Confessions of an Economic Hit Man

His job was to convince countries that are strategically important to the United States to accept enormous loans for infrastructure development and to make sure that the lucrative projects were contracted to US corporations.

These countries could not handle the debt of these loans and their poorest citizens are deprived of health, education, and opportunuty for several decades while corporations and political insiders involved with the expensive projects become extremely wealthy.

Due to the large debts, which were often owed to USAID, IMF, or the World Bank, the US is able to draw on these countries for political, economic and military favors whenever desired.

This is the reason there was a violent coup in Ukraine shortly after Yanukovich rejected an IMF loan.