Richard Grasso, then chairman of the New York Stock Exchange, hugs then-living FARC Number 2, Raul Reyes.The Real Deal: NYSE's Richard Grasso and the Ultimate New Business "Cold Call"
Narco-Dollars For Dummies
How The Money Works In The Illicit Drug TradePart 3 in a 13 Part Series
By Catherine Austin Fitts
First published in the Narco News Bulletin
Monday, 18 February 2002, 10:13 am
Lest you think that my comment about the New York Stock Exchange is too strong, let's look at one event that occurred before our "war on drugs" went into high gear through Plan Colombia, banging heads over narco dollar market share in Latin America.
In late June 1999, numerous news services, including Associated Press, reported that Richard Grasso, Chairman of the New York Stock Exchange flew to Colombia to meet with a spokesperson for Raul Reyes of the Revolutionary Armed Forces of Columbia (FARC), the supposed "narco terrorists" with whom we are now at war.
The purpose of the trip was "to bring a message of cooperation from U.S. financial services" and to discuss foreign investment and the future role of U.S. businesses in Colombia.
Some reading in between the lines said to me that Grasso's mission related to the continued circulation of cocaine capital through the US financial system. FARC, the Colombian rebels, were circulating their profits back into local development without the assistance of the American banking and investment system. Worse yet for the outlook for the US stock market's strength from $500 billion - $1 trillion in annual money laundering - FARC was calling for the decriminalization of cocaine.
To understand the threat of decriminalization of the drug trade, just go back to your Sam and Dave estimate and recalculate the numbers given what decriminalization does to drive BIG PERCENT back to SLIM PERCENT and what that means to Wall Street and Washington's cash flows. No narco dollars, no reinvestment into the stock markets, no campaign contributions.
It was only a few days after Grasso's trip that BBC News reported a General Accounting Office (GAO) report to Congress as saying: "Colombia's cocaine and heroin production is set to rise by as much as 50 percent as the U.S. backed drug war flounders, due largely to the growing strength of Marxist rebels"
CONTINUED...
http://www.scoop.co.nz/stories/HL0202/S00069.htm It should be big news, but for some reason ABCNNBCBSFixedNoiseNutworks missed the story.
The real tragedy, besides the giant narcodollar laundrey that is Wall Street, is how America is continually lied to by ommission by its constitutionally mandated watchdogs, the press.
Thank Moon for DU.