We have all heard of the Export / Import Bank (EXIM). We have heard of vague references to trade manipulation, balance of payments, debtor nations, World Bank, World Trade Organization (WTO), violent protests around the world, including Seattle (who were those people?), etc. Few have heard of OPIC. Overseas Private Investment Corporation is a department of the United States Treasury.
Immediately you may wonder why "Private" and United States are associated in the same sentence. I was curious. It’s exactly what you think. Our tax dollars are going to multi-national companies to finance and indemnify their operations in foreign countries. Hundreds of billions of dollars are going to Boeing, General Electric, ENRON, Shell, Exxon, BP, Microsoft, ..... to finance and insure the exportation of American jobs to other nations.
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