Greg Palast (GP): .I spoke to the former chief economist,
Joe Stiglitz who was fired by the World Bank. 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 to this .other people handed me a giant stash of secret
documents from the World Bank and the International Monetary Fund.In
fact, I was supposed to be on CNN with the head of the World Bank
Jim Wolfensohn 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
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
that are really devastating to the nations involved and 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.I've got inside documents recently from
Argentina, the secret Argentine plan. This is signed by Jim Wolfensen.
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.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.
Alex Jones (AJ): Isn't it six now?
GP: Yeah, 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.This
is like one of the biggest stories ever.
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: 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. 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 nationalised 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 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. 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 for 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 a 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
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: Yeah, 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, the British have 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 authorised Enron to come into Britain and take
over power plants there. 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
GP: Yes, he is, because I have run into real problems,
because he regulates me.
AJ: 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. 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
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.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.
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, it was very courageous for him
to come out and make these statements. 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.
AJ: Go back into privatization. Go through these four
points. That's the key. It sends billions to politicians to hand
GP: Yeah, 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 sa
ying give the gas pipeline in Argentina to Enron. That's our current
president. He said that what he found 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 quite a little bit for you to go in
your Swiss bank account". And that's how it's done.
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 (CEO of Enron) until 1994.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.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 two, 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: 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
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
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 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 he said that, they started fermenting 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.
(SchNEWS Note: weeks after this interview Chavez survived a weekend
coup in late April 2002 see SchNEWS 351).
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
GP: I'm very sad about one thing. I report this story
in the main stream press of Britain. 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.