More Bill Black

Here are two more videos from straight-shooter Bill Black. I highly recommend these as he is able to convey just how twisted the banking, investing and regulatory systems are, and the corruption starts from the top with the CEOs.

From Bill Moyer's Journal on PBS (~29 mins):


From Yahoo's Tech Ticker (~6 mins):

Confessions of an Economic Hitman

In this radio interview, John Perkins, the author of Confessions of an Economic Hitman, discusses his book and its message.
The premise of an economic hitman is this: an agent of the US government, working through a private company (typically a construction company), goes to a developing nation that has resources.   The economic hitman sells the developing nation an infrastructure construction project that is much too big (based on greatly inflated projections).  The nation then takes out an enormous loan from the World Bank and other large banks to pay for the project.  The economic hitman then uses money and power to corrupt (or further corrupt) those in power in the developing nation so that the nation defaults on its debt, allowing private corporations to buy up the public resources.  The private companies then export the resources with little to no benefit to the developing nation.

An eye-opening and worthwhile watch.