Meaning: The quote you provided is from John Perkins, an American author and former economist. In this quote, Perkins is referring to the practice of using the interest earned from securities held by the Treasury Department to fund infrastructure projects in other countries, specifically in this case, Saudi Arabia. This practice is often associated with the concept of economic imperialism or "economic hitmen," which Perkins has written about extensively in his book "Confessions of an Economic Hitman."

Perkins describes a scenario where the Treasury Department, through the interest earned from securities, effectively finances and facilitates the construction of new cities and infrastructure in Saudi Arabia. This is significant because it highlights the interconnectedness of global finance and development, as well as the role of the United States in supporting the economic growth of other nations.

The use of the term "economic hitmen" by Perkins is a reference to individuals or organizations that are alleged to manipulate economic policies and use financial leverage to advance the interests of powerful nations or corporations. According to Perkins, these economic hitmen work to create economic arrangements that benefit the interests of the United States and its allies, often at the expense of the sovereignty and well-being of the target countries.

The idea of using the interest from securities to fund infrastructure projects in foreign countries raises important questions about the motivations and consequences of such practices. On one hand, it can be seen as a form of economic assistance, providing vital investment for the development of infrastructure and economic growth in the recipient country. This can potentially lead to improved living standards, job creation, and economic opportunities for the local population.

On the other hand, critics argue that this approach can perpetuate economic dependency and create conditions for the exploitation of resources and labor in the recipient country. It can also be seen as a way for the funding country to exert influence and control over the political and economic policies of the recipient nation, leading to concerns about sovereignty and self-determination.

The quote also sheds light on the role of U.S. companies in carrying out these infrastructure projects. This highlights the economic interests and opportunities for American businesses to secure contracts and generate revenue from international development projects. At the same time, it raises questions about the potential impact on local businesses and the extent to which these projects contribute to sustainable and inclusive economic development in the recipient country.

In conclusion, the quote by John Perkins encapsulates the complex dynamics of international finance, development, and geopolitics. It invites us to critically examine the implications of using financial instruments and economic leverage to support infrastructure projects in foreign countries, and to consider the ethical and practical implications of such practices. Perkins' work challenges us to question the power dynamics at play in global economic relationships and to strive for more equitable and sustainable approaches to international development.