CIA, Drugs, and Wall Street

CIA, Drugs, and Wall Street
While the Department of Justice estimates that $100 billion in drug funds are laundered in the U.S. each year, other research, including research material from the Andean Commission of Jurists cited by author Dan Russell in his soon to be published book Drug War place the figure at around $250 billion per year. Catherine Austin Fitts places the figure at $250 to $300 billion. Given the fact that the UN estimated that in the early 1990s world retail volume in the illegal drugs was $440 billion, $250 billion seems about right. Fitts, using her Wall Street experience as an investment banker is then quick to point out that the multiplier effect (x6) of $250 billion laundered would result in $1.5 trillion dollars per year in U.S. cash transactions resulting from the drug trade. How many jobs does $1.5 trillion represent? Why do President’s get re-elected? As Bill Clinton’s staff recognized in 1992, „It’s the economy -Stupid!“

During the Contra years, when the CIA and Bill Clinton were swimming in cocaine, and Arkansas became the only state in the Union to ever issue bearer bonds (laundry certificates), employment in Arkansas rose to an all time high because there was so much money floating around. So what if they donÕt count all the dead bodies like two young boys Kevin Ives and Don Henry, shot, bludgeoned and dismembered on a railroad track after witnessing CIA drug drops. „It’s the economy – Stupid!“

The Pop

Corporations trading on Wall Street, including many implicated in money laundering schemes where products are sold with questionable bookkeeping throughout drug producing regions, all have stock values that are based upon annual net profits. Known as „price to earnings“ or „The Pop“ the multiplier effect in stock values is sometimes as much as a factor of thirty. Thus, for a firm like GE or Piper Aircraft to have an additional $10 million in net profits based upon the drug trade, the net increase in these companies‘ stock value could be as much as $300,000,000. Did GE make a $10 million net profit on consumer products in Latin America last year? Easily. And since GE owns NBC is there a chance that accurate reporting on the drug trade and CIA’s involvement therein might hurt their stock?

Disney owns ABC and has a huge retail, resort and entertainment empire that benefits from the „drug multiplier.“ Would ABC consider hurting its parent’s stock value? Ronald Reagan’s CIA Director, William Casey had been Chief Counsel to Cap Cities Broadcasting until 1981. His old law firm represented Cap Cities when it bought the ABC network in 1985. ABC’s Peter Jennings, by the way, had been doing a series of investigative reports on the CIA drug bank (and successor to the Nugan Hand bank) Bishop, Baldwin, Rewald, Dillingham and Wong when the buyout was initiated. Cap Cities (not surprisingly) secured SEC approval in record time and effectively and immediately silenced Peter Jennings who had previously refused to back down from Casey’s threats. Thereafter ABC was referred to as „The CIA network.“

I have no doubt that the ABC „object lesson“ was front and center for CNN founder Ted Turner and Time-Warner when Henry Kissinger, Colin Powell and (CIA vet) John Singlaub put the pressure on in the wake of April Oliver’s 1998 „dead bang accurate“ Sarin gas stories connecting CIA to the killing of American defectors.

Every major media corporation in the country trades on Wall Street. There are no „independents“ left and the American people are left with the increasing cognitive dissonance of recognizing that they are being fed useless bullshit. I wonder how they would respond to real a news corporation if they saw or heard one.

It’s Legal to be Bad

It is also perfectly legal for a Wall Street brokerage or investment bank to go „offshore“ and borrow once laundered drug money to finance a corporate merger or leveraged buyout (LBO). Why do this? If you were a major multi-national corporation in…

comments disabled - Kommentare leider nicht möglich

Trage deine Daten unten ein oder klicke ein Icon um dich einzuloggen:

WordPress.com-Logo

Du kommentierst mit Deinem WordPress.com-Konto. Abmelden /  Ändern )

Google Foto

Du kommentierst mit Deinem Google-Konto. Abmelden /  Ändern )

Twitter-Bild

Du kommentierst mit Deinem Twitter-Konto. Abmelden /  Ändern )

Facebook-Foto

Du kommentierst mit Deinem Facebook-Konto. Abmelden /  Ändern )

Verbinde mit %s