How the World Bank and IMF are
Destroying the Global Economy.

"Earth Shattering" World Bank Scoop

http://www.scoop.co.nz/mason/stories/HL0203/S00044.htm

Transcript of Interview of Greg Palast, Journalist for BBC and Observer,
London, by Alex Jones

Alex Jones Radio Show, Monday (PM), March 4, 2002

***********
AJ: This is earth shattering. Can you break it down for us and tell us what
the economists have done?

GP: Well, I'll tell you two things. One, I spoke to the former chief
economist, Joe Stiglitz who was fired by the (World) Bank. So I, on BBC and
with Guardian, basically spent some time debriefing him. It was like one of
the scenes out of Mission Impossible, you know where the guy comes over
from the other side and you spend hours debriefing him. So I got the
insight of what was happening at the World Bank. In addition, he did not
brief me but I got some other sources. He would not give me inside
documents but other people handed me a giant stash of secret documents from
the World Bank and the International Monetary Fund.

AJ: So to insulate himself, somebody else did it.

GP: No, I'm telling you. He wouldn't touch it but I really did get from
completely independent sources a big stack of documents.

AJ: Just like you got W199I, from the same folks we got it from.

GP: And so one of the things that is happening is that, in fact, I was
supposed to be on CNN with the head of the World Bank Jim Wolfensen
and he said he would not appear on CNN ever if they put me on. And so
CNN did the craziest thing and pulled me off.

AJ: So now they are threatening total boycott.

GP: Yea right. So what we found was this. We found inside these documents
that basically they required nations to sign secret agreements, in which
they agreed to sell off their key assets, in which they agreed to take
economic steps which are really devastating to the nations involved and if
they didn't agree to these steps, there was an average for each nation that
signed one-hundred and eleven items that they are required to sign on to.
If they didn't follow those steps they would be cut-off from all
international borrowing. You can't borrow any money in the international
marketplace. No one can survive without borrowing, whether you are people
or corporations or countries - without borrowing some money and having some
credit and ...

AJ: Because of the debt inflation pit they've created.

GP: Yea, well, see one of the things that happened is that - we've got
examples from, I've got inside documents recently from Argentina, the
secret Argentine plan. This is signed by Jim Wolfensen, the president of
the World Bank. By the way, just so you know, they are really upset with me
that I've got the documents, but they have not challenged the authenticity
of the documents. First, they did. First they said those documents don't
exist. I actually showed them on television. And cite some on the web, I
actually have copies of some...

AJ: Greg Palast dot com?

GP: Yea, gregpalast.com. So then they backed off and said yea those
documents are authentic but we are not going to discuss them with you and
we are going to keep you off the air anyway. So, that's that. But what they
were saying is look, you take a country like Argentina, which is, you know,
in flames now. And it has had five presidents in five weeks because their
economy is completely destroyed.

AJ: Isn't it six now?

GP: Yea, it's like the weekly president because they can't hold the nation
together. And this happened because they started out in the end of the 80s
with orders from the IMF and World Bank to sell-off all their assets,
public assets. I mean, things we wouldn't think of doing in the US, like
selling off their water system.

AJ: So they tax the people. They create big government and big government
hands it off to the private IMF/World Bank. And when we get back, I want to
get to the four-parts that you elegantly lay out here where they actually
pay off the politicians billions to their Swiss bank accounts to do this
transfer.

GP: That's right.

AJ: This is like one of the biggest stories ever, Sir. I'm sorry, please
continue.

GP: So what's happening is - this is just one of them. And by the way, it's
not just anyone who gets a piece of the action. The water system of Buenos
Aires was sold off for a song to a company called Enron. A pipeline was
sold off, that runs between Argentina and Chile, was sold off to a company
called Enron.

AJ: And then the globalists blow out the Enron after transferring the
assets to another dummy corporation and then they just roll the theft items
off.

GP: You've got it. And by the way, you know why they moved the pipeline to
Enron is that they got a call from somebody named George W. Bush in 1988.

AJ: Unbelievable, Sir. Stay right there. We are talking to Greg Palast.

BREAK

AJ: We are talking to Greg Palast. He is an award-winning journalist, an
American who has worked for the BBC, London Guardian, you name it, who has
dropped just a massive bomb-shell on the Globalists and their criminal
activity. There is no other word for it. You link through at inforwars.com,
you can link to his web site - gregpalast.com, or any of the other great
reports he has been putting out. He now has the secret documents. We have
seen the activity of the IMF/World Bank for years. They come in, pay off
politicians to transfer the water systems, the railways, the telephone
companies, the nationalized oil companies, gas stations - they then hand it
over to them for nothing. The Globalists pay them off individually,
billions a piece in Swiss bank accounts. And the plan is total slavery for
the entire population. Of course, Enron, as we told you was a dummy
corporation for money laundering, drug money, you name it, from the other
reporters we have had on. It's just incredibly massive and hard to believe.
But it is actually happening. Greg Palast has now broken the story
world-wide. He has actually interviewed the former top World Bank
economist. Continuing Sir with all these points. I mean for the average
person out there, in a nutshell, what is the system you are exposing?

GP: We are exposing that they are systematically tearing nations apart,
whether it's Ecuador or Argentina. The problem is some of these bad ideas
are drifting back into the U.S. In other words, they have run out of places
to bleed. And the problem is, this is the chief economist, this is not some
minor guy. By the way, a couple of months ago, after he was fired, he was
given the Nobel Prize in Economics. So he is no fool. He told me, he went
into countries where they were talking about privatizing and selling off
these assets. And basically, they knew, they literally knew and turned the
other way when it was understood that leaders of these countries and the
chief ministers would salt away hundreds of millions of dollars.

AJ: But it's not even privatization. They just steal it from the people and
hand it over to the IMF/World Bank.

GP: They hand it over, generally to the cronies, like Citibank was very big
and grabbed half the Argentine banks. You've got British Petroleum grabbing
pipelines in Ecuador. I mentioned Enron grabbing water systems all over the
place. And the problem is that they are destroying these systems as well.
You can't even get drinking water in Buenos Aires. I mean it is not just a
question of the theft. You can't turn on the tap. It is more than someone
getting rich at the public expense.

AJ: And the IMF just got handed the Great Lakes. They have the sole control
over the water supply now. That's been in the Chicago Tribune.

GP: Well the problem that we have is - look, the IMF and the World Bank is
51% owned by the United States Treasury. So the question becomes, what are
we getting for the money that we put into there? And it looks like we are
getting mayhem in several nations. Indonesia is in flames. He was telling
me, the Chief Economist, Stiglitz, was telling me that he started
questioning what was happening. You know, everywhere we go, every country
we end up meddling in, we destroy their economy and they end up in flames.
And he was saying that he questioned this and he got fired for it. But he
was saying that they even kind of plan in the riots. They know that when
they squeeze a country and destroy its economy, you are going to get riots
in the streets. And they say, well that's the IMF riot. In other words,
because you have riot, you lose. All the capital runs away from your
country and that gives the opportunity for the IMF to then add more conditions.

AJ: And that makes them even more desperate. So it is really an imperial
economy war to implode countries and now they are doing it here with Enron.
They are getting so greedy - they are preparing it for this country.

GP: I've just been talking to, out in California just yesterday, from here
in Paris, the chief investigators of Enron for the State of California.
They are telling me some of the games these guys are playing. No one is
watching that. It's not just the stockholders that got ripped off. They
sucked millions, billions of dollars out of the public pocket in Texas and
California in particular.

AJ: Where are the assets? See, everybody says there are no assets left
since Enron was a dummy corporation - from the experts I've had on and they
transferred all those assets to other corporations and banks.

GP: Well yea, this stuff has really gone just like a three-card Monty game.
I mean remember that there is money at the bottom. You did pay California's
electric bills according to the investigations, they are telling me that
they were pumped up unnecessarily by 9 to 12 billion dollars. And I don't
know who they are going to get it back from now.

AJ: Well they actually caught the Governor buying it for $137 per megawatt
and selling it back to Enron for $1 per megawatt and doing it over and over
and over again.

GP: Yea, the system has gotten completely out of control and these guys
knew exactly what was happening. Well, you have to understand that some of
the guys who designed the system in California for deregulation then went
to work for Enron right after. In fact, here I'm in London right now and we
have, the British has some responsibility here. The guy who was on the
audit committee of Enron, Lord Wakeham. And this guy is a real piece of
work, there isn't a conflict of interest that he hasn't been involved in.

AJ: And he is the head of NM Rothschild.

GP: There isn't anything that he doesn't have his fingers in. He's on
something like fifty Boards. And one of the problems, he was supposed to be
head of the audit committee watching how Enron kept the books. And in fact,
they were paying him consulting fees on the side. He was in Margaret
Thatcher's government and he's the one who authorized Enron to come into
Britain and take over power plants here in Britain. And they owned a water
system in the middle of England. This is what this guy approved and then
they gave him a job on the board. And on top of being on the board, they
gave him a huge consulting contract. So you know, this guy was supposed to
be in charge of the audit committee to see how they were handling their
accounts.

AJ: Well, he is also the head of the board to regulate the media.

GP: Yes, he is, because I have run into real problems, because he regulates me.

AJ: They are also trying to pass laws in England where you've got an
800-year old well, or in some cases a 2000-year old well that the Romans
built that's on your property and they say we are putting a meter on it.
You can't have your own water.

GP: Yea, and that's Lord Wakeham. I mean this is the guy from Enron. He is
a real piece of work. He can't be touched here because like I say he
actually regulates the media. So if you complain, he's got his hand on your
pen.

AJ: Burrow into NM Rothschild, you'll find it all there. Go through these
four points. I mean you've got the documents. The IMF/World Bank implosion,
four points, how they bring down a country and destroy the resources of the
people.

GP: Right. First you open up the capital markets. That is, you sell off
your local banks to foreign banks. Then you go to what's called
market-based pricing. That's the stuff like in California where everything
is free market and you end up with water bills - we can't even imagine
selling off water companies in the United States of America. But imagine if
a private company like Enron owned your water. So then the prices go
through the roof. Then open up your borders to trade - complete free
marketeering. And Stiglitz who was the chief economist, remember he was
running this system, he was their numbers man and he was saying it was like
the opium wars. He said this isn't free trade; this is coercion trade. This
is war. They are taking apart economies through this.

AJ: Well look, China has a 40% tariff on us, we have a 2% on them. That's
not free and fair trade. It's to force all industry to a country that the
globalists fully control.

GP: Well, you know Walmart - I did a story, in fact, if you read my book.
Let me just mention that I've got a book out, "The Best Democracy Money Can
Buy" about how, unfortunately, America has been put up for sale. "The Best
Democracy Money Can Buy" is coming out this week. But I have a story in
there about how Walmart has 700 plants in China. There is almost nothing in
a Walmart store that comes from the United States of America, despite all
the eagles on the wall.

AJ: Exactly, like 1984, then they have big flags saying "Buy American" and
there's hardly anything --- it's Orwellian double-think.

GP: What's even worst is they will hire a factory and right next to it will
be the sister factory which is inside a prison. You can imagine the
conditions of these workers producing this lovely stuff for Walmart. It's
really....

AJ: And if an elitist needs a liver, they just call.

GP: (Laughs) I know, it's grim. In fact, I talked to a guy, Harry Wu, is
his name and, in fact, he broke into, he's been in Chinese prison for 19
years. No one believed his horrible stories. He actually broke back into
prison, took a camera with him and took pictures of the conditions and said
this is the conditions of factories where Walmart is getting its stuff made
at, it's all....

AJ: I was threatened to be thrown off TV here in Austin when I aired video
of little girls 4-years old chained down, skinnier than Jews in
concentration camps, to die. And I was threatened, if you ever air that
again, you will be arrested.

GP: Well you know, it is horrifying stuff that, unfortunately, I have been
handed and Stiglitz, was very courageous for him to come out and make these
statements. Like I said, he didn't provide me the documents. The documents
really sealed it because it said this is what really happened. They really
do say sign on the dotted line agreeing to 111 conditions for each nation.
And the public has no say; they don't know what the hell is happening to
them. All they know....

AJ: Go back into privatization. Go through these four points. That's the
key. It sends billions to politicians to hand everything over.

GP: Yea, he called it briberization, which is you sell off the water
company and that's worth, over ten years, let's say that that's worth about
5 billion bucks, ten percent of that is 500 million, you can figure out how
it works. I actually spoke to a Senator from Argentina two weeks ago. I got
him on camera. He said that after he got a call from George W. Bush in 1988
saying give the gas pipeline in Argentina to Enron, that's our current
president. He said that what he found was really creepy was that Enron was
going to pay one-fifth of the world's price for their gas and he said how
can you make such an offer? And he was told, not by George W. but by a
partner in the deal, well if we only pay one-fifth that leaves quit a
little bit for you to go in your Swiss bank account. And that's how it's done.

AJ: This is the ....

GP: I've got the film. This guy is very conservative. He knows the Bush
family very well. And he was public works administrator in Argentina and he
said, yea, I got this call. I asked him, I said, from George W. Bush. He
said, yea, November 1988, the guy called him up and said give a pipeline to
Enron. Now this is the same George W. Bush who said he didn't get to know
Ken Lay until 1994. So, you know.....

AJ: So now they are having these white-wash hearings. You know I was at
Enron yesterday in Houston because I'm now here in Austin. We were like
30-feet from the door, right on the sidewalk and I have it on video - goons
came up and said you can't videotape. I said go ahead and have me arrested.
I mean I'm talking on the sidewalk, Greg.

GP: Well, you know, I was there in May, telling people in Britain you've
never heard of Enron, but ... And these are the guys who have figured out
how to (garbled) this government. In fact, we saw some interesting
documents, a month before Bush took office, Bill Clinton, I think to get
even with Bush's big donor, cut Enron out of the California power market.
He put a cap on the prices they could charge. They couldn't charge more
than one-hundred times the normal price for electricity. That upset Enron.
So Ken Lay personally wrote a note to Dick Cheney saying get rid of
Clinton's cap on prices. Within 48 hours of George W. Bush taking office,
his energy department reversed the clamps on Enron. OK, how much is that
worth for those guys. You know that has got to be worth, that paid off in a
week all the donations.

AJ: Listen at the bombs you are dropping. You are interviewing these
ministers, former head of IMF/World Bank economist - all of this, you've
got the documents, paying people's Swiss Bank accounts, all this happening.
Then you've got Part 2, what do they do after they start imploding?

GP: Well, then they tell you to start cutting your budgets. A fifth of the
population of Argentina is unemployed, and they said cut the unemployment
benefits drastically, take away pension funds, cut the education budgets, I
mean horrible things. Now if you cut the economy in the middle of a
recession that was created by these guys, you are really going to
absolutely demolish this nation. After we were attacked on September 11,
Bush ran out and said we got to spend $50 to $100 billion dollars to save
our economy. We don't start cutting the budget, you start trying to save
this economy. But they tell these countries you've got to cut, and cut, and
cut. And why, according to the inside documents, it's so you can make
payments to foreign banks - the foreign banks are collecting 21% to 70%
interest. This is loan-sharking. If fact, it was so bad that they required
Argentina to get rid of the laws against loan-sharking. because any bank
would be a loan-shark under Argentine law.

AJ: But Greg, you said it yourself and the documents show it. They first
implode the economy to create that atmosphere. They institute the entire
climate that does this.

GP: Yea, and then they say, well gee, we can't lend you any money except at
these loan-shark rates. We don't allow people to charge 75% interest in the
United States. That's loan-sharking.

AJ: Part 3 and Part 4. What do they do after they do that?

GP: Like I said, you open up the borders for trade, that's the new opium
wars. And once you have destroyed an economy that can't produce anything,
one of the terrible things is that they are forcing nations to pay
horrendous amounts for things like drugs - legal drugs. And by the way,
that's how you end up with an illegal drug trade, what's there left to
survive on except sell us smack and crack and that's how...

AJ: And the same CIA national security dictatorship has been caught
shipping that in.

GP: You know, we are just helping our allies.

AJ: This is just amazing. And so, drive the whole world down, blow out
their economies and then buy the rest of it up for pennies on the dollar.
What's Part 4 of the IMF/World Bank Plan?

GP: Well, in Part 4, you end up again with the taking apart of the
government. And by the way, the real Part 4 is the coup d'etat. That's what
they are not telling you. And I'm just finding that out in Venezuela. I
just got a call from the President of Venezuela.

AJ: And they install their own corporate government.

GP: What they said was here you've got an elected president of the
government and the IMF has announced, listen to this, that they would
support a transition government if the president were removed. They are not
saying that they are going to get involved in politics - they would just
support a transition government. What that effectively is is saying we will
pay for the coup d'etat, if the military overthrows the current president,
because the current president of Venezuela has said no to the IMF. He told
those guys to go packing. They brought their teams in and said you have to
do this and that. And he said, I don't have to do nothing. He said what I'm
going to do is, I'm going to double the taxes on oil corporations because
we have a whole lot of oil in Venezuela. And I'm going to double the taxes
on oil corporations and then I will have all the money I need for social
programs and the government - and we will be a very rich nation. Well, as
soon as they did that, they started fomenting trouble with the military and
I'm telling you watch this space: the President of Venezuela will be out of
office in three months or shot dead. They are not going to allow him to
raise taxes on the oil companies.

AJ: Greg Palast, here is the problem. You said it when you first came out
of the gates. They are getting hungry, they are doing it to the United
States now. Enron, from all the evidence that I've seen was a front,
another shill, they would steal assets and then transfer it to other older
global companies, then they blew that out and stole the pension funds. Now
they are telling us that terrorism is coming any day. It's going to happen
if you don't give your rights up. Bush did not involve Congress and the
others who are supposed to be in the accession if there is a nuclear attack
in the secret government, Washington Post -"Congress Not Advised of Shadow
Government." We have the Speaker of the House not being told. This looks
like coup d'etat here. I'm going to come right out with it. We had better
spread the word on this now or these greedy creatures are going to go all
the way.

GP: I'm very sad about one thing. I report this story in the main stream
press of Britian. I'm on the BBC despite Lord Wakeham. I know he doesn't
like me there. I'm in the BBC, I'm in the main daily paper, which is the
equivalent of the New York Times or whatever, and we do get the information
out. And I'm just very sorry that we have to have an alternative press, an
alternative radio network and everything else to get out the information
that makes any sense. I mean this information should be available to every
American. I mean, after all, it's our government.

http://www.infowars.com/palast.htm

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