Brasscheck TV: Resource extraction 101
 
Date: Wed, 14 May 2008 21:56:07 -0500 (CDT)


Yesterday's video "Economic Hitman"
showed how the banking system is
designed to bankrupt borrower nations.

The long term goal is to extract
resources as super low prices and
to limit progressive poltical
ideas.  

The method is simple: 

1. make an impossible-to-pay-back loan;
2. negotiate collateral far in excess of 
the loan's value;
and 
3. collect 

The system works that much better
when it's backed up with the
capacity for overwhelming
violence. 

Michael Parenti talks about the
history and reality of so-called
Third World "underdevelopment" 
and points out that Americans are 
next on the agenda:

http://www.brasschecktv.com/page/318.html

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