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Book Analysis - New Confessions of Economic Hitman Final
Book Analysis - New Confessions of Economic Hitman Final
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BOOK ANALYSIS
THE NEW CONFESSIONS OF ECONOMIC HITMAN
BY JOHN PERKINS
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2. Theme. “The New Confessions of an Economic Hit Man” is a newer, fresher and
more extensive version of the New York Times bestseller “Confessions of an Economic
Hitman”. Confessions of an Economic Hit Man (EHM) is a partly autobiographical book which
provides the author's account of his career with engineering consulting firm Chas. T. Main as
an Economic Hit Man.
The malice of EHM’s is not limited to this predatory capitalism, but goes on further to employ
a second type of EHM’s, called Jackals, for assassination or overthrow of the heads of the
victim states if the former type of EHM’s failed to bring them around. The final tool was a full
on military rush-on, if all else failed.
3. Details of Chapters
a. Number of Chapters. 47
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After landing at the Panama International Airport, Perkins takes a taxi for
the night. While he was admiring the visuals of Panama, Perkins noticed
a billboard with the face of Panama’s president Omar Torrijos on it. Omar
was a highly regarded president amongst the lower and middle class. For
one, he is staunch declarer of Panama’s sovereignty and helps to fix
poverty. Amazingly enough without the use of socialism or communism.
He also wants everything done by his, and his people’s own hands. With
no aid from other countries like China and Russia.
(11) Chapter 11: Pirates in the Canal Zone
Perkins is given an escort and local named Fidel. Fidel’s mission is to
drive Perkins to the “Canal Zone” a rich area that is almost like a second
country. On the way to the zone, Fidel introduces Perkins to a family that
lives on the other side of the canal. Their family is known for its service for
Panama. After the introduction, Fidel shows Perkins the “other” side of
Panama. Perkins is then greeted with the stench of rot. A sign of a slum.
Perkins is obviously no stranger to such sights, but it was a depressing
site nonetheless. They eventually arrive at the canal zone. Complete with
white buildings, green grass, and blue skies. All of this is owned by the
U.S. Fidel then tells Perkins they’ll be meeting yet one more side of
Panama.
(12) Chapter 12: Soldiers and Prostitutes
After a nice dinner, Perkins heads out with Fidel to a local bar. He finds
that almost all of the staff is female. Especially the exotic dancers. He
also seems to notice most of the patrons are U.S. soldiers. Perkins asks
Fidel why are there so many girls. He then tells that these women are
from neighboring countries like Colombia and Honduras. They come to
Panama for refuge or a fresh start. Most of them become dancers and
bartenders as that’s their only option. They do make a lot of money,
however.
(13) Chapter 13: Conversation with the General
Perkins was finally invited to a meeting with the President of Panama.
Omar Torrijos. This was his real purpose in Panama. As usual, his
objective was to scheme leaders into asking for loans under the pretense
of “helping” their country. Usually, they would play along, but not Torrijos.
Torrijos seemed very self-aware of the state of his, and other countries.
He also was aware of Perkins true purpose. But Torrijos had an agenda
of his own. To help the poor of Panama, and to make Panama seem
neutral.
(14) Chapter 14: Entering a New and Sinister Economic Period in History
Being the current Chief economist of MAIN, Perkins had to keep up with
the latest trends in the economy. He also has to have an extensive
knowledge of various economic practices. Such as when OPEC caused
the oil crisis of 1973. They proclaimed an embargo that inflated the price
of oil from 3$ per barrel to 12$. The aftermath was even worse for
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then explains to Perkins how his business should cease operation in Iran.
As it will continue the suffering of his people.
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that are ripe with oil. And in their pursuit of oil, they usually destroy the
country. Until a man named Jaime Roldos came along. Roldos, like
Torrijos, believed in the sovereignty of Ecuador. Also like Torrijos, Roldos
crossed many lines. He wasn’t a communist, nor was he a socialist. He
didn’t like foreign oil companies, but he wasn’t anti-American.
(25) Chapter 25: I Quit
Perkin’s former boss Bruno was considered amongst his employees to be
a real stand-up guy. However, the CEO of MAIN Mac Hall disagrees.
Bruno was abruptly fired. And no one really knew why. Although rumor
had it that Hall wasn’t a fan of Bruno. Perkins of course, was quite
shocked. As Bruno and he shared quite the history. Perkins takes a day
off to contemplate where he wants his life to go. He was a sinner. So he
repented by quitting MAIN on April 1, 1980.
(26) Chapter 26: Ecuador’s Presidential Death
Despite making his mind up about MAIN, one of Perkin’s superiors Paul
Priddy begged him to come back. Nothing really convinced him until
Priddy told him that they would lose a major client unless Perkins would
represent MAIN. So once again, Perkins steps back into the fray as an
“Expert Witness.” Despite being out of the game, he still keeps an eye on
South America. Jamie Roldos, the new president of Ecuador, seems to
be doing well. His stance on oil companies inspired many. Except, of
course, the likes of Washington and Texico. On May 24, 1981, Roldos
was killed in a plane crash. Papers were soon released claiming it was a
“CIA Assassination.” Despite the outrage, the news didn’t make waves in
the U.S. I wonder why.
(27) Chapter 27: Panama: Another Presidential Death
On July 31, 1981, former President of Panama Omar Torrijos died in a
plane crash. Just like he predicted in his nightmare. Much like Roldos
death, South America mourned the loss of a truly great man. Also like
Roldos death, everyone screamed “CIA Assassination.” Torrijos was
openly against oil companies and those that seek to exploit his country.
Knowing his actions, if Torrijos was alive, he could’ve truly changed
Panama and South America. Something, of course, the CIA and the U.S.
could not allow.
(28) Chapter 28: My Energy Company, Enron, and George W. Bush
Perkins, for once in his life, settles down. He meets a woman named
Winifred Grant whom he eventually marries and has a child with. After
witnessing the current trends in the energy industry, he decides to cash
in. Thus, Independent Power Systems (IPS) was founded. And as a
reward for his “service,” Perkins gets funded from many influential
bankers. Including Congress.
(29) Chapter 29: I Take a Bribe
Being an amateur writer, Perkins felt compelled to write about his
experiences with MAIN. Before he even published the book he received
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an anonymous call sending him and his family death threats. Then
Perkins was contacted by a former MAIN employee. He offered him a job
as a consultant for SWEC. A very successful electric company. There
was more money in working for SWEC compared to running his own
company. Of course, Perkins knew what would happen if he didn’t accept
the offer.
(30) Chapter 30: The United States Invades Panama
After President Torrijos’ death, General Noriega replaced him. Noriega
was nowhere near as concerned or dedicated about Panama as Torrijos
was. But he did occasionally make efforts to ensure Panama’s
sovereignty. Such as halting the construction of U.S. schools. Thus he
was made to look evil in the eyes of the U.S. media. So on December 20,
1989, the U.S. flew bombing runs over Panama, killing many civilians in
the process. The justification for this violation of international law?
Noriega was a “drug-trafficking monster,”and an “Enemy of the public.”
(31) Chapter 31: An EHM Failure in Iraq
Iraq, much like Colombia, is a ripe land of opportunity for EHM’s. Oil and
water are two big incentives. But most importantly, it is a perfect
strategical location. Iraq connects countries like Kuwait, Syria, Saudi
Arabia, and Turkey. It’s also within easy missile-striking distance of Israel
and Russia. At the time, however, (1980) there was one man guarding
these resources. Saddam Hussein. And despite being a genocidal
psycho, EHM’s would do anything to gain his trust and secure Iraq. But by
the late 80’s, Saddam didn’t buy into the EHM game. This was a major
frustration and big embarrassment.
(32) Chapter 32: September 11 and It’s Aftermath for Me, Personally
After a cultural tour in the Amazon, Perkins heads off to a small office with
a two-way radio. He then hears a yell from the radio saying “New York is
under attack!” Perkins turns up the radio and for the next half-hour
listened to updates on the shocking event. A few days later, Perkins goes
back home and decides to take a flight to New York. There he finds
a giant black crater that was the World Trade Center. Most have
continued their lives but there were some who were still devastated by
the attack.
(33) Chapter 33: Venezuela: Saved by Saddam
Venezuela used to be one of the poorest countries in South America.
Until in 1923, when a massive pocket of oil exploded out of the ground. It
then became the richest of the rich. And when the OPEC oil embargo of
1973 hit, their oil value quadrupled. Until the 1980’s when the price of
Venezuelan oil crashed. And the country was in major debt. Venezuelans
reacted with mass rioting. Causing a total of 200 deaths. Venezuela’s per
capita income went down by 40 percent. The new president of
Venezuela, Hugo Chavez, didn’t make anything better. In December of
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2002, over 30,000 oil workers put up a national strike against Chavez and
his oil operations.
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4. Analysis
a. John Perkins worked as an EHM for the USA based strategic consulting firm
Chas. T. Main, which was allegedly an NSA’s front organization of sorts.
b. Perkins claims to have been screened for the job by the National Security
Agency (NSA) and subsequently hired by Einar Greve, alleged by Perkins
to have been acting as an NSA liaison, a claim which Greve has denied. [a]
c. The book does not provide any evidence, except that a study of international
environement in the time indicate viability and plausibilty.
d. In this regard, the United States Department of State, have referred to a lack of
testimonial evidence to corroborate the claim that the NSA was involved in
his hiring by Chas T. Main.
e. After an extensive investigation, the New York Times concluded that "the arc of
Mr. Perkins's career seems to be described accurately," although they did not
find evidence to support "some of his fancier claims," including those
involving the NSA. [b]
f. The State Department also claims that Perkins has alleged U.S. Government
complicity in "the assassinations of President John F. Kennedy, Senator
Robert F. Kennedy, Martin Luther King Jr., former Beatle John Lennon, and
several unnamed U.S. senators who had died in plane crashes."
g. Questioned in a recorded interview about the State Department claims on
the assassinations, Perkins replied, "No, I've never alleged that. I probably
opened a question as to whether it might have been that way" [c]
h. Perkins, however, does allege that two of his clients, President Jaime Roldós
Aguilera of Ecuador and Omar Torrijos of Panama, had been assassinated and
the US government had been involved, adding "I know. I was there." [c]
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a. Eric Holder Rejoins His Buddies . Holder retired from his position as US Attorney
General to rejoin Covington & Burling, his former law firm. C & B's client list includes
Bank of America, JP Morgan Chase, Wells Fargo, and Citigroup. All these banks are
also the clients that Holder refused to prosecute for their role in the financial crisis.
Coincidence? [d]
b. The World Bank. The World Bank sounds like a noble idea--after all, it's about helping
the whole world, right? Not exactly. The World Bank actually serves the interests of a
select few who make all the decisions about where the money goes. Fact: 185
countries jointly "own" the World Bank but only representatives from eight countries
serve on its governing board-- the U.S. Japan, Germany, France, the UK, China,
Russia, and Saudi Arabia (i.e. the who's-who of global power). The President of the
World Bank has always been an American.
c. US Corporations and Off shoring. You often hear election-year rhetoric about taxes
and how taxpayer funds should or should not be given to various organizations. But
what you don't hear about is the $200 billion in corporate taxes that U.S. companies
avoided paying by keeping their money in offshore banks. Think about that for a
moment: $200 billion. Imagine what that can do for national healthcare, education,
welfare, etc. without even touching a cent of individual taxes. [f]
d. Suing Entire Nations. Companies can buy national debts of other countries and then
try to squeeze more out of them. That's what Grace Church Capital from the Cayman
Islands did--they bought a chunk of Cameroonian debt for $9.5 million and then sued
the nation for nearly $40 million. Sconset bought $15 million of debt and then sued for
$67 million. Not to be outdone, Antwerp (based in the US Virgin Islands) purchased
$15 million of debt but is now claiming $196 million owed. Cameroon ranks 150th on
the U.N. Human Development Index. [g]
e. From Jackals to Businessmen. SEAL Team 6 is mythologized for its taking down of
Osama Bin Laden and other foreign leaders but they also have an entrepreneurial
thread running through them. These military professionals who work in clandestine
operations also go on to establish their own private security companies. Despite what
is often hard to mistake for anything but outright criminal activity (such as those
perpetrated by Blackwater), these security firms are rarely prosecuted or even
investigated due to their founders' connections to powerful government allies. James
Bond is a fictional character, but these guys literally have license to kill. [h]
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7. Conclusion.
The New Confessions of an Economic Hit Man unearths the process of economic colonization
of Third World countries on behalf of what has been portrayed as a cabal of corporations,
banks, and the United States government.
8. References
a. "The Veracity of John Perkins' Accounts" by Steven Piersanti, President and
Publisher, Berrett-Koehler Publishers, Inc. March 7, 2005
b. "Confessions – or Fantasies – of an Economic Hit Man? Purported links to
National Security Agency appear dubious". US Department of State. 2 February
2006.
c. https://www.youtube.com/watch?v=_LXnhxQc-ro#t=7m02s
d. https://www.democracynow.org/2015/7/8/eric_holder_returns_to_wall_street
e. https://truthout.org/articles/the-world-bank-poverty-creation-and-the-banality-of-
evil/
f. https://www.wsj.com/articles/companies-avoid-paying-200-billion-in-tax-
1435161106
g. http://www.jubileeusa.org/vulturefunds/vulture-fund-country-studies.html
h. https://www.thenation.com/article/blackwatergate/#
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