Thread by @Stay_Hidden0

Kenya DEBT-TRAP 🧵

Are the "Bretton Woods Institutions" more POWERFUL than the Kenyan GOV?

Learn how they FORCE other developing nations' presidents into taking Odious Debt.

[Plata O Plomo]

If the President rejects...

Either Overthrown in coups or Killed👇👇

International Monetary Fund (IMF):

Role: The IMF aims to promote international monetary cooperation, facilitate international trade, promote sustainable economic growth, and reduce poverty worldwide.

Headquarters: Washington, D.C., United States.

World Bank Group:

Role: Provides financial and technical aid to developing countries for development programs & other infrastructure projects expected to improve the economic prospects and quality of life for people in those countries.

HQ: Washington, D.C., United States.

MUST READ Book

First-hand Experience of John Perkins:
I've stood in front of the Shah of Iran,
the presidents of Indonesia, Ecuador, Panama,
the Royal House of Saudi Arabia,
and I've said...

In this hand, I have millions of dollars
for you and your friends if you play our game.

Economic hitmen are highly paid professionals who convince leaders of developing countries to accept substantial loans for infrastructure projects. These loans are sourced from institutions like the World Bank and designed to benefit contracted U.S. corporations.

The catch is that these countries often end up in crippling debt, which forces them to acquiesce to political pressure from the U.S., granting access to natural resources, military bases, or favorable voting in international organizations.

Be HIGHLY OBSERVANT

1. These LOANS are NOT designed to be repaid
2. These LOANS are designed to be ODIOUS

3. These LOANS benefit US/UK Industries because they are DESIGNED we DEFAULT on them, so their companies can extract your RESOURCES cheaply & bring MILITARY bases in.

Observe PATTERNS & TRENDS

IMF and World Bank Headquarters:

IMF (International Monetary Fund): Washington, D.C., United States
World Bank: Washington, D.C., United States

World Bank:

Appointment:
The President of the World Bank is selected by the Bank's Board of Executive Directors (technically the POTUS or POTUS-affiliated).

Traditionally, the President has been a U.S. citizen.

IMF:

Appointment:
The IMF's Executive Board appoints the Managing Director.

Traditionally, the Managing Director has been a European, reflecting a long-standing informal agreement between Europe and the United States, which appoints the head of the World Bank.

Even the African Development Bank is now compromised with the same Economic Hitment tactics

Credentials and Insider Perspective

Author: John Perkins, a former economic consultant.

Insider Knowledge:
Direct involvement in international predatory capitalism for the WB & IMF.

Viability:
Matches documented cases of economic coercion and political interference.

Mechanisms of Economic Hitmen

1. Research resources in developing nations that benefit the US (Perkin's specific role).
2. Identify development projects they MIGHT need
3. Develop a loan product to finance that development project
4. Presentation & Convincing the President...👇

4. Presentation & (Forcing) the President to take the LOAN

Conduct a viability study in the target nation, and the study MUST include:

A. Inflated economic forecasts
B. Exeggarted promises of prosperity
C. The President's family & friends' businesses MUST get contracts

However, these LOANS are "Plata O Plomo"

>>> Benefit Odious Debt and Be Richer with your family & friends

OR

>>> Political threats and destabilization
>>> Coups and assassinations

Early 1970s:

John Perkins worked for MAIN, an international consulting firm.
Referral: From NSA to the engineering consulting firm Chas. T. Main in Boston

Project:
Develop an economic forecast to justify World Bank loans.

Perkin's 1st Assignment: Indonesia
Timeframe: Early 1970s
Employer: MAIN (consulting firm)
Role: Economic hitman
Mission: Create economic forecasts to justify large loans

Economic Forecasts:

Overestimated growth rates to justify loans.
Loans were for infrastructure projects like power plants, highways, and industrial parks.

Loan Conditions:

Projects to be contracted to U.S. firms.
Debt burden meant Indonesia had to comply with U.S. demands.

Indosea President Accepted LOAN

President Suharto, the dictatorial winner of the civil war, supported the projects and sought protection from the CIA and Pentagon.

The successful LOAN acceptance by the President led to John Perkin's promotion from economist to CHIEF economist.

Impacts

Indonesia's foreign debt grew from $2.4 billion in 1970 to $13.7 billion in 1980.
By the early 1980s, Indonesia was spending 20-25% of its export earnings on debt repayment.

Subsequent Assignments

Operation Condor:

A CIA program designed to support right-wing dictatorships across Latin America, including Brazil, Argentina, and Chile.

Some accepted;

Those who denied👇👇

Overthrows and assassinations acknowledged in CIA Declassified documents:

In 1953, the CIA and MI6 orchestrated a coup d'état to overthrow Iran's democratically elected Prime Minister, Mohammad Mosaddegh.

Operation Ajax

Mosaddegh had nationalized Iran's oil industry, previously under British control. The coup restored Shah Mohammad Reza Pahlavi to power, who had fled the country earlier in the year.
The primary motive was to safeguard Western oil interests and prevent the spread of communism.

The Chilean military in 1973, supported by the CIA, overthrew President Salvador Allende, who died during the coup, bringing General Augusto Pinochet to power.

Why: Opposed Allende's socialist policies and feared communist influence in Latin America.

In 1954, the CIA orchestrated a coup in Guatemala, overthrowing President Jacobo Árbenz due to his agrarian reforms, which threatened American business interests.

Why: Concerned about communist influence and protecting American corporate interests.

In 1963, a CIA-supported coup assassinated South Vietnam's President Ngô Đình Diệm due to his autocratic rule and handling of domestic crises.

Why: The U.S. sought a change in leadership to combat communist insurgency during the Vietnam War better.

In 1961, Prime Minister Patrice Lumumba, advocating for Congolese independence, was assassinated amid political turmoil and foreign interference.

Why: Lumumba's Pan-Africanist stance threatened Western influence in the region, particularly Belgian and American interests.

Presidents who REJECTED World Bank Debt (Operation CONDOR) K***ED

Ecuador
Leader: Jaime Roldós
Advocating for Ecuador's control over its resources.

Panama
Leader: Omar Torrijos
Nationalistic leaders opposed U.S. control.

Both seen as a threat to U.S. economic dominance.

Jaime Roldós (Ecuador)

President from 1979 until he died in 1981.

Opposed U.S. economic policies that aimed to exploit Ecuador's resources, particularly in the oil sector.

Advocated for Ecuadorian sovereignty and national development, which conflicted with American interests.

Omar Torrijos (Panama):

Ruled as de facto leader from 1968 until his death in 1981.
Criticized U.S. hegemony in Panama and the broader region.
Negotiated the Panama Canal Treaties, which aimed to transfer canal control to Panama, challenging American control.

Both opposed U.S.-backed operations like Operation Condor, which sought to suppress dissent and opposition in Latin America.

Both died in plane crashes.
John Perkins, "In plane crashes, the smoking gun always goes up in flames" NO EVIDENCE.

AFRICAN Presidents, when presented with IMF & World Bank Loans

1. Your businesses will benefit from OVERPRICED contracts.
2. Open offshore accounts for you
3. Backing for re-election
4. Your kids will get sponsorship to The Ivy League universities

"Your" (Inc. family & friends)

IMF & World Bank HITMEN LOANS TRENDS

Loans tied to infrastructure projects (dams, power plants, highways).
Countries pledge valuable natural resources (oil & minerals) as collateral.
Repayment plans are based on future government revenues, including taxes and export earnings.

Loans often come with high-interest rates, leading to significant debt accumulation.
High debt service obligations limit funds available for social programs and development.
Leads to long-term economic dependency.

If you REJECT LOANS, JACKALS act

Jackals represent the coercive arm of economic hitmen.
They act when economic persuasion fails.

Methods:

Assassinations, coups, destabilization (Look Examples) 👆👆🧵

MUST READ Books on IMF & World Bank Debt Trap Tactics
1. "Dead Aid" by Dambisa Moyo
2. "Why Africa is Poor" by Greg Mills
3. "Bad Samaritans" by Ha-Joon Chang

AFRICA is NOT POOR; it is NECOLONIALISM.

"Dead Aid" by Dambisa Moyo

Critique of Foreign Aid:
Aid has not alleviated poverty in Africa.
Aaid fosters dependency, corruption, and hinders economic growth.

Economic Solutions:
Advocates for market-based solutions.
Promotes trade, investment, and entrepreneurship over aid.

"Why Africa is Poor" by Greg Mills

Compares successful and unsuccessful policies within Africa and other developing regions.
Attributes Africa’s poverty to poor governance and policy choices.
Recommends focusing on education, infrastructure, and healthcare.

"Bad Samaritans" by Ha-Joon Chang

Provides historical examples of how developed countries achieved economic success.
Challenges the idea that free markets and free trade alone lead to economic development.
Emphasizes the role of government intervention in economic growth.