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Fight For Ghana's Oil: Exxon vs China

Comment: ILL FOR OUR POLICY MAKERS ^

Author:
Cantankerous
Date:
2009-10-13 09:44:31
Comment to:
Fight For Ghana's Oil: Exxon vs China


The use of Morgan Stanley as advisers is an ominous sign.
China is a safer bet.I suspect a great many Ghanaians including myself are not particularly fond of the Chinese who often come across as crude and uncouth( I hope they are listening)but right now THE NEEDS OF CHINA COMPLEMENT THOSE OF AFRICA AND GHANA IN PARTICULAR. WHAT DO I MEAN? CHINA IS HUNGRY FOR RAW MATERIALS BECAUSE OF THEIR EXPLOSIVE RATE OF GROWTH.THE NEED EVERYTHING NOT JUST OIL.THEY ARE ROAMING THE WORLD LOOKING FOR OIL, MINERALS ,AGRICULTURAL PRODUCE ETC. A STRONG POINT IN THEIR FAVOUR IS THEIR WILLINGNESS TO HELP HOST COUNTRIES BUILD AND DEVELOP THEIR INFRASTRUCTURE (AN ABSOLUTE REQUIREMENT FOR A NATIONS GROWTH ). IN CONTRAST THE AMERICANS WHO HAVE HAD A MUCH LONGER RELATIONSHIP WITH GHANA AND AFRICA HAVE NOTHING TO SHOW IN TERMS OF INFRASTRUCTURE DEVELOPMENT.IN THE LAST 5 YEARS CHINA HAS PROBABLY DONE MORE FOR AFRICA'S INFRASTRUCTURE THAN AMERICA. IN FACT ONE COULD ARGUE THAT THE USA'S HABIT OF DOLING OUT MEAGRE AID TO AFRICA HAS ONLY MADE US MORE DEPENDENT ON THEM.BY THE WAY OBAMA'S VISIT AND EVEN PERSONAL CHARM SHOULD NOT IN ANYWAY INFLUENCE THE DECISION OF OUR POLICY MAKERS.IN 3-8 YEARS HE WILL BE GONE FROM THE WHITE HOUSE.GHANA'S NEEDS COME FIRST.

I STARTED BY SAYING MORGAN STANLEY'S INVOLVEMENT IS AN OMINOUS SIGN. HERE IS WHY: ***Please patiently read the following about the MUST READ BOOK FOR ALL AFRICAN GOVERNMENT POLICY MAKERS "THE CONFESSIONS OF AN ECONOMIC HIT MAN"_____

Perkins began writing Confessions of an Economic Hit Man in the 1980s. In the book, he states that, "Threats or bribes always convinced me to stop".
"Covertly recruited by the United States National Security Agency and on the payroll of an international consulting firm, he traveled the world—to Indonesia, Panama, Ecuador, Colombia, Saudi Arabia, Iran and other strategically important countries...Perkins reveals the hidden mechanics of imperial control behind some of the most dramatic events in recent history, such as the fall of the Shah of Iran, the death of Panamanian president Omar Torrijos, and the U.S. invasions of Panama and Iraq."[2]
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with huge debts they could not hope to pay, these countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly-paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to sell their health, education, electric, water and other public services to corporations. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.

"I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation’s largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh’s government who was Time‘s magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn’t have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.[3] - Nov 4 '04 interview

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10-12 18:21
 
 
 
ILL FOR OUR POLICY MAKERS ^
Cantankerous
10-13 09:44