Where did the crisis? These firsthand
Who and how to put on his knees and drew the entire country into poverty? Who benefits from turning life into hell, and people - the slaves? Why did we agree to it? In the chapter from the book "The Economic killer says' read user friendly presentation of the true causes of the global crisis firsthand - from the economic killer John Perkins.
In the past, professional economic killer, acting on a secret plan for American intelligence, an economist and a talented businessman and bestselling author of "Confessions of economic killer, causing wide repercussions in the U.S. and beyond, John Perkins long before many knew about the inevitability of an impending economic crisis. In a book chapter from which publishes the E-xecutive, he tells the shocking revelations about the true causes of the global financial crisis, calculating and cynical actions of the heads of major corporations that manage billions of dollars of land and natural resources of an entire country. However, the book is not only about how the world was at the precipice, but how it does not fall. The author believes that while there is still an opportunity to create a healthy economy, which will force manufacturers to protect not only the interests of its shareholders and business partners, but also the interests of consumers and society as a whole.
"I was an economic killer (EC), part of an elite corps of modern mercenaries to protect the interests of large corporations and a number of units of the U.S. government had a solid post of chief economist and a staff of highly skilled experts, management consultants and financial analysts who were informative, seemingly correct records, but my real aim was to enslave and ruin third world countries.
There is the greatest of many methods of EC, but the most common - the following: we compute the country with resources of interest to our corporation, and then cajoling, bribes, threats, forcing the leaders of these countries to exploit their own people - to borrow that knowingly fails to pay, to privatize state property as a consequence, legalizing the destruction of fragile ecological systems, and eventually sell treasured resources on the cheap. The most recalcitrant leaders overthrow or eliminate the hirelings of the CIA.
In third world countries we worked so well that our government willing to implement a similar strategy, not only in the U.S., but throughout the world. As a result of our efforts there was an unstable form of capitalism, which is considered the root cause of the current economic crisis. Despite the temporary positive signs, the crisis is progressing, the storm only spreads its wings. "
These are the lines I wrote in the early morning March 5, 2009, when a Boeing 757 "companies" Ayslandeyr "landed in Reykjavik, after hours of flight from Florida. For Outside it was dark, and I suddenly felt not in the XXI century, and somewhere in the late nineteenth century, and in Reykjavik, and in rapidly reared a city like Tumstona, Arizona, or Deadwood, South Dakota, where I brought the coach. The economic disaster Iceland proves once again: a storm is gaining strength. Economy, poor, semi-European country has experienced unexpected growth, and, according to the World Bank, by 2007, Iceland became the third country in the world in terms of per capita income. Literally overnight, Reykjavik Iceland became Tumston or Deadwood. Celebrities and professional gamblers, swindlers and the PP was knocked down in packs. "Morgan Stanley" (Morgan Stanley), "Goldman Sachs" (Goldman Sachs) and all the major investment and financial organizations in the U.S. Army seconded to Iceland "white collar". Using the tactics successfully used in Indonesia, Nigeria, Colombia and other countries rich in oil and other natural resources, my former colleagues persuaded the Icelandic leaders individually, and the Government generally collect loans, they say, to the eyeballs. Icelanders hit in a typical Hollywood extravagance of scale: bought mansions in Miami and an apartment in Beverly Hills, the British network of supermarkets and the Danish airline, Bentley and Rolls-Royce ", the Norwegian power plants and even football teams. In 2007 the foreign assets of Icelanders about 50 times higher than in 2002. From 2003 to 2007 the volume of trading on the Icelandic Stock Exchange has increased by as much as nine times, while in the U.S. only doubled. Property value in Reykjavik jumped three times, as well as the average income of the Icelandic family. Rapidly rose commodity prices. The source of this unexpected wealth - geothermal and hydroelectric energy.
Icelandic glaciers, rivers, volcanoes, hot underground springs have inexhaustible reserves of energy, but they are not upakuesh and abroad not to forward, so the energy must be used on site. The biggest consumers of electricity - aluminum factories and plants - the production was moved to Iceland in the late 1960's. In the next 40 years, world demand for aluminum has increased many times, and aluminum producers convinced the Icelandic government to build new power plants, whose sole purpose was to provide energy to foreign-owned factories. "Alcoa" (Alcoa), the world's largest aluminum producer, made the unprecedented offer of Iceland - built in the north of the country's huge processing complex. Government of Iceland should only take a large loan (secured with proceeds from the sale of electricity) and to hire foreign experts for the construction of a dam and a new power plant, capable to produce over 600 megawatts of electricity for new plant (for comparison: the entire population of Iceland consumes less than 300 megawatts). Of course, in reality it was not so simple. It turns out that going to build a dam in a seismic zone, and as a result of the water will land (the size of Manhattan - though slightly less than the entire Iceland Kentucky) with a unique natural landscape. Indifferent Icelanders allowed the government to effectively circumvent the laws on environmental protection and to give consent for the construction of "special conditions". In June 2007, Alcoa commissioned the plant, built by the American corporation "Bechtel" (Bechtel). It was expected that the new plant will produce 346,000 tons of aluminum per year, that is ten times larger than the first Icelandic plant. Icelanders happy to until it became clear that providing the equipment Alcoa, a powerful plant every hour brings tens of thousands of dollars in damages.
Sixth October 2008 happened to the unthinkable: a collapsed Icelandic banks whose capital has grown to the size, catastrophic for the modest economy. Losses totaled $ 100 billion and rising. As a result, Iceland's external debt ballooned to 850% of its gross domestic product (GDP). Country grasped the economic collapse.
While the plane rolled down the runway, I wondered, would it be like Reykjavik, or Deadwood Tumston after the modern gold rush, and that I would see in an hour: a ghost town, the streets which were naught but thieves, beggars, desperate bandits and drunken EC ?
I did not have the slightest doubt that the tragedy of Iceland - the first sign of the coming economic catastrophe. I went on a trip partly for the sake of on-site to understand the details of the first "killing" of a developed country. If we do not learn from the Icelandic tragedy, we all suffer a similar fate.
Just as the U.S. and many other countries, Iceland became a victim of the anomalous form of capitalism, the emergence of which my professors in business school predicted in the late 1960's and immediately subjected to harsh criticism. Proponents of this anomaly is planted in the minds of the business elite and political leaders from New York to Shanghai, a special system of values. That it has provoked an economic catastrophe such as those from the early 1970's - when I joined the ranks of the PP - plagued Third World countries, and now Iceland. The basic principle of this form of capitalism - an unshakable belief in the privatization of natural resources, empowerment of management companies unlimited powers and the promotion of life in the loan, which leads individuals and whole societies to slavery in its modern guise. The leaders of major corporations have become the elite, which, unlike ordinary mortals, not answerable to any rules. On this basis, formed principally new geopolitics. Happy New Year in many respects similar to an era when city-states were transformed into the country, except that today the country absorbed by giant corporations.
According to my teachers, the problem is not capitalism itself, but in its mutated form, which, like a virus has infected too many. The plane stopped, and I figured, what are the chances to stop the spread of the virus until the pandemic.
Facts
When he was a murderer economic (EC), I analyzed the statistics of many third world countries. None of them sank into crisis as rapidly as the United States over the past two years. Since we had the misfortune to watch all these facts, below I have listed only the most important - with comments indicating that the situation is much worse than we say. Those who are not interested in facts, I advise you to proceed to the second part of this chapter.
The current crisis began in the U.S. economy. One of the first to react real estate market, prices have reached historic highs in 2005 and began to decline in 2006. The subsequent decline in other sectors of the economy only exacerbate the situation in the real estate market. Due to the massive mortgage defaults hedge funds of such banks and financial companies as "Bear Stearns" (Bear Stearns), "Merrill Lynch" (Merrill Lynch), "Lyman Brothers" (Lehman Brothers) lost on investments in bonds of subprime mortgages that caused the collapse of the mortgage market. In 2008, Lyman Brothers went bankrupt, and "Bear Stearns" was saved at the last minute, when JP Morgan Chase "(JPMorgan Chase) bought its shares at two dollars apiece. Unenviable fate would be "Hey-ay-gee" (AIG), "Bank of America" (Bank of America) and Citigroup "(Citigroup), if not for huge public subsidies.
As a consequence, losses of America's largest financial companies and markets, where they played a key role in magnitude equal the U.S. GDP, that is comprised of approximately $ 14 trillion. At an economic symposium, held on April 30, 2009, Bill Bradley, former senator, now heads an investment bank Allen & Company "(Allen & Company), summed up what had happened:" The U.S. government has allocated for the financial sector more than 12.7 trillion in guarantees and sureties, of which more than four trillion already spent to pay off the negative effects of the crisis. American taxpayers have invested in Citigroup more than $ 400 billion. "Paul Krugman, who in 2008 won the Nobel Prize in Economics, he added:" For a very short period of net equity of Americans declined by 13 trillion dollars, a similar pattern is observed in other countries. "Recession has affected all sectors of the economy. By December 30, 2008 Case-Shiller index, the most reliable indicator of house prices in America fell by a record amount since 1930. Residential construction fell by 38%. During the early months of 2009, GDP the U.S. fell by 6% compared with the annual rate, while the volume of production dropped by 13%. Bureau of Labor Statistics Department announced: "In April 2009, massive reductions have affected virtually all private industrial sectors. In general, the number of jobs in the private sector declined by 611,000. "The number of unemployed rose to 13.7 million people, representing almost 9% of the total working population.
May 2009 is officially sixteen months of decline, which thus became a long-time since the Great Depression.
Every time new statistics are published, beating the previous record, and forecasts are becoming more pessimistic. The cost of inventories fell by 104 billion dollars, a record since 1947, when it began collecting such statistics. The volume of exports fell by 30%, by updating the record of four decades, and the volume of business investment - almost 40%, setting another record. Housing construction fell by 38%, and the company cut the overall cost of the same unprecedented 38%. The next "achievement" can be called that 12% of Americans do not have coped with the monthly payments on mortgage loans or lost foreclosures. "GM" (General Motors), which is considered an indicator of financial health of America, first announced the stop of 13 assembly plants in the U.S. and cut production at 190,000 cars, and the first in June 2009 - bankruptcy under Chapter 11, United States Code , indicating that the restructuring of production will lead to the loss of more than 21 thousand jobs, the closure of at least 12 plants and 2600 dealerships. The end turned out absolutely infamous: "General Motors is almost completely nationalized.
The economic crisis has hit the entire planet. The UN report "The world economic situation and forecasts for 2009 predicted a decrease of all the economic indicators at 2.6%, although primarily in the most pessimistic forecasts point to 0,5%. In the January report says: "The collapse of the mortgage market exacerbated the economic situation in the world." The UN estimates that over the next two years the number of unemployed will exceed 50 million, but that number "could double if the situation continues to deteriorate." UN experts believe that in 2009 the volume of international trade to decline by 11%, again a record since the Great Depression magnitude.
Whatever may seem scary predictions, they paint a far from reality and overly optimistic picture. The report's statistics clearly shows that governments and international financial organizations coolly manipulated us and consciously misled. Political and business elite has played a game whose rules I learned when he was the EC: the future need to draw the brightest colors, in any way to maintain calm the townsfolk and the status quo. The UN report submitted to the worst prognosis shamelessly "edited" form. For example, Chinese media reported that the number of unemployed in China exceeded 26 million. If we add to them 13,7% of unemployed Americans, the result is well above the predictions of the UN 50 million. Another confirmation of the tactics of smoothing angles appeared at the end of the first quarter of 2009, when analysts tried to convince us that the economic situation stabilizes. However, the projections of the Federal Reserve System, issued in May, predicted deterioration rates at 2%, which is strikingly different from the 1.3% that were on the previous forecast. Rising unemployment experts Fed estimated at 9,6% instead of the previous 8.8%. However, there is every reason to believe that these forecasts are too optimistic, but in fact the unemployed would be even greater. At an economic symposium, held on April 30, 2008, of which I have already mentioned, George Soros, chairman of Soros Foundation and Open Society, author of "The Crisis of 2008 and its value," advised President Obama: "It is to reconstruct the financial system, because to continue as it did not return.
Problem
The current crisis is neither accidental nor short-term will not name. It was the result of courses and strategies that have started even before I became the PP for almost 40 years ago. Since the end of World War II, we tried to create the first in the history of world empire. Instead, soldiers in camouflage, we sent out to all corners of the world's white-collar, military bags and laptops in order to place impart new economic model in which extracts from the third world countries precious commodities.
Typically, our corporation was determined "target" country, rich or resources of interest to us, or strategically attractive real estate. Then the object sent the PP in order to convince the leaders of the "target" country that they are vital to the huge loans from the World Bank and similar financial institutions. The leaders explained: no funds were transferred directly into their country, and American corporations, which will create a "target" area developed infrastructure - to build power plants, ports, industrial zones.
"Infrastructure development will enrich you and your friends - the local elite, which holds under the control of production, are totally dependent on energy exports and trade ties," - asserted EC leaders, for the time being not to mention the fact that the first loans will enrich the U.S. company that developed the data "development projects".
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