Posts Tagged ‘IMF’

Bankrupting the Third World, our sixth book in The Underground Knowledge Series, has been translated into Spanish, and the ebook version – titled Arruinando al Tercer Mundo – has been published internationally.

Dedicated to the impoverished in forgotten places of the world, this book questions whether the likes of the World Bank, the International Monetary Fund, the United States Agency for International Development and other big international aid organizations help or hinder the world’s poorest people.

It also questions whether the aid packages provided are genuine or whether they are scams designed to subjugate Third World countries.

For our Spanish followers, a brief synopsis of Arruinando al Tercer Mundo  follows:

Los Morcan revelan que hay una agenda oculta y vil en juego, donde la “generosidad” extendida por organizaciones de ayuda internacional para asistir al desarrollo del Tercer Mundo y proveer alivio en la eventualidad de desastres naturales no sea caridad, sino egoísmo, con varios hilos atados… hilos diseñados para esquilar naciones vulnerables.

El lector encontrará al popular Sicario Económico John Perkins y encontrará que su bestseller “Confesiones de un Sicario Económico” es vigente, particularmente en África.

Al escribir este libro, los autores fueron motivados por unas estadísticas escalofriantes: 21,000 personas mueres de hambre cada día. ¡Eso es una persona cada cuatro segundos!

Más escalofriante es el hecho de que tales muertes son innecesarias, dado que hay más que suficiente riqueza en el mundo para que todos cubran, al menos, las necesidades básicas de la vida, y más que el Tercer Mundo se sostenga orgánicamente a sí mismo.

Para cuando termines este libro, verás que hay tanta riqueza en el Tercer Mundo, como en el Primero. De hecho, términos como “Tercer Mundo” y “naciones pobres” están, esencialmente, equivocados, ya que implican que la riqueza y los recursos son limitados en estos lugares.



The book as it appears on Amazon:



Those who have already read Bankrupting the Third World, our sixth book in The Underground Knowledge Series, will have picked up on the fact we believe world poverty can be fixed – and fixed quickly.

Just one of many starving children in war-torn Syria right now.


Here’s an excerpt from the book, which, hopefully, clarifies why we are so confident there is a quick fix for world poverty:

Some of you may be doubting our sanity about now. At the very least, you’ll be thinking we are underestimating the task at hand, and that poverty’s far too big a challenge to solve any time soon.

But consider this for a moment: the United Nations Development Program estimated in 1998 that it would only cost an additional US$40 billion above current aid payments at the time to completely eradicate poverty as we know it. This figure was broken down as per the following necessary (US dollar) payments: $13 billion extra for every person on Earth to have enough food as well as access to basic health care; an additional $12 billion to cover reproductive health for all women worldwide; $6 billion extra to provide basic education for all; and an additional $9 billion to provide clean water and sanitation for every man, woman and child on the planet.

Now that $40 billion figure was in 1998 dollars, of course, and the world’s biggest problems have arguably gotten worse since then. So let’s allow for inflation and let’s also assume the UN underestimated the amount required.

Let’s say $200 billion dollars, or five times what the UN estimated, is needed over and above current aid payments. To our eyes, that seems a small price to pay for what would undoubtedly be the greatest moment in human history.

Two hundred billion is also a fraction of the cost governments of major nations like China, the US, Russia and the UK each spend on their annual military budgets. By some estimates, the Afghanistan conflict alone has cost America more than a trillion dollars, with all wars since 9/11 said to have cost America several trillion dollars.

Unfortunately, waging wars is clearly a far bigger priority than ending poverty.


“About 21,000 people die every day of hunger or hunger-related causes, according to the United Nations. This is one person every four seconds … Sadly, it is children who die most often. Yet there is plenty of food in the world for everyone. The problem is that hungry people are trapped in severe poverty. They lack the money to buy enough food to nourish themselves. Being constantly malnourished, they become weaker and often sick. This makes them increasingly less able to work, which then makes them even poorer and hungrier. This downward spiral often continues until death for them and their families.” –Official statement on the website as at February 2014




BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt (The Underground Knowledge Series Book 6)


BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt  is available exclusively via Amazon:  




Considering the vast sums of money that go through the coffers of the international aid organizations, the corruption aspect is another part of the equation that cannot be ignored. As we point out in our book BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt, human greed is normally found wherever large financial transactions occur.


Are these starving Liberian children getting a fair go?


An excerpt from Bankrupting the Third World  follows:

The hierarchy of the international aid organizations claims to be aware of the problem and on top of it. For example, in a press release from the World Bank itself, dated December 19, 2013, World Bank President Jim Yong Kim states that corruption is “Public Enemy Number One” in Developing countries.

“We will never tolerate corruption,” Kim goes on to say, “and I pledge to do all in our power to build upon our strong fight against it.”

That’s all well and good, but what happens if the corruption is closer to home? In other words, if there are, as we suggest, corrupt elements operating within the highest echelons of the World Bank and other such aid organizations? What then? Which organization would have the nous, or wherewithal, or, for that matter, the will to root out corruption within such charitable “corruption-busting” institutions?

The World Bank has much to answer for we suspect.

A 2012 Forbes article headlined ‘World Bank Spins Out Of Control’ calls that organization “one of the world’s most powerful institutions – charged with saving the world’s poor – but also one of its most dysfunctional”.

The enlightening article also refers to the World Bank as “an endlessly expanding virtual nation-state with supranational powers,” and states there is “little oversight by the governments that fund it”.

The article goes on to say that “FORBES has also discovered a whole layer of bank officials who have learned how to game the system or expand their influence through its constantly revolving doors. It’s not unlike the way that U.S. officials retire and then go to work for the contractors they associated with while in government service”.

A 2013 article by Alex Newman, foreign correspondent for The New American, was even more critical of the World Bank and its lack of ability to stamp out corruption. It reads, in part, as follows:

“A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve.

“The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts”.

The article continues, “Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. ‘What is really going on is that the world’s resources are being dominated by this group…At the heart of the network are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks…This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about…The central bankers have been gaming the system. I would say that this is a power grab’.”

Hudes is also quoted as saying the cartel of elite international banksters use the Fed and major private banks, in collaboration with other financial institutions such as The World Bank and the BIS (Bank for International Settlements), to complete shady financial deals, manipulate gold prices and conduct various other monetary deceptions.

Unfortunately, such articles represent just a tiny fraction of the reported and/or confirmed corruption cases occurring year after year within the international aid organizations.

And yet, there has been no serious investigation or detailed audit of them just as there has never been a proper audit of the privately-owned US Federal Reserve.

Could that be because the same leaders charged with keeping such financial institutions honest are the very people who are making trillions of dollars off concealing the ongoing corruptions?



BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt (The Underground Knowledge Series Book 6)


Bankrupting the Third World  is exclusively available via Amazon:  



Bankrupting the Third World, Book #6 in The Underground Knowledge Series, was launched today exclusive to Amazon. It targets the West — in particular the so-called global elite and the big international aid organisations — and it questions whether the ‘aid’ extended to Third World nations is in fact aid or a gigantic scam designed to subjugate those countries.

The Introduction from Bankrupting the Third World  follows:

This book is primarily about international aid organizations and whether they help or hinder the world’s poorest people. The outfits examined include the likes of the World Bank, the International Monetary Fund (IMF) and the United States Agency for International Development (USAID).

Officially, these financial relief organizations aim to reduce corruption in the Third World and Developing nations as part of their detailed and complex poverty alleviation mission. Their main strategy is providing loans to such nations for extensive development programs.

Kimbumba refugee camp in the Congo…just one of many.

However, according to our research and that of many others – economists, human rights activists and independent investigators included – there’s a nefarious hidden agenda at play. An agenda that even many of those working within these organizations, especially low-medium level employees, are not remotely aware of.

This book is divided into two sections.

Part One, titled The Macro of Looting the World’s Poor, exposes the culture of corruption within international financial aid organizations and the arrogance/disdain/contempt with which the Management of these agencies treat their Third World ‘clients.’

In Part Two, titled The Micro of Looting the World’s Poor, we put two Third World nations under the magnifying glass to reveal the long-term impact of being the recipient of substantial financial aid from the West. The resulting debt accrued by these nations may surprise even the most skeptical reader.

Terms like “looting the world’s poor” and “bankrupting the Third World” might sound oxymoronic to those not familiar with geopolitics and distribution of wealth. Especially as society’s less moral operators normally look to loot the rich, not the poor – not to mention the fact that bankrupting the Third World, as such, would seem to be a fruitless endeavor if the perception there’s no real wealth in the Third World was actually true.

However, as this book’s subtitle suggests, it’s about “How the Global Elite Drown Poor Nations in a Sea of Debt,” and how those same global elitists don’t go to all that trouble and (initial) expense for no reason or for no financial gain.

We trust by the time you get to the end of this book you’ll agree there’s as much wealth to be found and fortunes to be made in the Third World as there is in the First World. In fact, terms like ‘Third World’ and ‘impoverished nations’ are essentially misnomers as they imply limited wealth and resources exist in these forgotten places. This book sets to dispel that myth once and for all.

Lastly, we hope BANKRUPTING THE THIRD WORLD will contribute in some small way to the masses pressuring world leaders to eradicate the extreme poverty that sees millions of our fellow Human Beings – men, women and children – dying unnecessarily every year.

James Morcan & Lance Morcan

BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt  is exclusively available via Amazon:  



Our next book, BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt, seriously questions whether the World Bank and other big international aid organizations help the world’s poor.

At the outset, we ask: What if much of the aid extended to impoverished nations is not charitable, but selfish, with serious strings attached – strings designed to fleece vulnerable nations?

We also ask: What if the international financial aid organizations are all gigantic scams designed to subjugate Third World countries?

The answers may surprise.

Of all the statistics we uncovered during our research, one in particular has stayed in our minds throughout the writing process:

21,000 people die every day (one person every four seconds) from starvation.

That’s a sickening figure considering our research has also shown there is more than enough wealth in the world for everyone to at least receive the basic necessities of life.

Even more sickening when you consider there is more than enough wealth in the Third World for it to organically sustain itself.

We hope this book will contribute in some small way to the masses pressuring world leaders to eradicate the extreme poverty that sees millions of our fellow Human Beings – men, women and children – dying unnecessarily every year.

Read more in Bankrupting the Third World – Coming soon!



To assist our research for Bankrupting the Third World, the next planned book in our Underground Knowledge Series, we asked members of our ‘Underground Knowledge’ group on the following question: Do you believe global financial aid institutions such as the World Bank, the IMF and USAID primarily help or hinder Third World nations?

Cover reveal for:

BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt

Unsurprisingly, interim poll results show that 67% of respondents believe the big global aid organizations are more a hindrance than a help to Third World nations; only 4% believe they’re a help; and the balance are unsure.

Poll respondents’ comments make for interesting reading. Examples follow:

If the leaders of the developed countries wanted to help the people from the third world countries, they should have done it years ago without hesitation.

They are almost entirely funded by the U.S. taxpayers, and I want my money back! The design and build of their headquarters also cost a darn fortune!

World Bank, IMF, USAID are basically tools of the US Government and weapons used to blackmail third world countries.

It’s a case of too many (greedy) cooks in the kitchen.

Their primary interests is themselves. Third world nations are there to be exploited by them for resources. Obviously, they would like all to be third world nations!

It is simple they help by bailing out nation but these nations typically have no way of repaying theses loans and default on them, which is the hindrance.

Dirty water, barren land, land stolen for rubber plantations and GMO crops, keep the Africans and others hungry.

To read all comments, or better still to have YOUR say, go to:—a-discussion-group?type=group

BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt

This upcoming book can be viewed on Goodreads at:

“Western governments tax their citizens to fund the World Bank, lend this money to corrupt Third World dictators who abscond with the funds, and then demand repayment which is extracted through taxation from poor Third World citizens, rather than from the government officials responsible for the embezzlement. It is in essence a global transfer of wealth from the poor to the rich. Taxpayers around the world are forced to subsidize the lavish lifestyles of Third World dictators and highly-paid World Bank bureaucrats who don’t even pay income tax.” -Ron Paul’s statement at the World Bank Hearing, May 22, 2007


Ever wonder why peace in certain countries like Afghanistan, Iraq and the Democratic Republic of Congo is never achieved no matter how many thousands of international peacekeepers are sent?

The answer may be that despite appearances, the world’s powers-that-be don’t actually want peace in those countries to be achieved any time soon.

Engaging in diplomatic talks and sending in UN peacekeepers is just a farce, apparently. According to our research, it’s far more lucrative for the global elite to keep wars going so the invaders can plunder resources for as long as they can. If we are correct in this analysis, then maybe wars like Afghanistan, Iraq and Vietnam were not about winning, but something else. Something much more sinister.

More than any other region on the planet, Africa’s probably the best example of these vicious, imperialistic strategies. Unfortunately for Africa it has many, many resources the outside world wants, needs and will kill to get its hands on. Resources like its vast water reserves, unlimited land, oil and precious metals such as gold, diamonds, cobalt and uranium to name a few. Not to mention the continent’s wildlife and cheap human labor.

U2’s lead singer Bono possibly summarized it best in a 2004 speech he gave at the University of Pennsylvania when he said, “Africa needs justice as much as it needs charity.”

In our conspiracy thriller novel The Ninth Orphan, we wrote the following pertinent paragraphs about the African continent:

As the seemingly well-intentioned French journalist spoke about Africas scarcity and its limited resources, Nine smiled to himself almost condescendingly. He considered such statements an absolute joke. Africa did not, nor did it ever have, limited resources.

Nine knew something the journalist obviously didnt: Africa was the most abundantly resourced continent on the planet bar none. Like the despots who ruled much of the region, and the foreign governments who propped them up, he knew there was more than enough wealth in Africas mineral resources such as gold, diamonds and oil not to mention the land that nurtured these resources for every man, woman and child.

He thought it unfortunate Africa had never been able to compete on a level playing field. The continents almost unlimited resources were the very reason foreigners had meddled in African affairs for the past century or more. Nine knew it was Omegas plan, and that of other greedy organizations, to siphon as much wealth as they could out of vulnerable Third World countries, especially in Africa.

The same organizations had the formula down pat: they indirectly started civil wars in mineral-rich regions by providing arms to opposing local factions, and sometimes even helped to create famines, in order to destabilize African countries. This made the targeted countries highly vulnerable to international control. Once the outside organizations had divided and conquered, they were then able to plunder the country’s resources.

The defeated eyes of the starving children on screen reminded Nine of his fellow orphans growing up in the Pedemont Orphanage. Although he had never experienced malnutrition, he knew what it was like to be born into a living hell.

Sadly, since The Ninth Orphan was published in 2011, not much has changed in Africa; international governments, multinational corporations and the likes of the World Bank and the IMF continue to profit from Africa’s vulnerability.

Wars in numerous African countries continue to go unchallenged and untold millions are raped, killed, maimed and starved while the rest of the world just looks on. It has become such a repetitious story in Africa that wars in the region rarely make international headlines anymore.

Conflict in Africa…all too familiar.

Divide and conquer. That’s the global elite’s proven strategy when it comes to its treatment of Third World countries in Africa and indeed throughout the world. Or, to put it another way, order out of chaos is the global elite’s favored tactic. They engineer chaos by financing both sides of revolutions, movements and civil wars then create order by providing solutions to governments and citizens in these war-torn countries.

To quote the British group James from their 2008 song Ha Ma: “War is just about business.”


You have been reading an excerpt from our non-fiction book THE ORPHAN CONSPIRACIES: 29 Conspiracy Theories from The Orphan Trilogy. To read more go to:

Not all is as it seems!