of Spain.  Turk had this rather frightening warning about the dollar, “The dollar right now is hanging on the precipice.  If we break below 77 on the dollar index, look out below.  I don’t think people really appreciate how scary the dollar chart is here, or how ominous the implications really are.  There’s no predicting how far the dollar could plunge if confidence breaks.” Read more…

What Does $700 Billion Buy Taxpayers?

Elizabeth Warren

Fresh Air from WHYY, December 11, 2008 · Bankruptcy and commercial law expert Elizabeth Warren explains how taxpayer money is being spent in the financial bailout program. A professor at Harvard Law School, Warren chairs the oversight panel appointed by Congress to monitor the spending of the $700 billion bailout money. The committee issues its first report on Dec. 10.

Photo: Elizabeth Warren is the author (with her daughter Amelia Warren Tyagi) of All Your Worth. Harvard Law School

Source: NPR

I.O.U.S.A. Film Review and Resources

The critically-acclaimed documentary film I.O.U.S.A. was conceived of, co-written and executive produced by Agora Financial’s Addison Wiggin. In July 2008, the film was acquired by The Peter G. Peterson Foundation.

It was featured in a Live Premier with Warren Buffet, Pete Peterson and David Walker in 400 theatres around the nation on August 21st, 2008. If you missed the event, you can read a transcript of the national town hall meeting here.

“From September 30, 2007 to the end of this past fiscal year on September 30, 2008, total federal debt grew by $1.0 trillion, from 9,007,653,372,262.48 to $10,024,724,896,912.49, which is an 11.3% annual rate of growth. The federal debt as of October 16, 2008 is now $10,331,139,000,845.92. So in just 16 days since the end of the last fiscal year, the federal debt has grown by an astounding $331.1 billion, which is a 75.5% annual rate of growth. It has taken just 16 days to borrow one-third of what the government borrowed in all of last year.”– Daily Pfennig

Ron Paul: “We can’t afford to pay all these bills, and if we just pay for these bills by printing money, it will destroy the currency – and that will be a much, much more painful reaction than us just tightening our belts and living within our means.”

Warren Buffett: “I do think that piling up more and more and more external debt and having the rest of the world own more and more of the United States may create real political instability down the line and increase the possibility that demagogues come along and do some very foolish things.”

Resources:
56 Trillion Dollar Deficit
Agora Financial
Bureau of the Public Debt
Debt Numbers Overwhelming
I.O.U.S.A. (Film)
Life and Debt (Film)
Money as Debt (Film)
On Passage of Bailout Bill
Review at NH Film Festival
U.S. National Debt Clock

Source: Ashland Resource Center

Liberty and Taboos

TabooScreen

Sirius Media produced and packaged a film of one of my seminars in Vancouver, BC entitled The Taboo of Sovereignty, Money, Love and Power” several years ago at the Vancouver Public Library. The film is about the conversations we’re afraid to engage in as a society. The film has not been released.

In the meantime if you want a taste of some of my favorite videos visit the VodPod ICResource channel or YouTube ICResource channel and subscribe. There’s even a short clip somebody posted of the infamous Johnny Liberty speaking on freedom and sovereignty way back in 1995 at the Granada Forum.

American Liberty Dollar

Welcome to the Liberty Dollar: Remember when gas was only 25-cents a gallon? You could take a dollar down to the gas station and buy four gallons for a buck! At that time our dollar was backed by REAL money, real silver. Guess what? That same amount of silver still buys four gallons of gas! That just shows that real money like gold and silver holds its value and it is the green paper money that is now worth a lot less. As a matter of fact, when you think about it, you realize that gas, food, and almost everything else has NOT gotten more expensive. It only seems that way because the value of the green paper money is worth less and less and so it takes more and more of it to buy the same goods and services. Most people think prices have gone up, but in reality: it is the value of the US dollar that has actually gone down. Luckily, now there is a simple and profitable solution to the coming inflation – good old-fashioned, REAL money as the Founders intended. Look at these charts by the US government.

Real Money - The American Liberty Dollar
National Debt

The national debt has climbed to alarming levels since the Federal Reserve was created in 1913.
Source: U.S. Treasury, Bureau of the Public Debt

Purchasing Power

As a result, the Federal Reserve Note (US dollar) has lost 96% of its purchasing power since 1913.
Source: U.S. Dept, of Labor, Bureau of Labor Statistics, CPI

The Federal Reserve creates inflation when it issues US dollars backed by government debt. Since 1913, when the Federal Reserve was created by Congress, your money has lost 96% of its purchasing power due to inflation. The more “money” the Federal Reserve creates – the less your Federal Reserve “money” will buy.

From 1913 to 2001 the national debt grew to $6 trillion in 88 years. In the next three years it climbed to $7 trillion dollars in 2004. In just one year it climbed sharply to over $8 trillion dollars. The acceleration of the national debt is alarming. The corresponding loss of your purchasing power may also accelerate in the near future.

Now you can profit from the coming inflation with the inflation proof REAL money – the 100% gold and silver Liberty Dollar.

Hi. My name is Bernard von NotHaus. I was so concerned about what is happening to our “money” that I designed and developed the Liberty Dollar. For 25 years, I was the Mintmaster at the Royal Hawaiian Mint and have devoted my life to the study of money, why it is valuable, and how we use it to fulfill our dreams. Like you, I am paying a lot higher gas prices, but I am also making a lot more money because I am using the Liberty Dollar. Here is what G. Edward Griffin, the noted author on the Federal Reserve said:

On page 573 of “The Creature from Jekyll Island”, I wrote that before we could abandon Federal Reserve Notes, we first had to be able to convert them into real money. I said: “That means we must create an entirely new money supply which is 100% backed by precious metal; and we must do so in a reasonably short period of time.” Well you have to be careful what you recommend, because Bernard von NotHaus did exactly that. And although I initially thought there were too many obstacles, to my surprise, the more I studied the details of his plan, the more convinced I was that by Jove, it just might work! My business, The Reality Zone, is a Liberty Associate, and I urge you to get in on the ground floor and join this growing group of concerned Americans as a Liberty Associate now!

Source: NORFED