Citizens Of Barbados: Oil Is A National Treasure – Demand Full Disclosure About Oil Bidding!

Who Are The Consultants, Negotiators and Middlemen? How Much Is Being Stolen Or Bargained Away?

The one thing that is certain about the oil that might be off our coast is that Barbados as a country has just about zero serious experience in the oil resources industry.

Unlike many nations, we have no experienced team of negotiators with a track record of success in dealing with huge multi-national oil companies. If the truth be known, we probably have only a handful of Bajans who have any oil resource management experience at all.

Our previous BLP government and the current DLP government are ill-equipped for the task of securing the best possible oil deals for our country. The very confidence that our leaders must exude to retain credibility with the citizens and with the oil-companies is their weakness – because it blinds them to the fact that they know so little that they are probably setting Barbados up like a chicken for plucking.

Oil Industry Is Famous For Corruption – And Rightly So

“Exxon/Mobil and other leading oil companies are to face an investigation into how up to $500,000,000 (£310m) came to be paid into a private US bank account, said to be solely controlled by the President of Equatorial Guinea.” … from Exxon-Mobil Caught In Secret Payments Scandal

If there is one thing that the history of oil has taught us, it is that well-meaning leaders everywhere have been corrupted or thwarted in their desire to see their citizens receive full and rightful benefits of their oil natural resources.

The way these oil companies work is they go to the government members and bribe them to put aside their loyalties to their country. How many government officials would refuse millions of dollars in offshore cash to write a “sweetheart” deal between their country and the oil company? Most… some? How many?

Whether it is a US oil firm like Baker Hughes paying US$4.1 million in bribes in Kazakhstan, Barbados prison builder and oil service company VECO pleading guilty to bribing elected US officials, Exxon Oil Company bribing judges, or Shell Oil bribing witnesses to testify against activists in Nigeria (who were executed) – the standard operating procedures of the oil industry are corrupt.

And these oil companies that are so experienced in the art of corrupting local politicians are now negotiating with the Barbados government.

Get this one fact straight in your mind: oil companies will be attempting to bribe our elected and appointed government officials during the current process.

.

No Conflict Of Interest Laws In Barbados

In Barbados it is not against the law for an elected or appointed government official to receive gifts from an oil company that is bidding for our offshore oil – even if that government official is directly involved in the process.

Think about that.

It is not against the law for an oil company to hire a Member of Parliament’s spouse, son or daughter as a “consultant” during the process.

Think about that too.

It is not against the law for an oil company to hire a Member of Parliament’s spouse as a “consultant” once they have secured a deal with Barbados. And… if that spouse is such a great consultant that they are paid a percentage of oil profits every year of the contract… That is not illegal in Barbados either.

We have no laws to prohibit the types of direct and indirect corruption that the oil companies excel in.

We have no transparency in process of awarding the contracts. We have no requirement for government officials to refuse a conflict of interest or to reveal it. We have no Freedom of Information laws that would allow citizens to monitor the process and examine source documents, reports and financial transactions.

Where Is The Transparency? Where Are The Safeguards?

Barbados’ offshore oil is a national treasure – made all the more precious by the continuing deterioration in our tourism industry. The deals being negotiated right now will impact our island for generations – yet our country lacks even the most basic laws to prohibit government officials from indirectly profiting from side-deals with the oil companies.

You can bet that when the BLP government fell, certain oil companies lost a few dollars – but you can also bet that they are prepared to do business with the new DLP government officials.

The oil companies are very aware that under the new DLP Thompson government, there are no laws to prohibit the giving of “gifts” to Barbados government officials. The oil companies are also aware that the Thompson government reneged on its promise to adopt a Ministerial Code from day one.

We Remember David Thompson’s Speech About “Sharing The Fatted Calf”

How about it, Prime Minister Thompson… why haven’t you adopted the Ministerial Code as you promised?

Perhaps it is something to do with your “sharing the fatted calf” speech?

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32 Comments

Filed under Barbados, Corruption, Crime & Law, Energy, Environment, Ethics, Political Corruption, Politics & Corruption

32 responses to “Citizens Of Barbados: Oil Is A National Treasure – Demand Full Disclosure About Oil Bidding!

  1. Green Monkey

    The way these oil companies work is they go to the government members and bribe them to put aside their loyalties to their country. How many government officials would refuse millions of dollars in offshore cash to write a “sweetheart” deal between their country and the oil company? Most… some? How many?

    Check out the book “Confessions of an Economic Hit Man” by John Perkins to learn how the globalised economic system is set up with a carrot and stick approach to ensure that profits from development of natural resources of the less developed countries flow mainly into the pockets of extremely wealthy and powerful multinational corporations. The carrots are the bribes for those who cooperate, and the sticks are the threats against those that don’t.

    Here is an example of the stick approach in action. In 1953 the the CIA and MI6 cooperated to stage a coup in Iran and depose their democratically elected prime minister, Dr. Mohammed Mossadeq, because he proposed nationalizing the Iranian oil industry. At the time, the Iranian oil industry was controlled by a British owned oil company, the Anglo Iranian Oil Company, which Mossadeq and many Iranians thought was unfairly taking advantage of its monopoly to enrich itself and the British shareholders (which also included the British government) at the expense of the Iranian population.

    As a result of the coup, the Shah was installed as a de facto dictator along with his widely hated and feared secret police. But that wasn’t important. The important thing was that Western multinational oil companies now had unrestricted access to Iran’s oil fields.

    You can read about the CIA/MI6 instigated coup against Mossadeq here:
    http://www.lobster-magazine.co.uk/articles/l30iran.htm

    There are some Youtube video clips of John Perkins making presentations or being interviewed on his former career as an economic hit man here:

  2. dog-bite-yah

    But look at today’s Nation neh. Wahlaw! Wahlaw! At least Albert yah could a give BU some credit in yah oil story. Licks like peas fah wannah boy. BU scoups Fontabelle once again, and Carl Moore says d blogs should be ignored. Maybe at d next awards ceremony by the Nation Corp, Audain might decide to give BU an award for providing his flying-fish rag with front page leads. Ha ha
    Go BU Go Bu Go BU

    ****************

    BFP says,

    Gosh, did Barbados Underground scoop us on this story? We published our story three days ago, but it is tough to know which blog will beat the Barbados media to the story next!

    For those not familiar with Barbados Underground Blog, David and his family always have some high quality articles front and center. Check them out here

  3. strange hat

    BFP: This time you beat the Nation News to this story. Barbados Underground didn’t cover the Venezuela oil claim.

  4. no name

    Excellent, thought provoking article!

    Keep up the good work.

  5. Green Monkey

    The link to Youtube videos with John Perkins got cut off in my post above. Here it is (or just go to Youtube.com and type “John Perkins” in the search bar):

    http://youtube.com/results?search_query=john+perkins+hit+man&search_type=&aq=o

  6. no name

    Green Monkey,

    Very recommended reading for Barbadians who care is “Confessions of an Economic Hit Man” by John Perkins.

    Be prepared to lose sleep, though.

    ********************

    BFP says,

    No-name or Green Monkey… this sounds like an excellent and timely book. If one of you could write a book report or grab something off the web, we’d certainly publish it.

    Thanks!
    Robert

  7. The Devil

    Mr Perkins is also a believer in Shamanism and shape-shifting (I did not make this up!). The book was a let down.

  8. Thistle

    No name congratulating Green Monkey??? Oh, BFP, I know you are anything but stupid, so surely you know that is one and the same person (along with Sargeant). I think most people know that.

    On another point: I really am appreciative of your continued exposes on matters of which the “ordinary” citizens (like me) would not have a clue. It is heartening to know that there are persons around who are willing to stick their necks out to dig up what we dummies out here would just take for granted, especially if we read the newspapers. Thank God for the blogs, You should change your name to WATCHDOG!

    *********************

    BFP says,

    Hello Thistle,

    As you know, when we see indications of one person using multiple names we prohibit such activity, but so far we have not seen any technical proof that what you say is true.

    Thanks for the reminder though, and for the encouragement.

  9. Inkwell

    Well said, Green Monkey, but don’t leave it there. Operation Ajax put Iran’s oil resources in the hands of the British and Americans by installation of the Shah as puppet dictator, (another instance of American hypocracy in supporting tyrants when it suited its purpose…to hell with the democratically elected Mossadeq).

    The Iranian Revolution in 1979 ousted the Shah and restored Iran’s oil resources to its rightfull owners and left the British and Americans grinding their teeth in chagrin and frustration and created the fierce antagonism toward the Iranian government we now see in their relations. All the “axis of evil ” talk is essentially sour grapes.

    But if you read the Western version of the history, you wouldn’t know it was all over the oil.

  10. no name

    Thistle & BFP,

    I am neither Green Monkey nor Sargeant. But, Thistle, thank you for the compliment.

    BTW, I was congratulating BFP for this good article.

  11. Eagle Eye

    Hello BFP

    I’m in Barbados on holiday from Canada and I wish to tell you that the Thistle is correct. This is the same person who used many pseudonyms in the past and you banned him for vulgarity a year or so ago. I know this for a fact. Could be he using three different computers (so 3 different IPs) and fooling you, eh. Hey, Sargeant Green Monkey-no Name, you still drinking 5 glasses of wine a day? Wifey looking over shoulder to see who I sending this to, so I gone.

  12. Eagle Eye

    Yeah, figured so, comment gone into moderation. Sigh … will it appear? Those are facts I gave you, BFP, trust me.

  13. no name

    Eagle Eye,

    Gin.

    You got the wrong person.

    Nice try.

  14. Green Monkey

    Thistle wrote:

    No name congratulating Green Monkey??? Oh, BFP, I know you are anything but stupid, so surely you know that is one and the same person (along with Sargeant). I think most people know that.

    Thistle, you must think the 3 uh we is the Lord. That is the onliest body I know that can claim to be 3 persons in 1. LOL

    Snip of transcript of an interview with John Perkins at Democracynow.org:

    AMY GOODMAN: How did you become one (i.e. economic hit man /GM)? Who did you work for?

    JOHN PERKINS: Well, I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation’s largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950’s, Kermit Roosevelt, the grandson of Teddy, who overthrew of government of Iran, a democratically elected government, Mossadegh’s government who was Time‘s magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn’t have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.

    AMY GOODMAN: Okay. Explain the company you worked for.

    JOHN PERKINS: Well, the company I worked for was a company named Chas. T. Main in Boston, Massachusetts. We were about 2,000 employees, and I became its chief economist. I ended up having fifty people working for me. But my real job was deal-making. It was giving loans to other countries, huge loans, much bigger than they could possibly repay. One of the conditions of the loan—let’s say a $1 billion to a country like Indonesia or Ecuador—and this country would then have to give ninety percent of that loan back to a U.S. company, or U.S. companies, to build the infrastructure—a Halliburton or a Bechtel. These were big ones. Those companies would then go in and build an electrical system or ports or highways, and these would basically serve just a few of the very wealthiest families in those countries. The poor people in those countries would be stuck ultimately with this amazing debt that they couldn’t possibly repay. A country today like Ecuador owes over fifty percent of its national budget just to pay down its debt. And it really can’t do it. So, we literally have them over a barrel. So, when we want more oil, we go to Ecuador and say, “Look, you’re not able to repay your debts, therefore give our oil companies your Amazon rain forest, which are filled with oil.” And today we’re going in and destroying Amazonian rain forests, forcing Ecuador to give them to us because they’ve accumulated all this debt. So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It’s an empire. There’s no two ways about it. It’s a huge empire. It’s been extremely successful.

    Interview posted here:
    http://www.democracynow.org/2004/11/9/confessions_of_an_economic_hit_man

  15. John

    Went to amazon.com to see what people had to say about this book as it comes so highly recommended.

    Some feel it is stretching the limits of credibility, others quite the opposite.

    Here are some of the comments from people who have read the book. Sorry the post is so long.

    I may just purchase a copy.

    Search Customer Reviews

    Only search this product’s reviews

    The most helpful favorable review The most helpful critical review

    514 of 952 people found the following review helpful:
    Spellbinding modern history
    This book is spellbinding like a novel and a must read for anyone interested in Post World War II history. It is the story of America’s march to dominate world politics and commerce told by an insider, a man who was there when the deals were struck. Although he may upset readers who want to believe that our leaders always wear white hats, the author’s stated and obvious…
    Read the full review ›
    Published on November 3, 2004 by Tom Jefferson

    › See more 5 star, 4 star reviews
    721 of 1,065 people found the following review helpful:
    Too good to be true – too vague to be believed
    “Confessions” is at once too good to be true and too vague to be believed. The author apparently had a successful career supporting requests for development loans for major electric utilities projects to the various less developed countries by grossly inflating their projected economic growth. His motivation for doing so was admittedly to keep his job (his boss was fired…
    Read the full review ›
    Published on April 2, 2005 by Michael E. Piston

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    721 of 1,065 people found the following review helpful:
    Too good to be true – too vague to be believed, April 2, 2005
    By Michael E. Piston (Mercer Island, WA USA) – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    “Confessions” is at once too good to be true and too vague to be believed. The author apparently had a successful career supporting requests for development loans for major electric utilities projects to the various less developed countries by grossly inflating their projected economic growth. His motivation for doing so was admittedly to keep his job (his boss was fired when he provided more realistic projections) and flourish in a consulting company whose financial success was clearly dependent upon the loans being approved so that their clients could get the lucrative contracts to do the construction work. Nevertheless, Perkins attempts to make what would just be another sordid tale of Enron-style numbers spoofing into a nearly epic story of official U.S. chicanery by alleging that fraud was perpetuated at the request of the American government in order to trap the borrower nations, apparently too ignorant or corrupt to watch out for themselves, into an eternity of economic and political servitude by intentionally burdening them with debts they could not pay. Unfortunately, despite Perkins career as a self-proclaimed “economist”, his book is devoid of even a single statistic backing up this claim. Instead, it rests almost solely upon the words of a mysterious “Claudine” – a woman who present herself not as a U.S. government agent, but as a consultant to Perkins’s employer – who in a series of secret meetings imbued this revelation to Perkins from on high as it were, much as Gabriel dictated the Qu’ran to Mohammed. To say that this story is hard to believe is to treat it with a respect it is manifestly undeserving. Perkins’s main pitch seems to be that his own apparently solid status as an establishment insider is sufficient proof of his own credibility, despite his enthusiastic admissions that made a substantial fortune exagerrating and lieing for a living. Yet Perkins is no McNamara, but a best a midlevel manager in the “corportocracy” he exposes, and his story lacks the abundant details which made true insider accounts, like Phillip Agee’s “Inside the Company” so unmistakably authentic and powerful. In fact, it is precisely its quasi-fictional nature, rather like Carlos Castaneda’s dubious account of his dealings with Native American shamans, which makes “Confessions” such a good read. It reads like fiction because it basically is fiction, albeit interlaced with enough true events from the author’s life and recent history to give it the veneer of plausibility. In the end it is useful mostly for the (few) books it cites in its (sparse) footnotes, which offer some useful insights into some of the lesser known incidents in the history of the American Empire, such as the abortive careers of Omar Torrijos and Jaime Roldos. But it cannot be treated as a serious contribution to the debate on globalization. Help other customers find the most helpful reviews
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    Comments (21)

    339 of 418 people found the following review helpful:
    HUGE dissapointment, April 28, 2005
    By iago18335 – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    I really wanted to enjoy this book. I was looking forward to a description of how the World Bank, IMF and the ‘aid industry’ was collaborating to keep LDCs from actually realizing improvements in their systems.

    Instead, John Perkins gives us wild speculation and claims with absolutly no facts to back them up. He describes his first assignment in Indonesia, tells how he ‘cooked the books’ and then completly ignores any further discussion of the matter. As a reader I have no idea if his economic estimates:
    1) actually resulted in any loans, economic programs, etc.
    2) if his inflated projections ended up being right or wrong
    3) if (or how) internation institutions then used this situation to bend Indonesia to their will

    Instead, Perkins just tells us (over and over again) about his guilt.

    I do have to admit, I didn’t finish reading this rubbish. I did skim the rest of the book hoping to actually find something of substance to substantiate his claims but couldn’t find anything.

    The most frustrating thing about this book is that I believe the author’s claims might be right. It’s just very unfortunate that he didn’t do anything to prove them.

    If you must, pick this up when it’s in the dollar bin. Help other customers find the most helpful reviews
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    Comments (8)

    514 of 952 people found the following review helpful:
    Spellbinding modern history, November 3, 2004
    By Tom Jefferson (CA) – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    This book is spellbinding like a novel and a must read for anyone interested in Post World War II history. It is the story of America’s march to dominate world politics and commerce told by an insider, a man who was there when the deals were struck. Although he may upset readers who want to believe that our leaders always wear white hats, the author’s stated and obvious intent is to educate. In the end, he helps us see a way to realize America’s Founding Fathers’ dream of “life, liberty, and the pursuit of happiness” for all people everywhere. A chilling, yet ultimately positive and encouraging, narrative. Help other customers find the most helpful reviews
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    Comments (4)

    295 of 369 people found the following review helpful:
    Utterly Implausible, March 22, 2005
    By Sheryl Katz (Chatsworth, CA USA) – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    I hated this book, and not for its politics.

    The big problem I had with this book is that right from the beginning it strained credulity to the breaking point. Let’s get this straight – there is no way, no how the NSA had anything to do with training this guy to be a so-called economic hit man. The phenomenom he describes no doubt exists, in the sense that big public utility projects financed by international banks can result in serious negative consequences for underdeveloped nations while lining the pockets of engineering firms. And the US policy in oil countries has been an unmitigated disaster (regardless of what you think of the Iraq war if our diplomacy had been successful we wouldn’t be fighting it). But this secret 007 world of self-conscious economic hit men is a deranged fantasy.

    Sorry folks, those of you who love byzantine conspiracy theories, it just isn’t so. The NSA sits in a big nondescript building in Washington and engages in technological spying. Anything that has to do with human intelligence is the province of the CIA.

    Since the book starts with a story that is utterly preposterous and inaccurate, and since this delusion is the foundation of everything that follows, it’s hard not to find the entire thing annoying.

    Part of what made me queasy is that there are truthful observations amid the nonsense. There is plenty that is reprehensible in the “corporatocracy” and in US involvement in foreign affairs. However, the reality is much more complex and shaded in hues of grey than Perkins’ story. The book further inspires queasy feelings because the author freely admits many instances of dishonesty and duplicitous dealing while maintaining a stance of moral superiority. This book made me feel bathed in egotistical slime. Help other customers find the most helpful reviews
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    266 of 323 people found the following review helpful:
    where are all the facts?, April 6, 2005
    By Barry S. Kahn “phd candidate, international f… (Austin, TX) – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    I am afraid that this may be the worst book that I have ever read, not because it is not enjoyable to read, I actually flew through it, but because of how badly the author attempts to deceive the reader.
    What begins as a novel concept and gives me the hope of being enlightened on how the World Bank, IMF, and the international business community deal with developing nations, ended up as an egotistical rant by John Perkins. I would have sufficed to hear one concrete piece of evidence proving this conspiracy by the US that he talks about. Instead, what I got is the impression that John Perkins feels the world revolves around himself as he uses names he jokingly used to refer to himself and his projects (Economic Hit Man, Saudi Arabian Money Laundering Affair) as if everyone else viewed them as the same. In reality, it does not appear that he was as important as he believed. I would love to tell Perkins that just because once upon a time that he interviewd with the NSA does not mean that they set up his future jobs and made him an undercover employee, so undercover that even he was not told of his true work. The only person in this story who can collobarate any conspiracy such as that he mentioned is a woman named Claudine who was his “mentor.” Yet, there is no offical records of her working for MAIN, she dissapeared when Perkins left for Indonesia on his first assignment, and although he does not explicity say so, he had an affair with this woman. Based on this, the odds are clearly in favor of the fact that he merely had an affair with this woman, created the mentor story for his wife, and in the process was bragging to this woman about his job which they both decided could be appropriately called being an Economic Hit Man. That seems more realistic to me than that this company, MAIN, hired a woman, off the record, to approach him, seduce him, teach him secret information, and then dissapear without a trace. But that is just my opinion.
    However, that is just the problem with the book, it is all just his opinion. Despite his being in the industry for over 20 years, Perkins never offers any insights, besides exagerating his own importance, that offer more of an insight into what is going on than I could have found with a scrapbook of newspaper clippings from the events in question. In fact I learned more about his inner strugles and decision to write this book than I did about international affairs. Perhaps that is my fault for not looking close enough into the title: “Confessions of an Economic Hit Man.” It is truly just a confessional, a book so Perkins can justify things that he belives he did wrong and why he did not stop doing them earlier.
    That all being said, if you are interested in reading the confessional ramblings of an egotistical man who has managed to blur the line between truth and fiction in his own eyes, this is the book you have been dying for. However, if you were hoping to read about the world of international finance through the eyes of an educated participant, that book has yet to be published. There is a reason that no reputable publishing house would publish this book or that there are no quotes from esteemed literary critics on the cover. That reason is not that this book exposes a vast conspiracy as the author repeatedly contends; it is because this book is absolutely terrible. Help other customers find the most helpful reviews
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    Comments (3)

    177 of 386 people found the following review helpful:
    American Centurion comes clean; sets example for us all, November 17, 2004
    By Follow the Money (Massachusetts USA) – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    I got Confessions of an Economic Hit Man yesterday and finished reading it today. It’s a vital personal story that illuminates an entire global system. A system based on greed, power, and control. Others before Perkins have warned of this system, but usually not from an insider’s perspective. If you’re interested in more details David Korten has done the best job documenting how rich powerful corporations with the help of governments get richer at the expense of the poor who get poorer. This isn’t a new idea. But in today’s world, the major media refuse to report this story. Perkins understands the essence of the problem: empire, oppression, inequality, and greed can seem to bring benefits to some people in the short term … but in the long term we all loose, even the rich. We are all spiritually harmed by the lies and rationalizations. We are all put at risk when the world becomes more polarized into haves and have-nots. Our humanity is undermined when we benefit from that which hurts others. Undoubtedly most perpetrators have convinced themselves that what they do is OK and even that they’ll be able to avoid consequences. Their money and power will insulate them in their exclusive gated communities. John Perkins’ real feat in this book is not exposing a corrupt system, but in providing an example of one person who was able to look into his life with a deep honesty and realize it was hurting him as well as prospects for the future of all people. All of us can learn from his awakening. Does driving a big SUV make us more secure? Happier? A better person? A better citizen? Help other customers find the most helpful reviews
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    27 of 41 people found the following review helpful:
    The Global Economic Empire – A Gripping Eye-Opener!!, February 17, 2005
    By Jana L. Perskie “ceruleana” (New York, NY USA) – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    September 11 dramatically altered many people’s perspectives on life and the world around us. The horrific events which occurred on that beautiful mid-September morning in 2001 changed John Perkins, author of “Confessions of an Economic Hit Man.” Mr. Perkins, a highly respected economist, had once worked as chief economist at Chas. T. Main, an international consulting firm in Boston. Even though he worked for a private corporation, he was sent abroad under government contracts to convince leaders of developing countries, places of strategic importance to the US, such as Indonesia, Iran, Saudi Arabia, Panama, Ecuador, etc., to accept enormous “loans” from the United States. The money would then be used to pay American companies to build local infrastructure and other projects. So while American corporations were profiting from these “loans,” the countries were sinking into overwhelming debt. The poorest people, who benefited least from these projects, were the ones stuck with the responsibility for payment. These countries usually became US puppet regimes, open to American corporate manipulation. If a leader refused to play the game, the consequences could be lethal. This is blatant economic blackmail – where your best buddy turns out to be the vindictive loan shark.

    Perkins resigned from the job about 20 years ago, because morally and ethically, he felt it was “wrong to play such a key role in creating an international empire at the expense of the poor and less advantaged around the world.”

    The author was paid extremely well to be an “economic hit man,” as he describes the position. He worked alongside the heads of the IMF, World Bank, and other notable global financial institutions. Perkins began writing a book shortly after he resigned, with the working title, “Conscience of an Economic Hit Men.” He wanted to dedicate the book to Jaime Roldós Aguilera, former president of Ecuador, and Omar Torrijos Herrera, former president of Panama. He had enormous respect for both men, held them in high esteem, and thought of the two as “kindred spirits.” Unfortunately, Roldos and Torrijos had both been his clients. They both died in fiery plane crashes. According to Perkins, their deaths were not accidental. They were assassinated, targets of the CIA, because they opposed the goals of corporate, government, and banking leaders, which were, and are, to build and maintain a global empire. The CIA has long assisted American corporations to remain dominant in foreign markets, by overthrowing governments hostile to unregulated capitalism.

    In the early 1970s, the Royal House of Saud agreed to send most of their petro-dollars back to the United States and invest them in U.S. government securities. The Treasury Department used the interest from these securities to hire U.S. companies to develop Saudi Arabian infrastructure, and the House of Saud agreed to maintain the price of oil at reasonable limits. In return, the US would use its resources to keep the House of Saud in power.

    After attempting to implement something similar to the Saudi policy in Iraq, and failing, US industry, in concert with government, wanted to depose Saddam Hussein. Saddam did not play ball. When the “economic hit men” were not able to convince the infamous dictator to cooperate, CIA “jackals” went in to foment revolution or a coup. It was not so easy, however, to overthrow or kill Saddam. His bodyguards were too good and he used doubles. Perkins draws the conclusion, based on his experience, knowledge and hard facts, that the present Iraqi war was our next step. He cites the billions of dollars in US government contracts awarded to US corporations, like the Bechtel Group Inc., and Halliburton Company’s subsidiary Kellog Brown & Root.

    The author was persuaded and even bribed to refrain from writing this book about his professional experiences. And, although he began to write on various occasions over the intervening years, he did stop. World events, such as the U.S. invasion of Panama in 1980, the first Gulf War, Somalia, and the rise of Osama bin Laden, convinced him to put his manuscript aside, again and again. Perkins stated in a recent interview with Pacifica Network’s Democracy Now program, “When 9/11 struck, I had a change of heart.” He concluded the interview by saying, “I believe the World Bank and these other institutions can be turned around….We can change that.”

    Perkins’ tale is a gripping one and the international and political intrigue involved gives the non-fiction book the feel of a suspense thriller. The narrative is very well written and fast-paced. I am only a reviewer reporting about what I read. I didn’t write the book – just the review. If you are unhappy with the author, or his point of view, please don’t blame me, the messenger. I do highly recommend “Confessions Of An Economic Hit Man.” Whether you like Mr. Perkins or not, he has some very valuable information and insights to share. One cannot help but benefit.
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    242 of 288 people found the following review helpful:
    Duh… blah blah blah… duh…, May 17, 2005
    By C. Jones “heyheyhoman” (Guam) – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    To be honest, I am only halfway through this book, but I wonder if I will ever finish it. I had high expectations of it, but I am already quite disappointed. Having personally worked on several infrastructure projects in third world companies, I came to realize that the principal beneficiaries of such transactions are the people who do the transactions. Duh…

    So I was expecting a little more depth than this particular realization from someone who worked for a shadowy consulting firm (that I have never heard of, not that it doesn’t exist) and… (pinkie in mouth a-la doctor evil)… the NSA. But no, it is all pretty predicatble (though not necessarily untrue) “America is evil” stuff you could recycle from any number of sources. Indeed, for someone who supposedly had access to the core of the US polico-economic power structure, his sources seem to consist almost entirely of popular and fairly recent mass-market books, articles from national newsmagazines, and data available on the Internet. For someone who in the 1970s was supposedly doing econometric forecasting of electricity requirements in Indonesia, I am surprised not to see data from more arcane sources.

    The fact that he wastes about 3 pages regurgitating US News and World Reports about US government connections to the Bin Laden family (it all connects to his time in Panama emphathizing with the locals in the 70s; really).

    Whatever. I really don’t feel that I will get any new insights at this point. Whatever this guy actually did in the past and feels guilty about, I guess he has come to grips in the traditional American fashion by blabbing about it to the whole world.

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    30 of 43 people found the following review helpful:
    Immoral Capitalism Is Costing Us the Republic…., February 27, 2005
    By Robert D. Steele (Oakton, VA United States) – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    Edit of 20 Dec 07 to reduce links to ten.

    This book should be read simultaneously with two others books: David Callahan’s The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead and also William Greider’s, The Soul of Capitalism: Opening Paths to a Moral Economy.

    The alter ego of this book, in this case from Latin America, is Alvaro Vargas Llosa’s “Liberty for Latin America: How to Undo Five Hundred Years of State Oppression (Independent Studies in Political Economy) As populism sweeps across Latin America, and Western corporations are expelled, as Hugo Chavez in Venezuela works to extend European concepts of Social Democracy and egalitarian distribution of wealth, this book (“Confessions”) can be said to be the equivalent of Martin Luther’s posting to the cathedral door–it outlines all the reasons why Americans–US citizens–must heal themselves and retake control over their own economy, ceasing the transfer of its plagues to others.

    At root, this book is about what we teach in our schools and practice in our daily lives: values, or a lack there-of. Together with other related books, such as Clyde Prestowitz’ Rogue Nation: American Unilateralism and the Failure of Good Intentions this book makes crystal clear the fact that we have abandoned our original morality and focus on a Republic offering hope to all mankind, and instead created an Empire, by, of, and for the 1% of the American population that is now in super-sized wealthy elite status.

    Most upper middle class and wealthy elite Americans will be made uncomfortable by this book. Having been educated by largely marginal educational systems where cheating is tolerated and rote learning pays lip service to the concept of developing independent intellects, most will find this book shocking to the point of wondering if it is false. Instead, I would join the author in suggesting that it is we who are living the lie, we who have lost faith with our Founding Fathers.

    According to the author, there is a clear and present danger to all Americans, and to the rest of the world, of continuing a system of “off the books” national security practices which revolve around “independent” corporate activities that seek to subvert and impoverish Third World nations for the enrichment of a narrow elite in America, and a narrower elite within each of the countries being targeted.

    One cannot help but be impressed by the commonality of themes between this author, and the fatwa’s of Bin Laden and the charismatic populism of Hugo Chavez. Indeed, the author goes so far as to suggest, obliquely but clearly, that Bin Laden and others who oppose US multinational imperialism are closer to the spirit of Tom Paine than those who claim to represent America. Reading Vice: Dick Cheney and the Hijacking of the American Presidency and Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It I must agree.

    What I see, having specialized in predicting revolutions many years ago, is that we have reached a tipping point. The author treats 9-11 as his own tipping point, an event that caused him to overcome a vow of silence and bring forth his story for public consumption. On a larger scale, what I see, both at home, where cheating is epidemic across all the professions and in all walks of life, and abroad, where legalized looting of countries takes place in the guide of “free trade” rather than “fair trade,” is an impending spontaneous combustion of populations and economies.

    Three side notes:

    First, the author highlights the role of the Department of Treasury as a national security and foreign affairs actor. Those who have read Sterling and Peggy Seagrave’s Gold Warriors: America’s Secret Recovery of Yamashita’s Gold will have an easier time understanding how Treasury might maintain “off the books” national security funds that can be used to corrupt foreigners and fund covert action campaigns so secret even the CIA is not privy to them-truly a form of White House influence that needs to be better understood.

    Second, the author underscores how little Americans actually know about what is going on overseas, in part because the capital city newspapers overseas, the mainstay of what the US government and US media read, ignore the provincial papers, and in part because we have no truly independent objective Open Source (Information Agency that can collect and integrate “ground truth” on behalf of the public. His depiction of the differing perspectives in Latin America-those we call terrorists consider themselves patriots fighting immoral actions to dam rivers and destroy forests as well as entire tribes-is provocative.

    Third and finally, the author illuminates the unholy alliance between corporations intend on taking over foreign territory with unexploited gold, oil, or other riches, and certain religious organizations, chief among them the mis-named Summer Institute of Linguistics (SIL), that use a variety of dirty tricks, including laxative-laden food gifts and duplicitous “land grabbing” techniques, to move tribes away from the riches and to obtain land grants under false pretenses.

    As China and India woo Latin America, along with Iran, Pakistan, and Russia, I anticipate a clear and present danger to America: our immoral carpet-bagging is setting the stage for us to be thrown out of the region, with consequences for our economy that are staggering. Morality does matter. This book drives a stake into the heart of the devil we have allowed to dominate our global relations, to pillage and loot “in our name.”

    Published since this was reviewed:
    The Battle for the Soul of Capitalism: How the Financial System Underminded Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions – and What to Do About It
    The Soul of Capitalism: Opening Paths to a Moral Economy

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    33 of 42 people found the following review helpful:
    One of the most insightful political books I’ve read! , February 24, 2005
    By Tim Johnson (Fremantle, Australia) – See all my reviews

    This review is from: Confessions of an Economic Hit Man (Hardcover)
    I just finished reading this tremendous book and I am a little shaken-Perkins has set out a vision of how the world works that is staggering, even for somebody like me who looks under the carpet of contemporary events. I have made it my business over these past years to attempt to come to grips with the world we live in and most importantly to try to see how the world picture is put together-how does the world work; what makes it work; who is pulling the strings of this planet at the turn of the third millenniun.

    As opposed to previous commentators I take all that Perkins has written at face value. I don’t think he is a mad conspiricist; I don’t think he is an embittered man who is raging because of missed promotions; I don’t think his story is fiction and I don’t think that he was low on the totem pole of power and really had no clear picture of all that was taking place. All of these accusations against his book have been cited as reasons for discounting what Perkins writes and I believe those conclusions are ludicrous.

    I virtually used up a marker underlining passages from this powerful book. Perkins admits early on page 15 that his job was to convince developing countries that they could afford the massive debt burden needed to buy the infrastructure for their economic expansion. I could never understand why developing countries put themselves into such massive debt-debt so large that they could never pay it off. Countries are not stupid-they would not do something so heinious to their people’s future. Now I see why it happened-Economic Hit Men [EHM] like Perkins cooked the books. They were trusted to provide accurate economic forcasts for those countrie’s future expansion and the Empire then ensnared them because of this false data. These countries will never pay off this monstrous debt. As perkins points out-they are not supposed to pay it off because that indebtedness is what binds them to the Empire.

    Perkins writes about those leaders who have recognised the ploy and refused to play the Empire’s game: Arbenez in Guatemala, Mossadegh in Iran, Allende in Chile and Torrijos in Panama. As Perkins writes, if the EHM can’t pursuade you, then the Jackels move in to eliminate you and if that fails then invasion happens. The pattern is all too obvious in our contemporary world.

    If you read no other book for the remainder of your life, read this one. Every person alive deserves to know what is happening.

  16. dog-bite-yah

    Sorry BFP, but in my zest to bite A-$ I gave credit to the incorrect blog earlier. But all in d family.
    ************

    Hi DBY,

    No apology necessary. If BFP doesn’t kick some butt one day, then BU will the next and so on.

    I wonder if the two groups could ever come together for a beer some day?

  17. Fool me Once

    Oil has the ultimate power to corrupt. Either the govt is going to control this and be transparent starting right now or it will be out of control in no time.

    And if they find oil then the govt cronies get richer and the rest of us get poorer.

    That is the way it has always been and to think Barbados would not go that way is foolhardy.

  18. Sargeant

    Thistle

    Oh, BFP, I know you are anything but stupid, so surely you know that is one and the same person (along with Sargeant). I think most people know that.

    I guess I should feel complimented “Green Monkey” posts some excellent comments, but let me reassure you that you are sadly mistaken. Now “Eagle Eye” has joined him, seems like conspiracy theories exist everywhere.

  19. Thistle

    No conspiracy, Sgt. Green Monkey/No Name, just the truth. I told you a long time ago that you cannot fool me, and you chose to become vulgar and abusive. Remember the DLP blog? I’ll say no more.
    Subject closed. Hasta la vista.
    Yours faithfully,
    The Lieutenant

  20. Sargeant

    Thistle

    I don’t want to prolong this but …. what the heck are you referring to? Green Monkey and No Name can defend themselves but I have never posted on the DLP blog or used inappropriate language in my submissions on BFP or more recently BU.

    It would be useful if you would provide examples instead of snide references to supposedly vulgar and abusive posts.

  21. John

    On the human side, China suffered a horrible disaster in the recent earthquake. More than 50,000 dead.

    What appears to be happening in China after the earthquake is that the hydro power generating capacity has also received a blow.

    Dams are cracked. Assessments need to be made. Here is a link to one claim of just how much hdro power generating capacity has been lost.

    http://web.hermesemessenger2.com/tfg/public/Update_Links.asp?EmailAddress=dahebert@cox.net&ScheduleID=1146&IssueID=287&FileName=http://web.hermesemessenger2.com/tfg/public/newsletters/present/ISSUE287/article835.html&ArticleID=835

    The entire genearting capacity of BL&P according to their 2004 report was 237.5Kilo watts. The claim of 5.5 Gigawatts lost in China in the immediate aftermath of the quake is more that 22 times the BL&P Capacity.

    What must be worrying is that the cracked dams need to be assessed and it is possible that the output will be reduced.

    On top of this, the Three Gorges Dam has to be of concern. Some experts say it was not impacted others claim it to be a possible cause of the increase in seismicity, Google Probe International.

    How will China replace lost generation capacity on this scale?

    It is possible that demand for oil will rise, which is not good news for the world.

    Then again, the cost of doing business in China may rise and its competitive advantage may be eroded.

    Interesting times ahead.

  22. Thistle

    Read my lips – I will repeat: subject closed. Hasta la vista.

  23. Inkwell

    Hey, I made a Freudian slip in my post above when I wrote:
    “another instance of American hypocracy in supporting tyrants when it suited its purpose”

    The correct word is of course “hypocrisy”.

    But it’s all good as there are some very relevant and amusing definitions of “hypocracy” for those who are into the art of word usage:

    Hypocracy is what Democracy turns into when all of the politicians in your country are liars, and we know that all politicians are liars… no ministerial code, no transparency, no ITAL.

    A Hypocracy is also a democracy governed by hypocrites (you win an election by accusing the government of corruption and then you refuse to enect the legislation to prevent corruption)

    Having noted the above criteria, I conclude that the Barbados political system is a hypocracy. Q.E.D.

  24. Jerome Hinds

    A Hypocracy is also a democracy governed by hypocrites (you win an election by accusing the government of corruption and then you refuse to enect the legislation to prevent corruption)

    ************************************************

    Inkwell

    Please use your ink well !

    It is not accusation of CORRUPTION !!!

    It is PROVEN……….CORRUPTION !!!!

    Use you pen to tell us about :

    * The Oistins Bay Garden re-development project !

    * The Speightstown fish market refurbishment !

    * The Palmetto Square Reliance Mall !

    A good point of REFERENCE……the Auditor General’s 2007 report !

    Read it then use you INK to tell us whether these are ACCUSATIONS or PROOF !

    The legislation is coming…….I really hope you like the RESULTS !

    Dodds have the ROOM !

  25. Green Monkey

    Sergeant replying to Thistle said:

    I guess I should feel complimented “Green Monkey” posts some excellent comments, but let me reassure you that you are sadly mistaken. Now “Eagle Eye” has joined him, seems like conspiracy theories exist everywhere.

    Well thanks for the compliment Sergeant, and you’re right, “conspiracy theories exist everywhere”. I need hardly point out that BFP itself frequently posts conspiracy theories as they pertain to Bajan politicians conspiring with each other and with their cronies to rip off Bajan taxpayers. For my part, I just broaden the discussion to include the consideration of what some call “conspiracy theories” regarding events taking place outside the narrow confines of Barbados. And note that mainstream media and politicians labeling an idea or a theory a “conspiracy theory” is a sure fire method used for shutting down legitimate debate on the topic. The label itself automatically carries the implication that the person putting forward the “conspiracy theory” for examination is of the same ilk as those who believe Elvis didn’t die but was kidnapped by aliens in a space ship and taking to live on Pluto.

    See this article at http://www.onlinejournal.com :

    See no Evil

    By David Cogswell
    Online Journal Contributing Writer

    Feb 27, 2008, 00:53

    I recently had a conversation with a person I’ll just call “a successful writer,” and when I mentioned an idea that he classified as “conspiracy theory” he said this: “The trouble with conspiracy theories is that they really take a toll on readership. Many people write you off as a conspiracy nut and the result is that you don’t get to have your voice in the mainstream dialogue.”

    Now that gave me pause. It was a slap in the face that forced me to confront the question: Why write? I had to consider the question of whether I want to participate in a dialogue in which one must wear blinders and observe strict boundaries to the free flow of logical discourse or thought. Must I stymie the flow of rational thought whenever I reach a point deemed unacceptable by the establishment? Let’s be clear with our terms. The term “conspiracy theory” is not a literal description, it’s a label for ideas that cross certain borders, in particular, ideas that suggest abuses of power and illegal activity by people in high places. Conspiracy theory is the label for forbidden thought. The problem with “going there” is not just that one can be proven wrong. It is that it is forbidden to even think about it or discuss it. If one disobeys, one is exiled from the community.

    The fact that the term “conspiracy theory” has no literal meaning is one of the many things that was firmly established by the events of 9/11. The official explanation of events of that day is unequivocably a theory of conspiracy. It’s the ultimate conspiracy theory for the world’s most spectacular crime, but it’s not called a conspiracy theory. That term is reserved for any ideas that contradict the official story. This is a very important point. Conspiracy theories are not about conspiracies, they are about forbidden thought. (my emphasis /GM) The label “conspiracy theory” is a stop sign on the avenues of rational thought and inquiry. It says, “Stop here. Entrance forbidden.”

    When one reaches the stop sign, one must turn around, one must find another way, must bend the very laws of physics if that is what it takes, or throw them out altogether in order to avoid following a certain train of thought to its logical conclusion. In 2008 the abuses and outrages of the American political system have ballooned to such monstrous proportions, that there is very little room to think at all if one wishes to remain respectable. That’s why the noise from the official media propaganda system is so overwhelmingly loud. The box that we are forced to contain our thoughts within is getting so small there is barely enough room within it to scratch one’s nose.

    http://onlinejournal.com/artman/publish/article_3001.shtml

    And just for the record and for what it is worth, I have never posted on the DLP web site and I have never been banned for swearing on BFP.

  26. Inkwell

    Jerome,

    I doubt very much that any politician from the previous administration will end up at Dodds as a result of any accusation of fraud.

    You see, the present administration will be afraid to do that because they know that their turn will come, be it in 5, 10, 0r however many years. All the lawyers are first and foremost a brotherhood and none will do anything to hurt the other. Case in point, the lawyer who stole $130,000 of his client’s money and only got a suspension from practice. The non lawyers in Parliament have immunity through association.

    If you think that any one of them will go to jail, you are surely deluding yourself, certainly you aren’t deluding me.

    However, I would be happy to make a meal of my words if the unthinkable happens.

    *************

    BFP says

    Well said, Inkwell.

    The best that the Thompson administration will do is to throw some mud… but arrest people? Put them in jail? Thompson doesn’t have the courage or leadership to change our society that much.

    And there should be no doubt: five or six people in jail for corruption would fundamentally change our society. People would actually start to believe that there was RULE OF LAW for all.

    Hardwood Housing is NOTHING compared with the new jail or Kensington Oval or GEMS.

    But you won’t see anyone going to jail, nor will you see the DLP implementing ITAL. They are in their sixth month in office and it isn’t going to happen.

  27. Straight talk

    Green Monkey:

    I’m pleasantly surprised your sensible, logical and thought provoking post passed the BFP moderation.

    Thought police belong in 1984.

  28. Wishing in Vain

    I find that you are an amazing lot or is it that you are hoping and praying like the rest of us that by saying that they will not send one or two of them to Dodds maybe the motivation to make sure that they do indeed do so ???

    You will also be surprised to know just how far some investigations have proceeded and the advice given to the administration by leading lawyers as to what should happen next, how can you not charge persons for collecting money to build and repair houses and nothing is done to the house nor is one built.

    We should not overlook the person for signing off on a multi million dollar overrun only because the person running the program has trucks working on the project and a girlfriend working in the accounts department of the same department of Gov’t.

    The Urban Commission was a den of theft starting at the officers in the office right thru to the Chairman and Director where the awarding of contracts started at a price tag of $ 1,000.00 and up the 1, 2 , 3 men as they were called.

    Can we turn a blind eye to Booza employed by the NSC and also running a catering business and then has the gall to charge the NSC the huge sum of $ 40,000.00 to provide less than a 100 dinners for an event.

    How can you overlook Peter Odle being given the contract for Sherbourne and where he is allowed to cater for all his private catering events for Island Caterers islandcaterers@caribsurf.com out of the operation of the Gov’t at Sherbourne.

    Or the scam that Nicholls, PETER HARRIS and OWING worked on us to approve the importation of 2,500 SLOT MACHINES that are now being littered all around this island affecting the poorer classes on this island that can least afford another hit.
    I can assure those doubting ones to rest assured that you will see persons going before the court system for theft against the taxpayers.

    This is not business as usual it is far from that program with the likes of Mascot, Owing, Bannister, Shorey, Wilkinson, Cox and Nicholls being put under the microscope.

  29. Hants

    From the Nation.

    “Money paid but no house built.”

    Is this how we treat our people?

    BFP it is funny how this stories of thievery are now “popping up” in the mainstream media.
    I guess dey aint friten nuh mo. Owing gone.

    ***************

    BFP says,

    Hi Hants,

    Yes, I’m working on that story now. Frankly, it is only one of a thousand stories that could have been told. Shameful for the media that it is only being told after four years. Shameful.

  30. Wishing in Vain

    In the real world the likes of the local newspapers are being found out to be the rags of the BLP after some months in office the message is getting clearer that the real news is being carried on BFP and BU and no longer can they hide the error of the ways of the errant BLP and say all was well with Owing and his clan of crooks.

  31. Wishing in Vain

    sorry about the repeat posting

  32. John

    Found this article in the LA Times about the dams in China after the earthquake.

    http://www.latimes.com/news/nationworld/world/la-fg-dams28-2008may28,0,6915875.story