Ruined Urban Economy, Detroit Crisis Escalates. Legal Action and Exposure of Bank Fraud | Global Research
is disturbing synchronicity, tracing the ideological roots of the current debacle in Iraq to the Chilean coup. Allende, a committed socialist, hadn’t even entered office when the Ad Hoc Committee on Chile was formed by U.S. corporations worried about their holdings in the country. Citing the report of the U.S. Senate Committee that ultimately investigated the matter, Klein writes that “the committee’s single purpose was to force Allende to back off his nationalizations ‘by confronting him with economic collapse.’” The “de facto leader of the committee” was the International Telephone and Telegraph Company (ITT), and it went a lot further than mere economic pressure, offering $1 million to Allende’s opposition and attempting to interest the CIA in a plot to manipulate the results of the 1970 presidential election.
