Economics Professor Michel Chossudovsky of the Univ. of Ottawa, Catherine Austin Fitts, former managing Director Dillon Read and Ass't HUD Secretary, FTW, using breakdowns of several USG law enforcement agencies all come to the same figure $250 billion in drug money (gross receipts) are laundered through the US Economy every year. This is out of $500 billion retail sales worldwide of drugs. In other words the U.S. competes for and actively gets half of all the drug money launder business in the world. This is also at the heart of my USC lecture from 12/8/00. The profits are handled in several ways but, as in the case of Colombia - especially with the FARC - they accrete and, by compounding over decades they become trillions of dollars. I cannot emphasize strongly enough that people need to read the fabulous two-part series from Le Monde earlier this year entitled, "Crime, The World's Biggest Free Enterprise." Until people understand this they have not grasped the significance of the drug trade. It is literally the motor-oil of capitalism as presently constructed. Mike Ruppert www.copvcia.com -----Original Message----- From: dawnstar [mailto:[EMAIL PROTECTED]] Sent: Monday, December 18, 2000 9:15 AM To: [EMAIL PROTECTED] Subject: Re: [CIA-DRUGS] Greenspan's did too little too late not the removal of a minsicule (for the United States) 100 billion to 200 billion dollars. First, is this a reliable figure estimate of the annual world illicit drug revenue? Does it for net or profits? OR WHAT? And the spread is far too big to be taken as a reliable estimate. Further, the illegal funds and money laundering is estimated in the trillions, and cannot be discounted from the impact and influence on the markets. Whats the total capitalisation today of the US stock markets, Nasdaq and NYSE? How is the drug money from opium and heroin related to the the money laundering racket, from Hong Kong to Swizerland? And the note was supposed to be about the FED and Greenspan, and "in closing" nothing was said about it. Perception is not reliable. Psychology drives the stock markets more than "perception". Thats why any smart programmer or analyst calls it a casino. Its not logical. And further, i know a few stock brokers who have taken all their wealth out of the market, because its insane and unreliable. So, maybe drugs is a good way to margin you bet. About the CIA, its such a great way to look legitimate when you got drug profits invested in legitimate fronts to cover the illicit fortune. But what's the fed got to do with it. Bodhi Man never said. Bodhi Man wrote: > > IT'S ALL ABOUT THOSE DEAD PRESIDENTS > ($$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$) > > Dear Matthew: This topic is extremely important because I read this list > everyday and I witness a serious lack of understanding of the fundamentals > of global economics and finance. These topics are related to the underlying > causes of the drug trade. It is the the huge profits of the drug trade that > corrupt and motivate people into various criminal activity whether it be > trafficking or the laundering of money. > > much of this money is invested in US banks, real estate and the stock > markets. Not all of it floats around off-shore in the Caymans and as the > reuters article points out, our recession becomes the world's recession, > dragging others down with it. > > I'd take the time to write longer pieces (and correct my spelling) but I am > putting final touches on my MBA at a major university in CA. I am also > slated to attend The School of Economics and Policy Studies, a graduate > school at Cambridge University in England early next year. > > I just thought I'd take the time to explain why the market is on a > "controlled burn", the result of concious decisions made by Greenspan to > rein in inflation. The Stock market is also in Greenspan's mind, although > he officially refuses to comment on it in most of his public interviews. > One of my professors is a former member of the Federal reserve's board of > governors and offered me his opinions on Greenspan's theories, since he > interacted with him on a daily basis for several years. My professor, in > addition, was the CEO of several corporations, serves on the boards of > directors of several corporations, is a public and private sector consultant > and holds four masters degrees and three PhD's. He was also the department > chair at USC's college of business. > > In closing, what does greenspan have to do with this list? A lot, really. > The markets are driven by perception. If a serious crackdown on drugs ever > did occur (which it never will) and say 100 billion of the estimated 250 > billion in dope money were removed from our system, it is the PERCEPTION > that would do the most damage. Our U.S. economy is so massive that this > would merely register as a speed bump for a five trillion dollar economy. > (many mutual fund families contain well over 100 billion in assets) Mexico > and the other third world countries are a different story however. The > entire economy of many of these counties would be staggered or collapse > without narco dollars to prop it up. This would cause a host of problems > such as political instability, a mass exodus of illegal aliens north to the > U.S. in search of work, and local unemployment. It would be the investors > reaction to economic collapse in other countries and the PERCEPTION of these > problems that would drive the markets here down, not the removal of a > minsicule (for the United States) 100 billion to 200 billion dollars. > _________________________________________________________________ > Get your FREE download of MSN Explorer at http://explorer.msn.com > -------------------------- eGroups Sponsor -------------------------~-~> <FONT COLOR="#000099">eGroups eLerts It's Easy. It's Fun. Best of All, it's Free! </FONT><A HREF="http://click.egroups.com/1/9698/0/_/475667/_/977168275/"><B>Click Here!</B></A> ---------------------------------------------------------------------_->
(1) Crime The world's Biggest Free Enterprise.doc
