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Its all a conspiracy theory according to some folks until it slams right into your backyard... People have been saying this for a last couple of years(mostly conspiracy theorists) and they were outright dismissed. Follow the story of Monsanto/Halliburton for more details..
Psst. Monsanto is responsible for 90% of farmer suicides in India...
Best defense against something, you cannot explain is to label it as a "conspiracy" theory.
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Corporate, stranglehold over world economy is hardly a conspiracy theory.
The first bit didn't make sense.
He said that "We arrange big loans from the World Bank to countries that have oil, but the money goes to our own companies who build infrastructure in that country. Then eventually the country ends up in huge debt and we force them to sell their oil to us at cheap prices"
But how do you get from "building infrastructure in the country" to -> suddenly the country is in "huge debt"? The whole point of building infrastructure is to make your country more productive and competitive, so either the infrastructure was done wrong or something else went wrong to cause the huge debt..
Infrastructure is the best investment for developing countries. Not just physical infrastructure like roads/electricity/communication, but more importantly things like social infrastructure (education systems, etc), government infrastructure (legal systems, etc) and economic infrastructure (financial systems, etc).
One problem with this theory is that after the US led invasion of Iraq the big oil contracts went to China not to the US however I do agree in part with this just read up about the british american tobacco company and why cannabis was outlawed.