The EHMs cook up projections about the implications of these projects (often large infrastructure projects) in order to convince these countries to accept these loans. Also, a number of locals are bribed in the process if need be. The loans are then paid to US Corporations that service these projects. Ultimately, these governments are unable to pay back these loans and become proxies that serve US interests.
The book serves as a very good work of fiction. But it is highly likely that there is some truth to this book. Unfortunately, the author glosses over details of projections that he claimed to have “cooked” up as part of his job. This certainly leaves plenty of room for critics to rightfully argue the credibility of the authors story. While the underlying theme of the book is highly plausible, it is hard to say how much of it is really true vs. pure fiction. Ultimately, it is an interesting and engaging book.
The book covers the author’s first hand experiences in several countries including Indonesia, Saudi Arabia, Panama, Ecuador etc. The Saudi Arabian part is of particular interest in light of recent global events (the rise of Bin Laden, 9/11 etc.)
p.s: I love the cover design.