Tuesday

Yesterday just flew by and i did not post anything,sorry. I found a book by a guy named John Perkins entitled Confessions of an Economic Hitman and I just read it cover to cover. I could not put it down. Well worth a read if you are into Macroeconomics. Whit ??? I hear you shouting!!!

It is an easy read. There are no charts and economic language.

It tells how Countries are convinced to take huge loans for stuff they don't need, then can't pay them back. They then have to give up their resources just to pay interest and default penalties.

Not in the book but similar idea. Recently an African country was given huge loans to build a state of the art country wide Air Traffic Control System by Britain. we loaned them the money with interest and penalties to build it and we supplied it! So we lend them money to pay ourselves geddit!!!

Oh by the way this country in Africa has one airport and two or three flights a week but they got a banzi ATC System!!! See if you can find it ?