Incisive, fair-minded, unbiased and thought-provoking take on African and global affairs by, perhaps, the most fearless and ideologically uncompromising anti-corruption Rapper of this generation, and a strong advocate for freedom, human right, justice, equity, racial equality, and harmony across the globe.
Saturday, March 19, 2011
JOHN PERKINS EXPLAINS THE SECRET BEHIND IMF LOANS
The sound economic decision of the 84-85 BUHARI regime to outrightly REJECT the IMF LOAN with its constrictive and destructive SAP conditions was arguably the best policy decision ever made by any administration in the history of our country. IBB's acceptance of that LOAN after overthrowing BUHARI, sent our country tumbling down the economic hill like a snowball. It was the WORST economic decision EVER. SAP's devastating impact is still treacherously felt by tens of millions of our people till date. Play the videos above and watch JOHN PERKINS, a former CIA economic hit man, as he explains American government's deep secret behind such IMF LOANS and correlate his words with the disastrous effect that the said IMF LOAN had, and is still having on our economy.
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