View single post by Joe Kelley
 Posted: Tue Jan 29th, 2008 06:32 pm
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Joe Kelley

 

Joined: Mon Nov 21st, 2005
Location: California USA
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http://www.informationclearinghouse.info/article19224.htm

The deal was that Indonesia under Suharto would offer up what Richard Nixon had called "the richest hoard of natural resources, the greatest prize in southeast Asia." In November 1967, the greatest prize was handed out at a remarkable three-day conference sponsored by the Time-Life Corporation in Geneva. Led by David Rockefeller, all the corporate giants were represented: the major oil companies and banks, General Motors, Imperial Chemical Industries, British American Tobacco, Siemens, U.S. Steel, and many others. Across the table sat Suharto's U.S.-trained economists who agreed to the corporate takeover of their country, sector by sector. The Freeport company got a mountain of copper in West Papua. A U.S./ European consortium got the nickel. The giant Alcoa company got the biggest slice of Indonesia's bauxite. America, Japanese, and French companies got the tropical forests of Sumatra. When the plunder was complete, President Lyndon Johnson sent his congratulations on "a magnificent story of opportunity seen and promise awakened." Thirty years later, with the genocide in East Timor also complete, the World Bank described the Suharto dictatorship as a "model pupil."