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BTC181: The US's Economic Hitman w/ John Perkins
May 8, 2024
John Perkins, author of "Confessions of an Economic Hitman," shares his insights as a former economic hitman, detailing how his manipulative actions impacted global economies. He critiques the fiat system, illustrating its role in debt creation and exploitation of developing nations. Perkins emphasizes the potential of Bitcoin and decentralized technologies to disrupt traditional economic controls. He also reflects on his personal journey and motivations for advocating systemic change, shedding light on the complexities of global finance.
52:39
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Quick takeaways
- Economic hitmen manipulate foreign policies through deceptive loans benefiting large corporations, diverting funds from essential services.
- IMF and World Bank impose conditions on loans to exploit resources and perpetuate debt cycles in developing countries.
Deep dives
John Perkins explains the role of an economic hitman and the impact of debt on developing countries
John Perkins recounts his experience as an economic hitman, discussing how his job involved arranging loans for developing countries from entities like the World Bank. He highlights the deceptive nature of these loans, where the money never truly benefited the country but rather went to large construction companies. Perkins reflects on the negative impact this had on the majority of the country's population, diverting funds from essential services to pay off debts.
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