A tale of incredible greed, heartless murderousness.

The World Bank's Secret BUYOUTS of entire COUNTRIES!
Transcript of Interview of Greg Palast, Journalist for BBC and
London Observer by Alex Jones

AJ: This is an earth shattering picture of what is really going on with the
world bank.. Can you break it down for us and tell us
what the (so-called) economists have gone and done?

GP: Yes, I spoke to the former chief economist, Joe Stiglitz who was fired
by the (World) Bank and that's where I got much of this. I was on BBC
and with the 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.
 He wouldn't touch it but I really did  get this from completely independent sources
---a big stack of documents.

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 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 off. 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 Wolfensohn, 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: Right: 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.
(click on URL then scan, then <--- green arrow back to this pg.)

AJ: You do understand the way the country handles such debt. They tax
the people. LIke here in USA! 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. (Note, on back of your IRS tax check, note the endorsement.
THE ENTIRE TAX SUM you 'contributed' was given to the Federal Reserve
which is not FEDERAL. It is the IMF. The internat'l banking community)
You are paying debt. That's what these poor countries do also, and they
much less than you can afford to pay such huge taxes.

GP: So what's happening is - this is just one of them (the scams). More.
See it's not just anyone who gets a piece of the action. (It's generally the
close friend of the American President in Power.) 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. (Bush and Ted Turner just bought millions of acres
in Paraguay.)

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, you're dropping a  massive bomb-shell on the Globalists
and their criminal activity. There is no other word for it. You link through at, you can link to his web site -, 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

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 th e 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

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: Yep. And 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

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. "
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.  (READ "Why we should only BUY LOCAL)

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

AJ: And if an elitist needs a liver, they just call --(the prison for a prisoner)

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, left 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 quite 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

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 (in USA) 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.