Perkins’ central assertion was that the independent
company for which he worked, Chas T. Maine Inc.
was a proponent of economic empire involving
the World Bank and the IMF, used to convince
developing nations to take on loans that they could
not afford to service, in order to benefit US business
interests in the developing world.
Perkins outlined the modus operandi of the coconspirators; Maine would secure a contract to advise
governments in the developing world as to how best
to modernize their infrastructure.
In his capacity as a consultant and advisor on the
national development programmes, Perkins then
befriended the head of state of the country. As
an “Economic Hitman”, Perkins would promote
development plans that exaggerated the benefits to
the populace at large. The ulterior motive was to get
the sovereign state to borrow money from the World
Bank in order to develop infrastructure that was less
than critical.
The economics of the plans themselves were
designed so that timely repayment of the loans
would become a mathematical impossibility, thus
necessitating the IMF to enter the country and
impose an austerity programme under which the
people suffered and the country’s natural resources
were sold to the US at knock-down prices.
According to Perkins, the initial loans by the
World Bank were never even given to the sovereign
governments, but were transferred directly to the
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