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- Citigroup, the Largest Drug Money Laundering Bank
in America Buys Mexican Drug Laundering Bank Banamex
- Asa Hutchinson Appointed to Head the DEA
All Hell Breaks
Loose
By
Michael C. Ruppert
[© Copyright 2001. Michael C. Ruppert and
From The Wilderness Publications. This story appeared as the
lead essay in the May 31, 2001 issue. Because of the urgency
connected to these two stories it is posted on the web site
ahead of our standard 30 day embargo.]
May 31, 2001 - These are nightmares come
true. Citibank buys Banamex - Mexico's second largest bank
for $12.5 billion and Asa Hutchinson is appointed head the
Drug Enforcement Administration. The level of criminality
in the US financial and political systems has reached a threshold
where it can no longer be spun into something which John Q
Public can ignore and where US drug "enforcement"
efforts are now revealed to be nothing more than a reaction
to the imperative of "managing" the drug trade so
as not to lose control of the trillions of dollars at stake.
Crime has become, overtly, the largest free enterprise in
the world.
On May 17 Citigroup, America's largest financial
institution commanding some $700 billion in assets announced
a $12.5 billion purchase of Banamex's parent company controlling
some $39 billion in assets. The move will place Citigroup
in control of one of the major - and proven - money laundering
institutions in Mexico and allow Citigroup (first time for
a US company) to penetrate the Mexican stock market.
The Citigroup dirt descends to even the personal
level as Marc Weill, 44, the son of Chairman Sandy Weill,
was exposed in the AP last November as having a cocaine addiction
which necessitated that he relinquish control of Citigroup's
$113 billion investment portfolio. Consider also, that John
Deutch, who joined Citigroup in 1996, brought with him the
former Executive Director of the CIA, Nora Slatkin as an alleged
quid pro quo for her stalling an investigation into Deutch's
mishandling of thousands of pages of CIA files. Did Citibank
get the files?
Banamex owner Roberto Hernandez is overtly
connected to drugs. He will now join Citibank's board. After
having lost a Mexican lawsuit against Por Esto Publisher
Mario Menendez in which the courts found that Por Esto's
allegations connecting Hernandez to hundreds of tons of cocaine
smuggling near Cancun were valid, Hernandez went on to sue
Menendez and veteran journalist Al Giordano in New York State
[FTW - Feb, 2001]. That suit has sparked a huge public
outcry and garnered Giordano and Menendez the support of some
of the most powerful lawyers in America. Known locally as
the "Cocaine Peninsula," Hernandez's property in
Yucatan has been photographed littered with smuggling equipment
yet it has served as a vacation spot for Mexico's president-elect
Vicente Fox, (July, 2000) and President Bill Clinton (August,
2000). In true bi-partisan spirit, however, Fox shared Dallas-based
media adviser Robert Allyn with candidate George W, Bush throughout
their respective 2000 campaigns. To complete his end of the
Citigroup transaction Hernandez relied upon the brokerage
house of Goldman Sachs (once headed by Rubin) and the Wall
Street law firm of Sullivan, Cromwell. Sullivan, Cromwell
is a CIA affiliate which gave us Allen Dulles (CIA Director)
and John Foster Dulles (Secretary of State).
As for Asa Hutchinson, the Republican Congressman
from Arkansas whom President Bush has nominated to head the
DEA, nothing speaks more eloquently of the outrage than the
words of veteran Arkansas journalist Mara Leveritt [See story
this issue]. His complicity in covering up an enormous volume
of cocaine smuggling in Mena, Arkansas connected to the Contra
war is "slap-in-the-face" obvious. No more can the
Democratic side of Congress react to Mena as a right-wing
conspiracy. This time the dirt lies on a member of the "Shi-ite"
faction of the Republican Party.
It doesn't matter anymore whether the American public chooses
to notice. The fait accompli is that drug money and
criminal money are now out of the closet as the most important
determinants of economic success for the US financial system.
The careless arrogance of these moves only reveals the utter
confidence in Washington, on Wall Street and in the banking
system that no voices from the wilderness can stop it. Will
the defection of Vermont Senator Jim Jeffords out of the
Republican Party on May 24 make a difference? Sure the Democrats
will now control the committees overseeing the Citigroup
buyout and the Hutchinson confirmation. But the scythe of
dirty money has cut heavily down both sides of the aisle.
-- I'm not holding my breath .
Mike Ruppert -- 5/31/01
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