By James S. Henry
From 1970 to 2003, over 3 trillion dollars—$3,000,000,000,000—were loaned to constructing international locations by way of the West. but the space among wealthy and terrible is worse than ever. What occurred? the place did all that cash cross? A monetary insider, Jim Henry seems unsparingly on the snarl of transactions, frequently criminal yet often immoral, that led to the wealthy getting richer and the negative, poorer. Like tentacles on an enormous octopus, the firsthand investigations within the Blood Bankers all bring about one middle. A monetary detective of varieties, journalist Jim Henry analyzes more than a few scandals, together with the looting of the Philippines by means of the Marcos relations, corrupt lending in South the United States, and the financing of Al Qaeda. A rogue's gallery of overseas criminals owes its life to the dramatic development of the underground international financial system during the last twenty years. Our global is being reshaped, frequently in sinister model, through wide-open capital markets and a global banking community that exists to launder enormous quantities of billions of bucks in ill-gotten earnings. here's globalization's darkish side—the new high-growth international markets for influence-peddling, capital flight, cash laundering, guns, medications, tax evasion, baby exertions, unlawful immigration, and different kinds of transnational crime.