Summary of “The New Confessions of an Economic Hit man”
- Opening Remarks
- Chapter 1 Features of Neocolonialism
- Chapter 2 Role of Intelligence Services
- Chapter 3 Recruitment by NSA and Geopolitics
- Chapter 4 False Hopes of Neocolonialism
- Chapter 5 What is Corporatocracy
- Chapter 6 Biased Economic and Financial Forecasts.
- Chapter 7 World Bank, USAID and Data Collection.
- Chapter 8 The Crusaders vs The Jihadis.
- Chapter 9 Limited Global Resources Limits Universally Increasing Growth.
- Chapter 10 Debt Slaving and American Neocolonialism.
- Chapter 11 US Occupation of Panama.
- Chapter 12 US Military and Drug, Prostitution and Booze.
- Chapter 13 Some Corporate American Coups.
- Chapter 14 Oil Embargo, World Bank and Corporatocracy.
- Chapter 15 Saudi Becomes a US Prostitute.
- Chapter 16 Depravities of House of Saud.
- Chapter 17 Paid to Make Bias Econometric Models.
- Chapter 18 US Neocolonialism in Iran.
- Chapter 19 The Islamic Revolutionaries.
- Chapter 20 The Victory of Islamic Revolution of Iran.
- Chapter 21 Bias Econometric Models and Colombia.
- Chapter 22 American Founding Fathers and Power of Corporations.
- Chapter 23 His Role in Creation of Petro-Dollar and Economic Hit Men.
- Chapter 24 Christian Evangelicals and Oil Companies.
- Chapter 25 Corporate Internal Rivalry.
- Chapter 26 Model of Neocolonial Construct and Latin America.
- Chapter 27 American Coups and Profit of Multinationals.
- Chapter 28 All Tyrant Falls: The Demise of MAIN.
- Chapter 29 The Corporate Protocols and New Age Hit Men.
- Chapter 30 US Invasion of Panama.
- Chapter 31 Corporate Slavery.
- Chapter 32 WTO Disaster.
- Chapter 33 New Globalist Order.
- Chapter 34 Death Economy.
- Chapter 35 What MSM Do Not Shows.
- Chapter 36 Corporatocracy and Oligarchy.
- Chapter 37 Corporatocracy against Fair Wage.
- Chapter 38 Banking Fraud.
- Chapter 39 Anglo-French Colonialism and Neocolonialism.
- Chapter 40 Features and Protocols of Corporatocracy.
- Chapter 41 Socialism Against Corporatocracy.
- Chapter 42 The Banking Cartel
- Chapter 43 The Corporate Style.
- Chapter 44 The Fascist State.
- Chapter 45 The New Debt Slaver: China.
- Further Reading
God has created for us resources in earth and on it for our need and facilitation towards fulfilling our existential lacking (Quran 2:29). But the devil and human ego want to control it for themselves without honoring God's demand of human welfare (Quran 63:7). Since a very long time in human history the powerful exploited these resources for themselves (materialism and ego) and for their ideological standpoints (collectivism) (Quran 34:33).
These resources from God are multi layered and some become more important than others and some loses its importance as our knowledge, desires and needs evolve. Some resources are foundations of human economic activities while some provide human economic activities an added value. In ancient times iron silver gold etc. (military industry) were crucial and now it is oil and gas (energy sector) and what comes with it (construction industry)
Any natural resource with knowledge attached to it which makes "one powerful (control) over the other" becomes essential and foundation of the economic activities whether this power and knowledge comes from achieving death and destruction through such resource and knowledge or achieving life and sustenance through such. This control or power from these resources and knowledge comes through debt slaving whether such debt be in money and resources or services and obedience and/or creation of favorable market for the oppressors which are the today’s globalists.
After reading this wonderful factual book by the great John Perkins (Figure 1) I decided to summarize the geopolitical and financial aspects for people who are unwilling to go over the entire book. This book is a book exposing that human ego and devil's exploitation and control over God given resources and knowledge. It demonstrates how neocolonialism works. Please note the chapter headings are from me reflective of the summary.
Chapter 1 Features of Neocolonialism
Explains nature of corporatocracy (neocolonialism) that it imposes massive debts on poor countries by biased financial studies and deceptions and after they being unable to pay debt overtake their resources, assets and infrastructure and distribute among the corporatists (the rich foreigners and rich locals). If they are able to pay debt however then large part of national budget goes in paying debt while the population are deprived of much needed social welfare.
Chapter 2 Role of Intelligence Services
NSA/CIA backed/employed corporate agents recruit human capital to forge contracts with foreign nations and businesses. The author was a human capital called economic hit man.
Chapter 3 Recruitment by NSA and Geopolitics
Growing up of author and how he was recruited by the NSA backed MAIN corporation.
How debt enslave nations in to obeying USA in geopolitics, managing natural resources and creating US military bases.
How the rich and the contractors get a lot of money, incentives and benefits at the expense of the native population and their well being.
Even if one person profits and grows it is statistically considered growth even if the majority of population is burdened with debt.
Chapter 4 False Hopes of Neocolonialism
Discusses about the need for electrification of Indonesia and giving false image of helping its people by saving it from Communism.
Chapter 5 What is Corporatocracy
Comes up with the term capitalist corporatocracy which is few businesses ruling the entire planet with a medieval feudal structure.
Chapter 6 Biased Economic and Financial Forecasts
Discusses about economic and financial forecasts for technological installations and infrastructure development in Indonesia.
Discusses about a disagreement with his colleague in orchestrating a fake financial and economic forecast for Indonesia.
Chapter 7 World Bank, USAID and Data Collection
Discusses about exchanges with World Bank and USAID.
Discusses about the difficulties of getting statistical info for economic forecast from Indonesian officials and locals.
Chapter 8 The Crusaders vs The Jihadis
Discusses about Indonesian Muslims' view how Christian America is indifferent to global suffering and how it is a self-centered nation, and about Toynbee's prophecy of a Christian Muslim war in 21st century.
Chapter 9 Limited Global Resources Limits Universally Increasing Growth
Questions whether every country can live like USA given limited global resources. Questions whether such luxury is worth it given the rampant social evils that haunt USA.
Discusses about corporatocracy as survival of the fittest and that corporate slavery is justified slavery as Thomas Jefferson put it.
Concludes that this slave owning corporatocracy is ancient and is the reason of human suffering, social evils such as drugs, suicide and prostitution.
Chapter 10 Debt Slaving and American Neocolonialism
Discusses about how US occupied Panama and divided it with France sharing it with the oligarchs of Panama.
Discusses how US has used the Monroe doctrine which is a doctrine of invasion at US whim.
Discusses about US training camps of fascists and death squads in Panama.
Discusses about how World Bank, US Aid and others plan to debt slave Panama.
Chapter 11 US Occupation of Panama
Discusses how Panama is a country within a country. US partly occupies Panama and is exempt from Panama laws.
Chapter 12 US Military and Drug, Prostitution and Booze
Describes how US military thrives prostitution, alcohol and drugs. How US has backed fascist countries impede the welfare economy and forces their local population to prostitution in Panama.
Chapter 13 Some Corporate American Coups
Describes how US removed Iran's Mossadegh by false flag demonstration. How US removed democratically elected Arbenz of Guatemala and installed fascist dictator.
Describes why Arbenz was removed to redistribute wealth among the population which threatened United fruit's land monopoly. United fruit was owned by George Bush company Zapata oil.
Describes how foreign aid is a sham which makes only the powerful and already rich richer while hitting hard the general mass.
Chapter 14 Oil Embargo, World Bank and Corporatocracy
Describes how the oil embargo of 1973 brought the corporatocracy to their knees.
Discusses how McNamara made world Bank an agent of global corporate empire.
Discusses how corporatists, elected officials and politicians are a team.
Chapter 15 Saudi Becomes a US Prostitute
Describes the oil embargo and its disastrous effects on western economy. How never again America will allow this to happen. How America made Saudi Arabia completely dependent on it materially and culturally. How Saudis have been westernized to sympathize with America so that another oil embargo does not happen. The author describes how Saudi Arabia was literally built from ground up by America. Describes how Saudis were reluctant to create their own human capital. By this the House of Saud became completely dependent on America
Chapter 16 Depravities of House of Saud
Discusses about the Saudi royalty's love for sex with blonde women.
Describes Saudi financing of terrorism
Chapter 17 Paid to Make Bias Econometric Models
Describes how econometric models can be made biased even by top university professors to make desirable financial forecasts
How there is a conflict between the US deep state and the US president
Chapter 18 US Neocolonialism in Iran
Discusses how US plans to debt enslave Iran through the desert project
Chapter 19 The Islamic Revolutionaries
Describes how the Islamic Revolutionaries of Iran warned him of the imminent collapse of shah. How SAVAK tortured Iranians. How the Iranian oligarchs benefitted from the corporations exploiting Iran.
Chapter 20 The Victory of Islamic Revolution of Iran
Discusses the victory of Islamic revolution of Iran. How Shah was kicked out from USA. discusses the American hostage crisis.
Chapter 21 Bias Econometric Models and Colombia
Discusses about biased economic and technological forecasting for Colombia to impose huge debt in order to realize that forecast.
Chapter 22 American Founding Fathers and Power of Corporations
Describes how America was founded on moral and philosophical standards and not materialism. How corporations can end poverty, wars, diseases. How corporations are harming the environment for the benefit of the few.
Describes how foreign aid agencies, private contractors and military are helping the corporatocracy
Chapter 23 His Role in Creation of Petro-Dollar and Economic Hit Men
Describes how he was essential in creating the Petro dollar. How he was involved in producing biased economic forecasts to trap nations in huge world Bank debt.
Describes how he created more economic hitmen.
Describes how businesses have an appearance and a reality which differ from each other.
Describes corporatocracy as a materialist corrupt system detrimental to the environment and human well-being
Chapter 24 Christian Evangelicals and Oil Companies
Describes how Christian missionary group such as SIL collaborated with US oil companies in exploiting Ecuador for Jesus Christ promotion. How disease was engineered so that SIL can provide medicine to look good to the natives. How native land deeds were exchanged with oil companies through SIL for various forms of charities
Chapter 25 Corporate Internal Rivalry
Describes how corporate internal rivalry damages MAIN and how the author comes to realize his guilt in furthering corporatocracy
Chapter 26 Model of Neocolonial Construct and Latin America
Describes how global empire is a shared bond between governments, corporations including the banking industry and the military industry. Describes the assassination of Ecuador's Roldos for refusing to give in to this global empire. Describes how after his assassination the new leader of Ecuador increased oil drilling for US and international corporations.
Chapter 27 American Coups and Profit of Multinationals
Describes how Panama's Torrijos met the same fate as Roldo of Ecuador and how multinational companies benefited from this at the expense of the local population and Amazon environment.
Describes how CIA, NSA and the economic hitmen won't stop furthering the global empire.
Chapter 28 All Tyrant Falls: The Demise of MAIN
Describes how MAIN ended its 100 years of exploitation and loot of foreign nations in humiliation and failure bringing its end. Describes how the new Enron was also following in footsteps of MAIN. Describes failure of George W Bush as an oil executive but soon after joining Harken contracts started to pour in due to his dad Bush senior.
Chapter 29 The Corporate Protocols and New Age Hit Men
Describes how the new age economic hitmen didn't need any more the backing of NSA or CIA to perform their tasks for the corporatocracy and global empire. How these new globalists were aggressively implementing the philosophies of McNamara and Friedman which were aggressive leadership, deregulation, profit at any cost without any accountability or transparency. How these globalist corporations were exploiting people's need in exchange for access to cheap resources human or not and markets but when they found cheaper they had abandoned these people without a moment’s thought destroying the hopes and aspirations these globalists had created in them.
Discusses how he was threatened by his life if he tried to expose the globalist order.
Chapter 30 US Invasion of Panama
Describes how Panama was invaded by US for defying the corporate world, military and US politicians. Panama posed no military threat but wanted the Canal treaty to be respected by US. US invaded Panama City population by the largest airborne division since ww2
Chapter 31 Corporate Slavery
Describes the corporate protocol of hiring slaves through exploiting their miserable existence. How this recruitment will affect generations to come in those poor countries.
Describes how US did not object Saudi funding of Wahhabi terrorism or Saudi human rights violations given the creation of petrodollar was benefiting US and Saudi Royalty.
Describes how Saddam despite his cruelty and tyranny was being tried to be recruited in to the corporatocracy scheme and therefore enslaving him and his country for good. If not, then Saddam would have followed the same fate as the freedom fighters of Latin America such as Torrejos, Allende, Roldos and others.
Describes Saddam and Iraq were targeted for it's oil, water of Tigris and Euphrates, strategic geography for Missiles and market for American goods and services.
Chapter 32 WTO Disaster
Discusses about the disaster of WTO and its relationship with American imperialism
Chapter 33 New Globalist Order
How Venezuela was a victim of corporatocracy through huge debt burden due to which IMF forced austerity measures until Chavez took up the resistance risking US invasion.
Discusses how corporate agents tried to infiltrate Venezuela military against Chavez and temporarily succeeded in removing Chavez and how Saddam helped Chavez come back in 2003.
Explains even if the American empire falls the corporatocracy will still survive given their strong grip on nations.
Describes how the new globalist economic hit men worked as an unit post 9/11 to implement globalist trade treaties, foreign parliaments, saving the rich from paying taxes, controlling the media and to terrify citizens through so called terror prevention laws
Describes how the corporatocracy used the fear of communism to subdue the world and now they were using Muslims and immigrants to further their globalist agenda.
Chapter 34 Death Economy
Describes global economy on shoulders of corporatocracy as that of loot, war, debt and materialism pillaging earth to the point of extinction.
Chapter 35 What MSM Do Not Shows
Describes how the CIA backed Jackals failed to assassinate the Seychelles leader and had to hijack flight 707 to escape. How the Jackals intended to assassinate Renes and give the Kenyan Army the credit for the coup as the Kenyan Army was already on standby in Nairobi.
The hijacking of Air India was made to believe that it was done by Muslim terrorist or the communists but in fact CIA was behind it all. How environmental waste was dumped in the forest and river there.
Chapter 36 Corporatocracy and Oligarchy
Describes how industries in Ecuador had made only few families rich while the Ecuador president was paying the hefty debts from national budgets to international banks.
Describes how the Honduras president fell to a CIA backed coup
Describes how vast areas of Amazon rain forest, native tribes and cultures had fallen under the exploitation of oil company for American consumerism and economic growth.
Chapter 37 Corporatocracy against Fair Wage
Describes about various CIA coups for corporate profit in Latin America. One major and important reason given is to suppress the local Latin American labors from demanding to corporations an increase in minimum wage.
Chapter 38 Banking Fraud
Exposes the fraud banking industry. How it cheats people in to debt slavery and other fraudulent transactions. An example was that of the libor scandal, a biased mathematical model to calculate metrics and bankers used it from 1992 until it was exposed in 2012 cheating countless people.
Chapter 39 Anglo-French Colonialism and Neocolonialism
Describes the cruel French and American colonialism and neocolonialism including the mass rape of Vietnamese women by the French, the US massacre at naplmed village, the US barbarism of Abu Ghraib.
Chapter 40 Features and Protocols of Corporatocracy
Describes some major features of corporatocracy: false economic and financial forecasts, deceptive accounting, distorted financial analysis, inflated projections, secrecy, deception, threat, bribe, extortion and false promises and most importantly enslavement through huge debts.
Describes that corporatocracy has become universal today unlike his earlier times in the business.
Corporatocracy is distributed among many countries: production plants in one country, call center in second, tax-sheltered banking accounts in third, headquarter in fourth giving them immense leverage. Countries must vie with each other to give these corporations the most lenient environment and social regulations, lowest wage and tax rates.
Explains that before the corporate excuse was fighting communism and now it is fighting Muslim terrorism, promoting economic growth and saving western way of life.
Explains corporatocracy is a death economy because US being 5% of world population consumes 25% of earth’s resources then how come other nations dream the American dream? Can every nation consume 25% of earth resources? Impossible and unsustainable!
Explains how Shia Sunni divisions create fear and vacuum of power opening doors of exploitation.
Chapter 41 Socialism Against Corporatocracy
Describes how socialist leader of Ecuador Correa stood up against the corporatocracy and implemented a commission to validate previous loans. How Correa refused to pay loans to world Bank and choose to default angering Wall Street, imf and world Bank
Chapter 42 The Banking Cartel
Describes the fraudulent activities of international and western banking cartels such as collusion, unfair competitive practices, fraud and conspiracy. Discusses again debt slavery by these banks
Chapter 43 The Corporate Style
Describes the people of corporate world how they use fancy names to make rich richer and poor poorer.
Describes how governments give massive tax cuts and subsidies to the corporations by legitimate bribing.
Chapter 44 The Fascist State
Describes the rise of the police state, surveillance, private mercenaries, drone war and enhanced corporatocracy
Chapter 45 The New Debt Slaver: China
Describes China as master of global debt. How China is following the American model of economic exploitation but in a less severe way than USA. How China is dependent on American corporations for manufacturing and trade.
The neocolonialism through corporatocracy is implemented through collaborative efforts of the governments, corporations and the military industries-The Sinners. It seeks to enslave nations by debt. This debt is created by selling either goods or services or both to these poor vulnerable nations. Bias economic forecasts and technological forecasts are created by corporate agents to deceive them into accepting huge debts from international banks. If it is not debt from banks, then it takes the form of obedience and trade concessions from these enslaved nations, tax cut and subsidies for the corporatocracy. If any nation seeks self-determination or independent thought CIA backed jackals or even the military are sent. This is no different than what the Europeans or China do as well. This debt enslavement only benefits the rich and powerful from both the neocolonialist nations and the victim’s nations. The general populations suffer in terms of a sustainable life, healthcare, education, morality, security and other social welfares because their nation is stuck in debt and they have become corporate slaves to be exploited as cheap human resources. Corporatocracy creates death economy as corporate nations vie for earth’s resources and rival each other to get richer and more powerful by controlling greater number of resources possible. Hence as some get richer others get poorer or do not grow. It is inversely proportional.
The real model should have been like this. The rich nations and poor nations mutually agree to help each other without forming a master-slave model and thus will retain right to self-determination. The poor nations will deserve concessions from rich nations when getting goods and services from them. The poor nations will have flexibility to repay bank debts without interest but instead mutually share the profit of the investments plus returning the value of capital investment. Like this the rich nations will uplift the poor nations to be equal with them. Everybody will live in equity and economic justice and sustainable development will be achieved. The few will not suck the blood out of many. Human rights and environment will be saved. This will be a human oriented economy and not a death economy.