Liberty Minute June 25 2013

In his memoir Confessions of an Economic Hit Man, former  US intelligence asset John Perkins describedhow he and fellow ?Economic Hit Men? were used by Washington in a global loan-sharking scheme. 

His job was to induce leaders of Third World countries to take out huge development loans from the World Bank. This would mean that ?the debtor is forced to default on its payments after a few years.? But this is the desired outcome. Rather than having the loans paid in full, Washington and its Power Elite allies sought payment in the form of ?control over United Nations votes, the installation of military bases, or access to precious resources.?

What happens to a debt-ravaged country that refuses to play along? The case of Yemen is instructive. In 1991, Yemen refused to vote in the UN in favor of the first Iraq War. Washington retaliated by cutting of all financial aid. Saudi Arabia expelled about a million Yemeni workers whose remittances were vital to the country?s economy. Yemen, which had barely become unified, descended into civil war and dictatorship. Today Yemen is ruled by a compliant puppet dictator who eagerly supports Washington?s drone warfare campaign against his subjects.

Such are the ways of empire.

Let us take back the liberty wherewith Christ has made us free.