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« Bernie Sanders: The Top Ten U.S. Corporate Tax Avoiders | Main | Tax Avoidance By U.S. Corporations, 1995 Vs. 2011 »
Tuesday
Jan312012

VIDEO: The Economic Hitmen - How Broken Capitalism Rules The Globe

This is an outstanding short clip.  John Perkins is author of Hood Winked and Confessions Of An Economic Hitman.

Wikipedia page - Perkins is a former Chief Economist of the war machine... 

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Perkins attended Tilton School for high school, Boston University School of Management during the 1960s. He spent the 1970s working for the Boston strategic-consulting firm Chas. T. Main, where he was employed after first being screened by the National Security Agency (NSA) and subsequently hired by Einar Greve[1], a member of the firm (and alleged NSA liaison, a claim which Greve has denied). Perkins was trained early in his career by a beautiful, older woman who was allegedly armed with the psychological profile gathered about him by the NSA after many days of pre-employment screening, as one of many "economic hit men" advancing the cause of corporate hegemony.

As a former chief economist at Chas. T. Main, Perkins says that he "was an 'economic hit man' for 10 years, helping US intelligence agencies and multinational corporations cajole and blackmail foreign leaders into serving US foreign policy and awarding lucrative contracts to US business.

After several years struggling with his conscience over the role he was playing in crippling foreign economies, he quit his consulting job. In the 1980s Perkins founded and directed a successful independent energy company. In the book Confessions of an Economic Hit Man, Perkins states that he suspects the success of his company was due to 'coincidences' orchestrated by those appreciative of his silence about the work he did as an economic hit man. He then sold the energy company in the late 1980s. Since then he has been heavily involved with non-profit organizations in Ecuador and around the world. He continues this work today, in addition to his writing. One of his organizations, Dream Change, is dedicated to shifting consciousness and promoting sustainable lifestyles for the individual and global community.

Perkins and his role as an economic hitman is the main theme in part II of the movie Zeitgeist: Addendum, released in October 2008. He also appears in Boris Malagurski's documentary film "The Weight of Chains", set for release in January 2011, and the documentary movie "Let's make money" (in German) by the Austrian director Erwin Wagenhofer, released October 2008.

http://en.wikipedia.org/wiki/John_Perkins_(author)
Jan 4, 2011 at 2:07 PM | Registered CommenterDailyBail
The Insurance Crisis You Didn't Hear About

Everyone remembers AIG, and how it was too big to fail, since its insurance propped up everything from major construction projects to risky mortgages. But the insurance industry as a whole was grossly destabilized by the banking crisis. Any risk upsets insurers, and there was plenty to go around. Including one particularly noxious little instrument: The death bet, or life settlement industry, to use the polite term.

http://agonist.org/actor_212/20110104/the_insurance_crisis_you_didnt_hear_about
Jan 4, 2011 at 2:39 PM | Registered CommenterDailyBail
http://www.boston.com/business/ticker/2011/01/macys_closes_ch.html

Macy’s is closing a total of three stores at this time, including one in Austin, Texas, and another Union City, Ga. After the closings, the company will operate 806 Macy’s stores nationwide.
Jan 4, 2011 at 2:40 PM | Registered CommenterDailyBail
Is The New Madrid Fault Earthquake Zone Coming To Life?

http://www.activistpost.com/2011/01/is-new-madrid-fault-earthquake-zone.html
Jan 4, 2011 at 2:42 PM | Registered CommenterDailyBail
Jan 4, 2011 at 4:58 PM | Unregistered Commenterjohn
excellent clip.
Jan 4, 2011 at 8:21 PM | Unregistered CommenterS. Gompers
thought you would enjoy it gomp...
Jan 4, 2011 at 9:50 PM | Registered CommenterDailyBail
There has never been a consensus on the precise definition nor on how the term ( CAPITALISM ) should be used as a historical category. Now that the elite and corporate special interests control the western governments and are proceeding with the rape of the middle class and the destruction of the international economy, It is becoming apparent that fraud, extortion, bribery, and other crimes have become part of the foundation for the capitalistic system.

For the last part of the 20th and the beginning of the 21st century, A more accurate term to describe the system would be ( CRIMINAL CAPITALISM ).
Feb 1, 2012 at 12:58 PM | Unregistered CommenterSagebrush

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