Confessions of an Economic Hit Man
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Truth or exaggeration?...
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Lisa Mac
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Aug 21, 2009 02:33AM

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i totally agree with you.. the whole book he discusses everything explaining how guilty he felt.
which was really irritating to me, I mean c'mon you're an EHM !!!

HOWEVER with that said, I think he is a weeny. The part where he is having a tantrum on his boat, throwing a bottle of beer in disgust, is just ridiculous. What type of person does that and then goes back to work that he thinks is so despicable?
FURTHERMORE his next book - well I just threw it out when he got into trying to explain monetary policy. From his explanation, I suspect that he is still fully ingrained within the mindset of the folks that he purports to be opposed to in Confessions.


I think that he is describing the reality of the world, but doing so in dramatized, over the top and sexy fashion, of course helping himself in the process. I doubt there are literal EHMs and he probably had nothing to do with the world he describes, but it may not an inaccurate picture.
Keep in mind, there were investment companies bidding up food prices, literally killing people in the process, just for their profit. The US and Europe bailed out their major banks with basically no strings attached, and the "Greek Bailouts" we keep hearing about are really creditor bailouts. Look it up, there are legitimate sources and big names saying this stuff. Countries are being forced to choke their economies, and well being, to pay off creditors, govs keep tossing them bailouts to make sure they can keep doing it. Being a student of economics, I know what QE really is: Basically swapping bad private debt for safe gov debt. That's literally what's been happening. It's a massive bailout and prop up. Given all this, that has actually happened, is this story so unbelievable?
Joe Stiglitz a nobel prize winning economist has made similar statements about intl institutions, and given government actions all over the world, and all the dirty secrets that seem to be coming out...while this book may be dramatized for his gain, and makes himself a star, it may not be total clap trap. The intl banking/gov cabal, plutocracy, inequality...these things seem very real now in 2015




I agree. His book was pretty revealing but there were times where it kind of felt like he was using this book as an "apology" or by publishing this book he felt like he was on the road toward redemption. His weird little back story about not being involved with women for awhile was weird too. He was like "Man my parents want me to be something I'm not and I'm a virgin damn, I will now ruin Ecuador forever"
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