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The Extended Confessions Of An Economic Hit Man

Tyler Durden's picture


The book "Confessions of an Economic Hit Man" by John Perkins is easily one of the most engrossing pieces of non-fiction one can read to learn about the true drivers behind globalization, espionage, corporate cronyism, the emergence of such "artificial" organizations as the World Bank and the IMF, and most importantly, debt "enslavement", all as seen from an insider's view. It explains in simple words why over the past 40 years the developing world paradigm has been exploited as heavily as it has, why the BRIC concept was instrumental as a Red Herring to perpetuating the myth of endless growth, and why credit must always flow no matter what to keep the status quo in power. For those who have read the book, and for those who are on the fence about reading it, below we present the three part presentation by John Perkins at the 2006 Veterans for Peace National Convention in which he expounds on all the key ideas in his book, and does an extended Q&A covering topics not discussed previously. We urge everyone to spend at least a few minutes listening to Perkins who gives a unique and non-conflicted expert opinion on the primary force for why the the modern equivalent of enslavement is not by force, but by debt.

Part 1

Part 2

Part 3

And for the truly time-constrained we recommend the following blurb which encapsulates the key elements from the book, and Perkins' life.


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Fri, 05/20/2011 - 17:08 | 1296775 EscapeKey
EscapeKey's picture

It's an ok book, but WAAAAAYYYY too much of it is dedicated to the author struggling with his conscience.

I suppose it makes a difference that for once someone has a conscience...

Fri, 05/20/2011 - 17:18 | 1296792 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Good old Johnney.  He's acutally a good guy, he's got lots of stories to tell.  You should see him after 3 beers.

Fri, 05/20/2011 - 18:27 | 1296888 Ident 7777 economy
Ident 7777 economy's picture

Hmmm ... so far, he seems to be a) an apologist for his own conscience and b) an actual casualty of BDS ...


And who is he delivering this address to?

From an article "The Left's War Against the Military At Home"


... the movement’s forefront are the radical groups Code Pink for Peace, United for Peace and Justice, the Ruckus Society, the Campus Antiwar Network and the Society of American Law Teachers. These groups coordinate with four major pacifist organizations having long histories of anti-U.S. pro-communist activities- the Central Committee for Conscientious Objectors (CCCO), The American Friends Service Committee (AFSC), Veterans for Peace (VAP) and the War Resisters League (WRL)


Hmmm ....



Fri, 05/20/2011 - 19:21 | 1296995 Moe Howard
Moe Howard's picture

Instead of telling us what he did for the banksters, he panders to the crowd, keeps talking about democracy - [we are a Republic, not a democracy].  Since he has admitted he has done evil things, why would I trust his judgement on how government and / or business should be operated? How do we know he was honest in his book, and has made an honest turn around with his life? Maybe it's all an act, maybe somebody from the banksters said, hey, we got a book contract and some money in this pocket for you, and a gun with a bullet with your name on it in this pocket. Seems to me if you really were an insider you would not be breathing long if you spilled beans they cared about at all. His kissing up to Chavez was particularly nauseating, he sounded just like a Sean Penn clone.

Fri, 05/20/2011 - 20:22 | 1297089 Seer
Seer's picture

And.. maybe YOU don't exist.

Fuck it man, bury yuor head in the sand, it's the safer bet.

Fri, 05/20/2011 - 23:51 | 1297497 Quixotic_Not
Quixotic_Not's picture

Yes, the economic boogeyman DO exist!

As for me, I don't have progeny so I don't give a fuck anymore.

I'm about to relocate to the outskirts of a third or fourth tier metro area and buy a secured piece of property to watch the rest of you tards burn it all to the fucking ground!

I no longer give a fuck about all you mongoloid trash voting for the (D) & (R) Free Crap Empire™, I hope you enjoy the whirlwind.

Piss off and die,

Quixotic_Not  out!

Sat, 05/21/2011 - 04:45 | 1297823 Michael
Michael's picture

Comment on Part 1 of Youtube Video;

Yes, but if our government tries to pull off another 9/11 on we the people, I'm going to nuke DC and I don't care how many people who live in that area of the country die in the process. How do you like them apples?

Comment on Part 2 of Youtube Video;

Rain Forest Action Network is awesome on every other issue except on who controls the climate of our planet. It's the Sun stupid, and I am grateful they finally realized they were duped by the oligarchs for supporting man-made global warming so those greedy control freaks could achieve their one world government with a global carbon tax. CO2 is not carbon(C), it's a carbon atom combined with 2 atoms of oxygen, without it life would not exist on this planet. CO2 is plant food. See how masses of sheeple are so easily duped because most people don't study chemistry or completely comprehend my previous sentence?

Comment on Part 3 of Youtube Video;

I still think people working both sides of the divide have their own special deluded interests to promote. The people on both sides are equally misinformed, illogical, ill informed, and brainwashed by the ruling deceptive elite on the issues they argue. Their IQ is not high enough to understand the reality of the issues they argue.



Sat, 05/21/2011 - 06:42 | 1297864 Michael
Michael's picture

I uploaded a new youtube video;

Senator Rand Paul Exposes the US Senate's Dereliction of Duty

Sat, 05/21/2011 - 09:22 | 1297962 ColonelCooper
ColonelCooper's picture

Do you EVER put your comments where they belong, rather than cramming them up everyone's ass at the top of the page?

Or would you care to explain how your comments somehow relate to Quixotic's move?


Sat, 05/21/2011 - 09:47 | 1297994 Ident 7777 economy
Ident 7777 economy's picture

C'mon, the kid just wants to help, in his own, non-conforming way ...

Sat, 05/21/2011 - 10:26 | 1298058 SRV - ES339
SRV - ES339's picture

A Rand Paul follower... nuff said!

Sat, 05/21/2011 - 16:53 | 1298681 John Rotten
John Rotten's picture

"If the President were a real leader..."  HAHA!

Sat, 05/21/2011 - 23:15 | 1299500 Arthor Bearing
Arthor Bearing's picture

You're a child, and you vastly overestimate your understanding of global events. The internet isn't the world, go walk in the forest and mature a little.

Sat, 05/21/2011 - 01:18 | 1297659 Ident 7777 economy
Ident 7777 economy's picture

Hmmm ... it appears the book got 'rave reviews' -

Controversy and criticism

Some of the book's critics have questioned whether Perkins makes a significant contribution to the debate on global finance and the development of the Third World. For instance, columnist Mark Engler of In These Times, has written that "the actual content of Perkins' admissions proves distressingly thin." According to the New York Times, "the book's popularity seems driven more by the mix of cloak-and-dagger atmospherics and Mr. Perkins's Damascene conversion" than by insight into "the larger issue of America's role in emerging economies."

Columnist Sebastian Mallaby of the Washington Post reacted sharply to Perkins' book: "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller."

Sebastian Mallaby, who spent 13 years writing for the London Economist ... holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong."

For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies.


SOUNDS like a perfect guest to speak to the VFP crowd ...


Fri, 05/20/2011 - 20:29 | 1297103 Rick64
Rick64's picture

 Try reading some of his books (many available at the library). He says he made a lot of money and doesn't need the money. He was offered favors and jobs to dissuade him from writing which at first he accepted, and delayed the writing of his first book. He says that having a daughter was one of the deciding factors in writing it, he wanted to try and change things for her future. He seems sincere to me.

 I have found that he only states facts or things he has personal experience with. If you research what he is saying about how the IMF, World Bank, and many aid organizations work, you will find that his message rings true. It is disturbing how everyone is exploited, and how counterproductive it is.

 Why is Chavez so unpopular in the U.S.? Because of the way the media here portrays him. There is a lot of things he is doing to try and help his country, but he is fighting the elites in his country as well as the U.S.. Just like here the elites own many media outlets and use them to belittle Chavez, because they are the ones that will benefit from Corporatism. I am not saying he is all good, but he is trying to good things rather than pillaging his country for his own benefit. Look how the elites control the government here. If Obama really wanted to change things think about what he would be up against, and who would come out against him and why. The people that have the most to lose.

Fri, 05/20/2011 - 22:47 | 1297399 Money Squid
Money Squid's picture

AFTER he made his money he began to think about what he was doing. Now, like all other people who did the same things, he writes books and tries to rewrite history to clear his name.

Fri, 05/20/2011 - 23:08 | 1297435 Rick64
Rick64's picture

  I understand what you are saying and it is disturbing that a lot of people that profit from the destructive system grow a conscience after they have made themselves wealthy, but he doesn't just write books and lecture. I don't think he is trying to rewrite history because he tells a story in which he is as guilty as anybody and points this out regularly. He has traveled throughout S.America helping the indigenous people in these areas, is involved with many grassroots movements, ect... If you read his books you will understand, I'm not saying you will agree with everything but it is informative.  

Sat, 05/21/2011 - 00:44 | 1297611 Oh regional Indian
Oh regional Indian's picture

To see a really fantastic movie, that tells this story really well, im my opinion, is called Life and Debt.

Google it, check it out. The truth about the IMF/WB scam is laid bare for all to see. And it came out years ago. And nothing has changed. Become worse.

Point being, for all this disclosure, the trend and current is still hard down. Nothing will change that. We are gnats in the big scheme but giants in our own minds.


Sat, 05/21/2011 - 17:21 | 1298772 Rick64
Rick64's picture

Thanks, I will watch it.

Sat, 05/21/2011 - 01:24 | 1297686 Ident 7777 economy
Ident 7777 economy's picture

Why is Chavez so unpopular in the U.S.? Because of the way the media here portrays him.

- - - -  - - - -  - - - -  - - - -  - - - -  - - - -

As the media portrays him - as opposed to the way they portray Castro?

C'mon ... are you serious?

Do you not recognize a 'dictator' (emphasis on the dick) when you see one?

Just another scheme to 'get women' (brought to your room) ...


Sat, 05/21/2011 - 14:34 | 1298391 Sudden Debt
Sudden Debt's picture

Chavez is a dictator and stands for everything what we don't want in our society.

But that's our point of view.

I have no idea how the people in venezuela see him, and that's the most important.

All in all, whatever our media says about another country and society should always be taken with a grain of salt.


Sat, 05/21/2011 - 17:57 | 1298854 Rick64
Rick64's picture

  Whether you like him or not is irrelevant. He was elected by his own people. The elites staged a coup the people protested and he was released, and became president again. If you study some history you will see that where the U.S. has business interests and the leader goes against those interests then he is automatically labelled an enemy and lambasted by the media here. On the other hand if they uphold those business interests then it matters not what kind of leader he is to his people he will be supported no matter if it is counter productive to his country. The U.S. has supported many corrupt and ruthless leaders. Why if our goal is to promote democracy and freedom?

Sat, 05/21/2011 - 14:04 | 1298344 JR
JR's picture


Rick64, excellent comment. The EHM even have their apologists here on Zero Hedge to keep the door open to Keynesian economics and investment bank manipulation of the world’s resources…thus, the suspicious brandings of the book as “fiction.”

As Perkins said, “Robert McNamara’s greatest and most sinister contribution to history (as president of the World Bank) was to jockey the World Bank into becoming an agent of global empire on a scale never before witnessed.”  The book outlines the connections from McNamara to Schultz (Bechtel) to Weinberger (Bechtel) to Helms (CIA/Iran) to Cheney (Halliburton) to George H.W. Bush. Does that sound like fiction?

Today’s president of the World Bank is Goldman’s Robert Zoellick.

The unadulterated truth has support from all sectors.

“What a great honor to have Yoko Ono cite “Confessions of An Economic Hitman” in OMagazine as one of her favorite books. Very humbled.”  – John Perkins

Sat, 05/21/2011 - 18:01 | 1298869 Rick64
Rick64's picture

Thanks JR.

  I spent 33 years and four months in active military service and during that period I spent most of my time as a high class thug for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902–1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.[12]

  Major General Smedly Butler

Sun, 05/22/2011 - 18:09 | 1300593 Alasdair
Alasdair's picture

His is an excellent story that I wish more knew about.

Sun, 05/22/2011 - 18:16 | 1300594 Alasdair
Alasdair's picture


Fri, 05/20/2011 - 20:30 | 1297113 B-rock
B-rock's picture

What kind of fuck would flag the above as junk? Unreal.

Sat, 05/21/2011 - 00:57 | 1297642 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

...and when someone junks you (I don't) I LOL in real life... lol'd twice so far....

Sat, 05/21/2011 - 03:43 | 1297791 The Navigator
The Navigator's picture

A chicken ass. I may not agree with the poster, but if you disagree, have the balls to post your position instead of being a lazy ass and hitting the junk button.

Unless of course its a HamyWanker post, that ought to be boosted outta here; he's/she's an obvious troll/shit stirrer.

Fri, 05/20/2011 - 23:49 | 1297519 dogbreath
dogbreath's picture

Bank rupt

I followed the link. 

Peter Schiff is trying to claim the NIA is doing a pump and dump on Mega Precious Metals. 

Look Here.

Mega is driling the deep Red Lake gold structure made famous by Gold Corp.  A single drill hole and if you look at the link they were above the target in january.  There is no news on their website about results from this hole and they've been drilling for over a year.

Sooooooooo.    Either the hole is a dud and the someone is trying to bail out or maybe................   Red Lake has some of the richest grade ore in the world.

disclaimer.  I don't own shares  do your own home work.

Fri, 05/20/2011 - 17:23 | 1296806 in4mayshun
in4mayshun's picture

What, Bernanke has a conscience. He feels horrible when his buddies have to start selling their 17th & 18th beach homes to cover their bad investments.

Fri, 05/20/2011 - 17:32 | 1296829 Popo
Popo's picture

It is also, as many reviewers and fact-checkers noted upon it's release:  LARGELY a work of fiction.  The author gives ZERO evidence for his claims.  And those who know him personally have not been able to vouch for his claims.  Do a Google search, and you'll see loads of journalists who have called b.s. on the book.

That having been said, it's actually a great read.  I enjoyed it, and I think a lot of things probably happen 'like' they did in the book.  But his stories don't pass the sniff test on multiple levels.

Fri, 05/20/2011 - 18:01 | 1296876 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

I think you might be confusing the the unverifiability and potential embellishment of one's memoirs with outright fiction.

Journalists call BS on the book because it gets them brownie points with their corporate editors.

It would be a grave mistake to think that the US Government' and elite business' policies and practices he describes on the whole are fiction.

Any parts that don't pass one's sniff test, such as secret meetings with Iranian personae non gratae, chance meetings with Afghanis near Ground Zero after 9-11, conversations with Indonesian intellectual youth who believed in the 70s that the U.S. intended to foment a war against Muslims, or dreams of messages from black Jesuses, can be said to be "fictionalized" if you insist, but he is still describing reality on the whole, even in parts that seem to be too good to be non-fiction.

So it's not that what he writes is fiction -- just that there may be some elements of telling his memoirs with artistic embellishment for the sake of making a better read -- but the picture he paints is still quite realistic.

Selections from Chapter 15: "The Saudi Arabian Money Laundering Affair":

The Department of the Treasury brought MAIN [my company] in at an early stage to serve as an adviser. I was summoned and told that my job would be critical, and that everything I did and learned should be considered highly confidential. From my vantage point, it seemed like a clandestine operation. At the time, I was led to believe that MAIN was the lead consultant in that process; I subsequently came to realize that we were one of several consultants whose expertise was sought.


Since everything was done in greatest secrecy, I was not privy to Treasury’s discussions with the other consultants, and I therefore cannot be certain about the importance of my role in this precedent-setting deal. I do know that the arrangement established new standards for EHMs ["economic hit men"] and that it launched innovative alternatives to the traditional approaches for advancing the interests of empire. I also know that most of the scenarios that evolved from my studies were ultimately implemented, that MAIN was rewarded with one of the first major — and extremely profitable — contracts in Saudi Arabia, and that I received a large bonus that year.


My job was to develop forecasts of what might happen in Saudi Arabia if vast amounts of money were invested in its infrastructure, and to map out scenarios for spending that money. In short, I was asked to apply as much creativity as I could to justifying the infusion of hundreds of millions of dollars into the Saudi Arabian economy, under conditions that would include U.S. engineering and construction companies. I was told to do this on my own, not to rely on my staff and I was sequestered in a small conference room several floors above the one where my department was located. I was warned that my job was both a matter of national security and potentially very lucrative for MAIN.


I understood, of course, that the primary objective here was not the usual — to burden this country with debts it could never repay — but rather to find ways that would assure that a large portion of petrodollars found their way back to the United States. In the process, Saudi Arabia would be drawn in, its economy would become increasingly intertwined with and dependent upon ours, and presumably it would grow more Westernized and therefore more sympathetic and integrated with our system.




I always kept in mind the true objectives: maximizing payouts to U.S. firms and making Saudi Arabia increasingly dependent on the United States.




Sometimes a Treasury representative would join us. I asked few questions during these meetings. Mainly, I just described my work, responded to their comments, and agreed to try to do whatever was asked of me. The vice presidents and Treasury representatives were especially impressed with my ideas about the long-term service and management agreements. It prodded one of the vice presidents to coin a phrase we often used after that, referring to the kingdom as “the cow we can milk until the sun sets on our retirement.”




Under this evolving plan, Washington wanted the Saudis to guarantee to maintain oil supplies and prices at levels that could fluctuate but that would always remain acceptable to the United States and our allies. If other countries such as Iran, Iraq, Indonesia, or Venezuela threatened embargoes, Saudi Arabia, with its vast petroleum supplies, would step in to fill the gap; simply the knowledge that they might do so would, in the long run, discourage other countries from even considering an embargo [again]. In exchange for this guarantee, Washington would offer the House of Saud an amazingly attractive deal: a commitment to provide total and unequivocal U.S. political and — if necessary — military support, thereby ensuring their continued existence as the rulers of their country.

Fri, 05/20/2011 - 20:11 | 1297060 Smiddywesson
Smiddywesson's picture

Agreed.  The people who write these books are about as trustworty as most trading book writers and coaches. However, the stories aren't necessarily untrue.  In fact, they are often true, it's just that they are writing about what someone else did.  I remember a book that was written by a retired Secret Service agent, and an agent friend who knew him told me all the war stories he portrayed as his own were just stories about what other Agents had done. Same thing goes for books by retirees from other agencies I won't name who are known fabricators to their former coworkers.  Usually these books are written by some malcontent who left under a dark cloud.  They tell a bunch of war stories that are complete baloney, and then go on to detail how they were wronged by the agency, conveniently leaving out what they did.  Sure, they worked cases before they left, but it was always someone else's cases.  Good investigators don't have time to get into real trouble.  They are constantly in trouble for bureaucratic stuff, but they are usually squeeky clean on the big stuff.  It's the do nothings with time on their hands that get into trouble and write a memoir. 

The people with all the interesting experiences are misfits with no family life, failed marriages, and drinking problems.  It is very tough to be a good cop/agent/operative, because it takes time away from the rest of your life.  The best ones are crusty old bastards who don't even read, let alone take the time to write a book.  They don't remember the details of their adventures very well, because they don't take notes.

The same goes for trading books, but to a lesser extent, because trading forces you to keep notes, and those notes can naturally evolve into a potential book.  Be very careful which trading books you accept as true, this business is chock full of talkers as opposed to doers.  There's one trader who was very good in his day that gives a $7000 seminar in Florida.  He can't even explain Risk to Reward.  I kid you not. 

Sat, 05/21/2011 - 00:54 | 1297643 Ident 7777 economy
Ident 7777 economy's picture

The Department of the Treasury brought MAIN [my company] in at an early stage to serve as an adviser. I was ... told that my job would be critical, and that everything I did and learned should be considered highly confidential. From my vantage point, it seemed like a clandestine operation. ... led to believe that MAIN was the lead consultant in that process; I subsequently came to realize that we were one of several consultants whose expertise was sought.

- - -  - - -  - - -  - - -  - - -  - - -  - - -  - - -  - - -

  I would not be surprised to learn this operation's name was SIDESHOW as opposed to MAINEVENT ... where all of these are in actuality just CIRCUS EVENTS ...





Sat, 05/21/2011 - 02:29 | 1297747 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Shut you, you moron.

Read harder next time, think a little more critically, then form an opinion, and then type.

Sat, 05/21/2011 - 09:49 | 1297979 Ident 7777 economy
Ident 7777 economy's picture

Yawn ...


See here for a refutation by somebody with more cred then either of us:


For you only, doll, the Cliff's Notes version:

But his account of international finance is itself largely a dream.

Even if you believe the stories of seducers and assassins, which other journalists have questioned, Perkins's basic contentions are flat wrong.

Sure, developing countries (like rich countries) borrow too much sometimes. But the poor don't always lose. Nor are corporations all-powerful.



Fri, 05/20/2011 - 20:39 | 1297128 Rick64
Rick64's picture

 Did they fact check the stories that explain how corporatism works in collusion with the IMF, World Bank, USAID, ect...? He isn't the first to point this out, and there have been many after him. I have checked and found them to be verifiable.

Sat, 05/21/2011 - 09:18 | 1297901 Bob
Bob's picture

Sounds like conspiracy theory to me!  /sarc

Damn, reading all these charges of "conspiracy theory" here at ZH is a real gas this morning. 

LOL. At ZH . . . LOfuckingL!

Sat, 05/21/2011 - 11:06 | 1298115 Rick64
Rick64's picture

Its not a conspiracy, its just the way the system works.

Sat, 05/21/2011 - 13:28 | 1298306 Bob
Bob's picture

Agreed. And here I thought everybody knew it. 

Sun, 05/22/2011 - 08:23 | 1299811 Kidrobot
Kidrobot's picture


Really ZH?

Fri, 05/20/2011 - 19:18 | 1296989 Silver Shield
Silver Shield's picture

Here is a great 3 minute intro of everything you need to know about the book...

Fri, 05/20/2011 - 20:31 | 1297115 Guy Fawkes Mulder
Guy Fawkes Mulder's picture


Fri, 05/20/2011 - 23:38 | 1297495 dark pools of soros
dark pools of soros's picture

terrorists or coca cola??!?!?    we choose COKE!!!

Sat, 05/21/2011 - 01:10 | 1297664 DaveyJones
DaveyJones's picture

good stuff, thanks

Sat, 05/21/2011 - 09:16 | 1297956 YHC-FTSE
YHC-FTSE's picture


Sat, 05/21/2011 - 13:18 | 1298230 falak pema
falak pema's picture

Perfect summary and hats off to Perkins. I have already endorsed from my personal experience in the oil industry the theme that Perkins defends in part 1.

Many, many times. All of us who have held corporate positions in oil service companies working in Asia/Africa and Europe know how the deals were done. 

Sat, 05/21/2011 - 17:21 | 1298770 John Rotten
John Rotten's picture

Appreciate it.

Fri, 05/20/2011 - 20:46 | 1297146 trentusa
trentusa's picture

This guy is a complete wackjob. What's wrong w/ u people? My man Ron Raul would never let somebody get away w/ this w/o a hearing. Who's idea of a joke is this? But seriously I just heard Obama proposed moving Israel to Kansas, and lookiehere's a real neat leaked helmetcam of Osama getting clubbed to death by Seals

Fri, 05/20/2011 - 21:36 | 1297253 GoinFawr
GoinFawr's picture

Really EK? I disagree... Find me more than two paragraphs past the introduction where JP 'bemoans his conscience', rather than simply laying out the methods of operation, and ways to guard against them.

It was a great book, not just 'ok', IMO.

Sat, 05/21/2011 - 03:51 | 1297794 EscapeKey
EscapeKey's picture

You want me to quote the filler material, and not the focal points?

That's a new one!

Mon, 05/23/2011 - 12:50 | 1302221 GoinFawr
GoinFawr's picture

I'll take that as a 'no, I can't find the two paragraphs GF asked for to back up my claim.'

Fri, 05/20/2011 - 22:45 | 1297389 Money Squid
Money Squid's picture

He only found his conscience AFTER he made his money, banged the women and traveled tthe world in style.

Sat, 05/21/2011 - 12:55 | 1298265 GoinFawr
GoinFawr's picture

I`m not excusing his behavior before he grew a conscience, but you have to admit it`s pretty tough to tell a story from an inside perspective if you are outside.

Sat, 05/21/2011 - 14:00 | 1298339 Tail Dogging The Wag
Tail Dogging The Wag's picture

John Perkins is not Shakespeare, but he defines our modern Dante Alighieri's Inferno. I very much liked the book and highly recommend it. Democracy For Sale, more like robbery and slavery mislabeled with a fancy Greek name.



Do you own farmland and real estate outside of your home country?

In times of change you need new alternatives and new ideas.

Land in Panama is one of the most undervalued assets in 2011.



In the event of a sale of land from any of the Thorsson Capital properties to any Zero Hedge reader,

the vendor (Thorsson Capital) hereby warrants a donation of 1% of the total sale to Zero Hedge, said donation

is to be made within 30 working days of settlement.


Fri, 05/20/2011 - 17:19 | 1296798 gwar5
gwar5's picture

Yes, the book is a real eye opener. The sovereigns of the West are now targeted for overt debt enslavement, as if they never were. Story about the president of Panama being thrown out of a plane is classic.

Apart from hiding the good stuff from their people, the Soviets and China apparently had good reason to close off their societies from interaction with the West and the WB and IMF.

Sat, 05/21/2011 - 14:15 | 1298360 Kayman
Kayman's picture

Lending money to countries that can't repay it, has worked so well, that we are trying it here in the Good Old USA.

So when is the team coming to rebuild our factories, our real infastructure, instead of funding welfare to the very poor and the very rich ?

Oh, right.  Micky D's is expanding their hamburger factories and Printer Ben has told China to F..k Off.

Fri, 05/20/2011 - 17:19 | 1296800 IdioTsincracY
IdioTsincracY's picture

There is no debt enslavement ... nor speculation .... nor casino-style investment ... nor wealth transfer to the top ....

the real problem is that we have not reached the critical mass at the top to start that trickle-down economy we have been told to expect ...

we just need a little more money at the top ... just a little more ... then you'll see!

Fri, 05/20/2011 - 17:29 | 1296819 Ying-Yang
Ying-Yang's picture

Hamy.. Hamy... is that you Hamy?

Fri, 05/20/2011 - 17:56 | 1296868 Hedgetard55
Hedgetard55's picture

Great news for bears. I just checked Google Finance and they have the DOW off 100% for the day, closing at 000.00


Pretty funny. Wonder if it has to do with the Rapture tomorrow?

Fri, 05/20/2011 - 19:52 | 1297025 DeadFred
DeadFred's picture

The DOW was taken early.

Fri, 05/20/2011 - 20:18 | 1297074 bigdumbnugly
bigdumbnugly's picture


whoodathunkit?  the dow was on the up and up after all...

i see the silver and gold markets were left behind to endure the coming tumoult though. 

i thought maybe they had had enough...

Fri, 05/20/2011 - 18:57 | 1296948 mfoste1
mfoste1's picture

go fuck urself asshole

no debt inslavement? tell that to college graduates with masters degrees that cant get jobs.

Fri, 05/20/2011 - 19:10 | 1296977 oddjob
oddjob's picture

Masters degree, thanks for the larf.

Fri, 05/20/2011 - 19:26 | 1296998 IdioTsincracY
IdioTsincracY's picture

Sarcasm, dude ... sarcasm!!

Fri, 05/20/2011 - 20:39 | 1297136 Rick64
Rick64's picture

Thought it was obvious.

Sat, 05/21/2011 - 14:41 | 1298396 Sudden Debt
Sudden Debt's picture

and yet, it's still hard to find a descend pool boy that also does the lawn...

For me it's clear they don't really want to work to be honest. They expect to much from their first job.


Sat, 05/21/2011 - 17:28 | 1298782 John Rotten
John Rotten's picture

Don't you know that piece of paper entitles them to a cush job?

Fri, 05/20/2011 - 17:19 | 1296801 infotechsailor
infotechsailor's picture

one of my favorite books of all time... excellent insider view of IMF and geopolitics  with the powers that be.


unfortunately, all this evil has caused him to seek meaning and to 'make right', causing him to join a buddhist cult and propose wildly socialist alternatives to the crony capitalism he helped perpetuate.

Fri, 05/20/2011 - 17:42 | 1296842 Stormdancer
Stormdancer's picture

The book is a must read.  It peers into a world most Americans cannot imagine. The man is a pathetic excuse for a human being.  If he'd wanted to make it right he'd have named names and come forward before most of the significant players of his day were dead.

As it is, he's sitting back enjoying a fat retirement earned by all that murderous activity and playing the oh so sorry role all the way to the bank and fat speaking circuit gig.

He's still his former master's lap dog, revealing just enough about the past that he's oh so sorry for to now present himself as one with the "answers" to make it all right.

Look at those "answers" and you'll see nothing more or less than another shill for globalist wet dreams.

Read the book....but with very open eyes.

Edit:  A good question hold in mind as you read is "Why is this man still alive?"

Fri, 05/20/2011 - 20:18 | 1297082 Smiddywesson
Smiddywesson's picture

Why is he still alive?  Maybe because he took a conspiracy that is obviously true, like the Fed's involvement with the markets, and spun a tale with himself as a central character.  [maybe not, just go with me here]

The more I read here, the more I am remined of that liar thief that founded that non profit after stumbling down from the top of Mt. Everest and being "saved" by the innocent villagers (insert people who desperately need money here).  It has been a multi million dollar business for him.  He gives speeches, collects donations, and no money goes to the villagers.  Meanwhile, everyone on the expedition says the story is baloney, he was right there with them when they walked down.  He made it all up.

Maybe he did all this stuff and maybe he didn't, but he has certainly cashed in and that makes me suspicious.  Not because the book was popular, but because of the speech tour.  All the phonies parlay it into a $20k per speech gig.

Fri, 05/20/2011 - 20:36 | 1297121 Stormdancer
Stormdancer's picture

Personally, I'm convinced that the world he "exposes" is real enough, though his supposed role in it is certainly questionable.  He's still working for the same people.  The money men will make sure "corrupt government"  or even high level minions in the banking industry get the blame for what is coming. 

The core constituency will remain mostly hidden and ready to implement the next monetary gravy train.  They're psychopaths just like the volunteer  arsonist firefighter who sets fires so he can ride in as the saviour/hero.  But on a much, much grander scale.

When the time is right, fear, pain, suffering and lack have "tenderized" the masses, they'll ride in with the answer to the mess they created.

Hide and watch.  If enough wake up to reality we might be able to drive them back for a generation or two.  If not, they'll be welcomed as heros and the chains will get locked on more firmly than ever.

Fri, 05/20/2011 - 20:52 | 1297147 Rick64
Rick64's picture

 Perkins being the central figure in a twisted system that he is exposing doesn't really paint him as a hero. If he wanted to appear as a hero then he wouldn't expose all his failings. Even after he retired from the game he was dissuaded by the same people not to write it in exchange for favors and lucrative positions in companies (consultant and had to do very little work) all of which he exposes in his books.

Fri, 05/20/2011 - 21:32 | 1297260 Stormdancer
Stormdancer's picture

I didn't say Perkins was the "hero".  He's the blame diverter.  The "heros" come later after pain and suffering have done their work.

Do you really believe he has exposed all of his failings?  This bunch of crocodile tears has named no names, nobody has gone or will go to jail as a result of his expose'.  Nothing he has  said will really threaten the power behind it all, which is the power to print money out of thin air and charge the world interest on it.  It is good that more people are being exposed to the truth of global US dollar hegemony and the empire it supports.

But that is now irrelevant to the globalist plans.  The FED will be sacrificed.  Major banks that probably believe the "too big to fail" lie will be sacrificed.  The globalists don't NEED those anymore.  Their intent is to move the fiat money creation game to a global level where they can pursue the same ends without all the inconvenience of myriads of national governments and their maze of laws and regulations.

The next system will not be beholden to anyone but them because it will exist above all national influences.  It will be much easier when they only have to capture and control one government, and one set of regulators.

They are willing to sacrifice every institution that now exists to achieve that goal. They already have their replacements blueprinted and ready to launch.

Sat, 05/21/2011 - 00:40 | 1297466 Rick64
Rick64's picture

 I was replying to Smiddy.

Do you really believe he has exposed all of his failings? This bunch of crocodile tears has named no names, nobody has gone or will go to jail as a result of his expose'.

 Was that his intent to expose all his failing or is it even relevant? Was it his intention to bring prosecution of these people? I think his intention was to inform people about what was and is going on as he saw it.

Their intent is to move the fiat money creation game to a global level

 Where do we start or is it just too big? I think if we can weaken any link in this chain then we have a chance, and I believe what he says is a start.

Sat, 05/21/2011 - 03:42 | 1297790 Stormdancer
Stormdancer's picture

I think it's important to inform as many people as will listen.  It's not too big, but it is too big for any one person.  It's going to take a group (a fairly big one) of informed people willing to take some risks and experience some sacrifices.

Perkins book is part of the education.  It exposes a corrupt corporate/banking oligarchy willing to steal, kill and destroy for profit.  My objection is that Perkins didn't name names or do anything to cripple the system he worked within.  His mea culpa has exposed nothing that will bring any of these sociopaths to account.

He is now an apologist for the very things the globalists want most.  Read the contains information many are unaware of.  But be aware he is deflecting blame from the root causes and laying the ideological foundation for the next phase.

Sat, 05/21/2011 - 10:25 | 1298046 Ident 7777 economy
Ident 7777 economy's picture

Perkins book is part of the education. 

-  - - -  - - -  - - -  - - -  - - -  - - -  - - -

De-education, if anything ... more mind-numbing conspiracy crap (MNCCtm) from the Alex Jones chromosome wing of the human population.

We're suffering already the debilitating effects of publik edukation now as it is ...


Sat, 05/21/2011 - 15:14 | 1298449 Irwin Fletcher
Irwin Fletcher's picture

If publik education is debilitating (I know I've never recovered), then de-education should be a good thing. I also wish he would've named names. By failing to do so, he may have endeared himself to various assassins and their employers.

Sat, 05/21/2011 - 09:14 | 1297952 Tenma13
Tenma13's picture


 I agree. If he had the position that he claims he did, the 'Jackels' should have silenced him a while ago. Which brings me to a bit of a dilemma; while everything he says seems plausible, why is it allowed?

I suppose it could be like Michel Rupert; who's pretty much nailed everything regarding the past and present economic conditions, CIA drug running in LA, to name a few of things, and he's totally ignored/ labeled  a nutcase. 

Fri, 05/20/2011 - 17:57 | 1296871 random shots
random shots's picture

So which is one is worse? The capitalist in their top hats or the Party and Big Brother?

As we battle the capitalist we allow ourselves to be brainwashed by Big Brother...

Fri, 05/20/2011 - 18:16 | 1296900 Stormdancer
Stormdancer's picture

They are not capitalists.  They are fascist thieves that make money by co-opting and perverting government.  Their money gets laws written so that their thievery is legal and if they can't get that far, their money makes sure that infractions are never "noticed".

Far, far from free market capitalists.

Fri, 05/20/2011 - 18:22 | 1296906 downwiththebanks
downwiththebanks's picture

Market capitalists are unicorns.

The book details the machinations of Capital in its truest form.  Any effort to divorce Perkins's story from Capitalism is pure sophistry.

Perkins details precisely what Smedley Butler talked about:  "I was a gangster for Capitalism."

Nothing more, nothing less. 

Fri, 05/20/2011 - 18:31 | 1296913 Stormdancer
Stormdancer's picture

We can cross swords over definitions all day long, but capital in an unholy alliance with government ceases to represent capitalism in my view.

Without sound money capital will have the opportunity to work itself into the position we now see it. 

With sound money, capital would flow to where it is most efficiently productive.

Debt based fiat currency is the problem, not capitalism.

Edit:  The real root of the problem is evil human nature.  Without that nobody would seek to live a life of ease at the expense of wealth producers.  The desire to steal what is another man's property is the sole reason debt based fiat currencies were conceived.

Fri, 05/20/2011 - 18:54 | 1296941 calltoaccount
calltoaccount's picture

where there is no law-- or no enforcement of the law-- thieves win

Fri, 05/20/2011 - 20:09 | 1297055 Stormdancer
Stormdancer's picture

Precisely.  The rule of law enforced on all men equally is the greatest bulwark against that evil human nature that men can devise.

Unfortunately, that has been lost and must be regained if we're to see a brighter future.

Fri, 05/20/2011 - 19:11 | 1296971 chubbar
chubbar's picture

What we have and have had for decades is NOT capitalism. A free people can actually implement this so called "capitalism" as long as gov't stays the fuck out of it other than restricting monopolies, etc. I hesitate to even preface my comments with this statement because I know that some idiot will focus on this part instead of the next part.

Perkins doesn't "get it". Corporatism is a front for the bankers. They have bought controlling positions (through stock purchases from straw corps or investment funds) on the BOD's of every important corporation and used this position to buy off every politician necessary to implement their agenda. There used to be a web site that you could type into either a persons name or company and it would link to every corp that person sat on the BOD. It is VERY incestuous.

If one has the ability to print money and not be audited, what do you do with that power? You exercise it via purchasing power to control politicians, but you need a cutout. Corporations are that cutout. These bankers don't care whether XYZ widget is expanding market share or whether they should build a new plant in Japan or Singapore. They care about power and using the access that a big corporation has to politicians.

XYZ corporation isn't involved in whether Sadam Hussein stays in power for christs sake. That's a geopolitical calculation, can't you guys see that? That is for gov'ts and cabals to be interested in. This whole argument by Perkins misses the point of who is driving the ship. It isn't the corporations, who by the way need to be neutered. It is the banking cabal who has used their ability to print money to buy controlling assets in corporations that have the ability to influence politicians.

Fri, 05/20/2011 - 19:32 | 1297003 Moe Howard
Moe Howard's picture


Fri, 05/20/2011 - 20:11 | 1297063 Stormdancer
Stormdancer's picture

Go Chubbar! :)

The only thing I disagreed with is your assertion that Perkins doesn't get it.  He gets it perfectly well.  His job now is to gain credibility with strenuous mea culpas and then use that credibility to deflect blame from the root cause. 

Fri, 05/20/2011 - 20:37 | 1297133 samsara
samsara's picture

The corporations are just the Glove.  The hand is never noticed.    Rockefellers,  Rothchilds et al.

Kill this Corporation, the roaches move just become board of directors on a different corp.

(truth is most are already members on Multiple boards concurrently,  Makes it easier to leave one glove to another one)

Where are all the head people after Bear,  Lehmans?

Sat, 05/21/2011 - 09:21 | 1297959 Tenma13
Tenma13's picture

anyone thing esle thing this is funny :P WB7s cousin perhaps?

Fri, 05/20/2011 - 20:59 | 1297184 Rick64
Rick64's picture

 I do agree with this. He doesn't go all the way to the root of the problem, but he does see the IMF and World Bank's policies are destructive.

Sat, 05/21/2011 - 14:35 | 1298393 downwiththebanks
downwiththebanks's picture

Capitalism could never work without government there to force it down peoples' throats.  Nobody would sell themselves to another by choice.

Sat, 05/21/2011 - 14:42 | 1298401 Sudden Debt
Sudden Debt's picture

Yes, our society is based on the thinking that somebody else will clean up our mess. IT'S THEIR JOB TO DO SO! Says the one who should be doing it right now...


Fri, 05/20/2011 - 19:22 | 1296996 Dapper Dan
Dapper Dan's picture

You are correct sir, the question is who controls the volume of money?

hypothetically speaking,  if you had an island  inhabited with only a doctor, a farmer,  a mechanic, a teacher, a engineer,  a carpenter, and a banker, who could die and not be missed?

I did not include an attorney for obvious reasons.


Sat, 05/21/2011 - 11:30 | 1298146 downwiththebanks
downwiththebanks's picture

Given that Capitalism was BORN with government involvement, pillaged the world with government involvement, employed government involvement to enforce 'free trade' doctrine, which government militaries journeyed abroad to protect at fantastic expense shows that what you're obliquely defending is another brand of Tooth Fairy.

Eventually this government involvement put nation against nation, which resulted in 30 million dead on the battlefields, and millions more destroyed by an engineered depression - all of which enriched the Capitalists enormously.

"Thanks, government involvement!" the Capitalists say.

Then, with the government involvement that created a public domain from which Capitalists could pillage for decades in their pursuit of death and profit.

Capitalism REQUIRES government involvment.  Nobody INSTINCTIVELY wants to rape their grandmother or pollute the rivers, but a lot - too damn many - will do so if they're PAID.

That's Capitalism, baby:  Benjamins Uber Alles!  

And Capitalists are real, no matter how much you don't want to believe that this pathetic product - that of landfill builders.  

Sat, 05/21/2011 - 15:17 | 1298454 falak pema
falak pema's picture

without the state we are back to feudalism of the medieval ages.

Sat, 05/21/2011 - 15:30 | 1298486 Kayman
Kayman's picture

without the state we are back to feudalism of the medieval ages

falak     I don't want to be quibbling, but are you suggesting we aren't already back to the feudal system ?

The Church of Rome controlled the main economic assets of the Medieval ages- the best agricultural land.

And today, all major markets are controlled by few (often only one, or else a closed cartel).

Try opening up a bank in New York, or starting your own oil company and see how soon they have you on the rack.

Sat, 05/21/2011 - 15:45 | 1298522 JR
JR's picture

Likewise, Kayman, the truth of your statement was demonstrated here on the California coast. My friend, one of the principals of a proposed bank, told me the story.  The building was procured and renovated after extensive preparation in an expensive resort location, and the principals all checked out with the capital in hand. But the need for just 12 hours more for the last of the financing to come in was enough for the Powers to get the one vote needed to eliminate the entire project;  one of the saddest days in the life of my friend.

Fri, 05/20/2011 - 19:07 | 1296962 tired1
tired1's picture

I don't know his entire time-line but seems like he's gone from one extreme to the other and has yet to find his personal center.

Fri, 05/20/2011 - 17:26 | 1296810 TheMadNumismatist
TheMadNumismatist's picture

Definitely a good read, and really makes sense of the subprime. Basically the hutment were rumbled by the 3rd world and started screwing their home countries.



Another good documentary is War by Other Means. Having lived in the PI for 10 years, I know all these locations, and even today the Bataan nuclear power station is kept spotless and I guess still costing the peasants millions

Fri, 05/20/2011 - 17:32 | 1296828 Spalding_Smailes
Spalding_Smailes's picture

Try " Den of Thieves " & " The Exchange Artist " also ...

Fri, 05/20/2011 - 17:24 | 1296812 TheMadNumismatist
TheMadNumismatist's picture

I will have to stop pasting from word, my bad.

Fri, 05/20/2011 - 17:27 | 1296813 Big Ben
Big Ben's picture

A very sad story of nations enticed into going deeply into debt in order to pay for lots of useless infrastructure projects. Seems somewhat familiar though... Wasn't there some "economic hit man" in the US who was recently advocating the same thing?

Fri, 05/20/2011 - 17:32 | 1296830 hardcleareye
hardcleareye's picture

LMAF...  Oh, that was very good! 

Hadn't thought of "it" (build america bonds etc) from that prospective!!!


Fri, 05/20/2011 - 18:26 | 1296907 illyia
illyia's picture

I had quietly called them BilderBunds...

Fri, 05/20/2011 - 17:29 | 1296818 Screwball
Screwball's picture

I've read it, and liked it.  The problem is, most people in this country wouldn't believe it anyway.

Just like when you try to explain the Fed, debt slavery, and fiat currency they think your nuts.  After trying to explain that so many times I can't count, and being poo poo'ed as a loon on almost every occasion, it just doen't seem worth the trouble anymore.

I'm about to the point of saying fuck it, the dumb bastards deserve what they get.


Fri, 05/20/2011 - 17:53 | 1296863 Mec-sick-o
Mec-sick-o's picture

Been there.  No need to convince anyone now.  Time will convince them then.

Fri, 05/20/2011 - 20:02 | 1297040 DeadFred
DeadFred's picture

True, true, but who do you think will be next to get voted off of Dancing With the Stars"?

Fri, 05/20/2011 - 21:01 | 1297187 Rick64
Rick64's picture


Sat, 05/21/2011 - 09:33 | 1297976 Tenma13
Tenma13's picture

LOL, really funny.

I have tried as the OP has to get a friendly conversation going (ranting doesn't work,lots of folks looking at the floor etc :P )and its always seen as something completely out of our hands, something that we have zero power over, so best NOT discussed !!!?!?@?@ It is ALWAYS followed by conversations we are permitted to have, about such as dancing with fucking stars etc.


 Say what you want about the buffoons in government, but those manufacturing concent have done a an incredible job. Top marks. 


Fri, 05/20/2011 - 18:32 | 1296909 Franken_Stein
Franken_Stein's picture

You have to explain it in simpler terms.


Tell it like this:


1. Ben Bernanke is the head of the Federal Reserve, which is the central bank of the United States.

2. Contrary to public belief, the Federal Reserve is not a Federal Institution, but owned by private bankers

3. Ben can print as much money as he wants to and give it arbitrarily to himself and his friends on Wallstreet and no one can stop him, because there's no oversight, no audit, no control from Congress

4. So what Ben is doing is nothing but theft, and he's stealing trillions of dollars

5. So Ben is nothing but a dirty rotten criminal

6. He's stealing from every American, because the price of everything rises as a result. Your taxes rise. Gas prices. Food.


In a way like that.


Fri, 05/20/2011 - 20:14 | 1297071 DeadFred
DeadFred's picture

True, true, but who do you think will be next to get voted off of Dancing With the Stars"?


Do you really think they'll get it? I'm losing hope that they haven't been dumbed down so much that even in simple monosylables they can get it. If the powers that be are still able to put on Dancing with the Stars or its like most of them won't care. They won't think they can do anything about it so denial/avoidance will divert them back to Dancing With the Stars. I've had this conversation with some people before. After presenting the case in simple terms the face shows concern then a glassy look then I hear "Did you hear about Britney Spears?". I am not joking.

Sat, 05/21/2011 - 09:39 | 1297986 Tenma13
Tenma13's picture

This all day!!! All fucking day!!  I've come to a sad conclusion, its going to have to get far worse before it gets better. here is also the possibility that this blind faith in authority could be used to form a sort of neo-facisist  government. The kids at University are ridiculous passive- there was more support against teacher unions then there was for, not fucking good. This is a 'good' school though...............

Tue, 05/31/2011 - 05:30 | 1324684 BloodPigOnFeces
BloodPigOnFeces's picture

lowest number most frustrating, in order:

3) those who get glassy eyed like you are spouting gibberish

2) ones who get extremely angry and sarcastic, they say pat crap like "tin foil hat." in short know-it-alls that know nothing

1) the ones who understand but are 100% apathetic and cannot do anything different to save even themselves

Fri, 05/20/2011 - 20:42 | 1297143 chubbar
chubbar's picture

What you say, Franken_stein is true, no doubt. But the full story is much more interesting and perverse.

The FED was set up by the families that controlled Europe (Rothschild, Lazards, Duponts, etc). Through the ability to control not only the monetary policy of the world/U.S. but also by purchasing the controlling rights to the Board of Directors of key corporations, the cabal was able to influence every decision put in front of our/U.S. congress.

The main takeaway from this discussion is that the "Cabal" controls our politicians and judiciary.

It is near impossible to have them uphold the so called "rule of law" since they have been co-opted.

It will literally take physical force to disperse them out of our judicial and political realm. I personally don't think this will happen. At best we will "call out" a couple of the most egregious examples and be satisfied with that result.

Sat, 05/21/2011 - 15:32 | 1298496 falak pema
falak pema's picture

It is interesting to note that Franken Stein is an ex-East German and grew up in that statist environment. He is now seeing the other side of the coin...Mr Reagan's sons who destroyed his ex-country now destroy their own...poetic justice about those who spouted 'evil empire' and NWO and finish like the House of Atreus after having captured Troy!

Fri, 05/20/2011 - 23:22 | 1297474 CompassionateFascist
CompassionateFascist's picture

Actually, Chopper Ben is an Employee of the Fed, responsible to those who own it: 666Rothschild666.

Sat, 05/21/2011 - 14:25 | 1298377 Kayman
Kayman's picture

Try this experiment:

1. Move the Federal Reserve to any island in the world.

2. Remove the implicit backing of the United States taxpayer.

3. Print a new currency (the red dollar) backed only by real assets of the United States.

Watch Ben and his puppeteers disappear  as fast as a fart in a wind storm.

Fri, 05/20/2011 - 20:25 | 1297098 samsara
samsara's picture

Or tell them how money is created.

The US needs money,  The Treasury prints a bond for $100 bucks.  The Fed Prints a $100 bucks and gives to the Treasury for the Bond.  

Now comes the magic.

The Fed charges 5%(say) on the money borrowed.

The Treasury owes $105 dollars.

Problem.  The is ONLY $100 in existence.

The Treasury has to borrow more for a future debt, to pay the $105 Dollars.

That's why mathematically inflation is built in and neccesary.

With Out inflation, the whole thing deflates like a souffle with the heat removed.

Sat, 05/21/2011 - 14:30 | 1298382 Madcow
Madcow's picture

there's a great kids book called One Grain of Rice that should inoculate young minds against being tricked into believing in perpetual motion machines -


Sat, 05/21/2011 - 15:47 | 1298524 Kayman
Kayman's picture


Seems like a great math book on compoundingBut to adapt it to the world of banking it would go like this.

1. Pretend that I (the bank) have $1.

2. I will make up $100 (on a computer screen) from that pretend $1.

3. Then I will lend the $100 to to you at 5%.

4. Then you repay me $5 every year forever, from your rice farm  which I now hold for security. 

Fri, 05/20/2011 - 17:30 | 1296821 hardcleareye
hardcleareye's picture

I concur, one of my all time favorite books.  Tracks much of what I have seen in the power generating industry.

Fri, 05/20/2011 - 17:33 | 1296825 Bill D. Cat
Bill D. Cat's picture

Will Farrell crossed with W ?

Fri, 05/20/2011 - 18:02 | 1296873 viahj
viahj's picture

i was thinking Harrison Ford and Richard Gere

Fri, 05/20/2011 - 22:04 | 1297307 Island_Dweller
Island_Dweller's picture

Totally Trapper John McIntyre

Fri, 05/20/2011 - 17:32 | 1296833 flacorps
flacorps's picture

For individuals, the red pill is entitled "Debt Hope: Down and Dirty Survival Strategies"

Fri, 05/20/2011 - 17:34 | 1296837 weenus
weenus's picture

Perkins has also written about aboriginal shape shifting in SPIRIT OF THE SCHUAR.  He says he himself has turned into a jaguar a few times.  I'm not kidding.



Fri, 05/20/2011 - 21:04 | 1297197 Rick64
Rick64's picture

 That must have been some good shit. 

Fri, 05/20/2011 - 21:04 | 1297198 Smiddywesson
Smiddywesson's picture

So what does that tell us class, hmmm?

We are simians.  We can't help ourselves.  Perkins comes up with a good story that is based on fact, embellishes it, romantacizes his role in events, and gets everyone to believe in his devinity.

Next, he is shape shifting into a jaguar.  

Hey, did anyone hear that the world is going to end tomorrow?

Does any of this crap sound familiar?  We are biologically programed to believe in leaders, even crazy killers.

I have this thing about charismatic people.  I hate them.  I don't know why, but it has something to do with authority figures, xenopobia, and paranoia.  It has saved me a lot of money in my life.  I don't have any friends with pearly teeth, who are smooth talkers, or who tell stories of how they were so (insert truely impressive experience or sacrafice here).  Remember all the slick and popular people from high school?  How did they turn out?  Appearances are deceiving.

Fri, 05/20/2011 - 17:35 | 1296838 lunaticfringe
lunaticfringe's picture

Intuitively, I knew this was all true. It won't matter as of tomorrow. Are you rapture ready?

Sat, 05/21/2011 - 02:50 | 1297627 Yen Cross
Yen Cross's picture

Ex- cellent tune. Thanks. Radar Love!

Fri, 05/20/2011 - 17:40 | 1296841 High Plains Drifter
High Plains Drifter's picture


Fri, 05/20/2011 - 17:51 | 1296860 Volaille de Bresse
Volaille de Bresse's picture

"Perkins has also written about aboriginal shape shifting in SPIRIT OF THE SCHUAR.  He says he himself has turned into a jaguar a few times"


Take that drug named ayahuasca and it'l happen to you too...

Fri, 05/20/2011 - 17:58 | 1296866 Mec-sick-o
Mec-sick-o's picture

Can I be an eagle?

Sat, 05/21/2011 - 01:56 | 1297712 Rusty Shorts
Rusty Shorts's picture

 - if you are really an Eagle, yes.

Sat, 05/21/2011 - 01:58 | 1297725 Yen Cross
Yen Cross's picture

 I told you I was Fishing. I never lie.

Sat, 05/21/2011 - 02:54 | 1297765 Yen Cross
Yen Cross's picture

 Sunday nz open. Buy the way ?

Sat, 05/21/2011 - 09:46 | 1297997 Mec-sick-o
Mec-sick-o's picture

It is on my Avatar.

Too bad it is covered by bloodshed of the gungangs.

Fri, 05/20/2011 - 18:40 | 1296927 Strider52
Strider52's picture

I had some Alaskan Purple Mind Fuck once and I turned into a lizard for 20 minutes..

Sat, 05/21/2011 - 03:10 | 1297773 Yen Cross
Yen Cross's picture

 Do you know when F/X markets open? Punk

Fri, 05/20/2011 - 22:20 | 1297274 GoinFawr
GoinFawr's picture

Banisteriopsis Caapi: The truth will out; either that or some wacked psychotic episode.

Sat, 05/21/2011 - 03:11 | 1297629 Yen Cross
Yen Cross's picture

Reverse  NUF! I'll go Caspian with you.

Sat, 05/21/2011 - 03:23 | 1297782 Yen Cross
Yen Cross's picture

 You my friend, live in the past. Even if ? My balls are deeper than your thoughts. i grew up in areas that you never knew exististed.

Sat, 05/21/2011 - 14:43 | 1298403 falak pema
falak pema's picture

You sound like the Yeti...

Fri, 05/20/2011 - 17:59 | 1296874 ugmug
ugmug's picture

Sadly this guy is like all the other know-it-all’s and is convinced that death is only a consequence of some sort of neglect and poverty is only a consequence of some form of forced submission. Frankly I'm tired of the boilerplate reasoning of the emotionally crippled intellectual who discounts man's natural inclination towards sloth as the root of many of our societal ills.


Fri, 05/20/2011 - 18:30 | 1296917 Use of Weapons
Use of Weapons's picture

The huge market in middle/upper class usage of ampakines, especially newer versions of armodafinil / modafinil, and research surrounding them haven't exactly been 'cracked down on' by TPTB. Hollywood even got into the act with 'Limitless', which is a rather not-so-subtle advert for them. So yes; at the moment, there's a significant subsection of America who are dosing up to the nines on 'positive' drugs - way beyong the ancient days of Xanax / Diet pills and so on.

Disclaimer: I've never tried ampakines / nootropics, as I've never required them. I've heard there's a U-shaped limited returns angle to them anyhow.

Want really scary?

Your brain chemistry determining 'subconscious motor control'. Which, if you read the paper, amounts to subliminal inputs & higher levels of GABA protecting against that. In other words - people who respond to marketing / subliminal flashes (you know, those Apple customers who respond to Apple products like a religious experience) have lower levels of GABA.

This paves the way to a) testing humans for susceptibility, b) either heightening / lowering of GABA levels (water supply?) and c) indexing potential before schooling / development. Also, d) fixing a lot of things like depression, AHAD, bi-polar etc etc. A meritocracy is fine, if it is indeed a meritocracy - nearer you are to the top, the easier it is to 'enhance' your chances, above & beyond the usual social factors.




Brave New World - they literally are smarter, stronger, faster and impervious to conditioning that is universal. Outliers [aka, some readers here] beware. Oh, and don't get too tinfoil hatted - or in my case, don't type on bottle #3 of wine & expect a rational non-rant on Ann Ryand...

Fri, 05/20/2011 - 20:05 | 1297044 samsara
samsara's picture

Man,  This guy brings out the most rabid damage control trolls of any topic I have seen on ZH.

The truth is getting out to the average guy regardless the wringing of the hands and gnashing of teeth, stamping of the feet of trolls like this.

Sat, 05/21/2011 - 12:58 | 1298267 SMG
SMG's picture


Sat, 05/21/2011 - 12:58 | 1298270 SMG
SMG's picture

+1 This site has a better chance of getting the truth out there than any I've seen yet.  Hope the good freedom loving guys win in the end, I'm pulling for them.

The truth in the hands and convictions of as many people as possible = end of the oligarchy.

Do NOT follow this link or you will be banned from the site!