excerpted from the book
The Book That Drove Henry Kissinger
[international drug trafficking,
money-laundering, and state power]
Executive Intelligence Review,
1992, paperback (original 1986)
The international drug-traffic enters the history books with the
rise of the Sufi mystics, Syrian Hashishins (the "Assassins")
of Shaykh al-Jabal, in the time of the Assassins' Templar allies.
It was spread throughout the Asian littoral by Arab slavetraders.
It was taken over from the slave-traders, by the Venetian slave-traders
of the Levant Company. When the Levant Company moved into England
and the Netherlands, the Levant Company assumed the new name of
the "East India Company" of England and the Netherlands.
Adam Smith's employers, the British East India Company, established
world-monopoly in the opium-traffic during the eighteenth century,
and Britain ran the international drug-traffic, until Yuri Andropov's
Soviet KGB entered the traffic, and launched present-day international
narco-terrorism against the West during the 1967-1969 interval.
What are, today the leading financial
families of New England and New York, bridge the transition from
British to Soviet control of the international drug-traffic. The
Perkins Syndicate of Salem, Massachusetts, were the American drug-trafficking
partners of the British East India Company during the late eighteenth
and the nineteenth centuries: establishing the drug-traffickers'
fortunes which are the foundation of the wealth of the so-called
"Eastern Liberal Establishment," the New York Council
on Foreign Relations, of today. Not accidentally, these same families
of Britain and the United States, typified by McGeorge Bundy's
circles, are the leading accomplices of the Soviet dictatorship,
both in their connections to the drug-money-laundering banking
institutions, and in demanding that the United States appease
Soviet strategic demands, today. It is no accident, therefore,
that David Rockefeller, the founder of the pro-Soviet Trilateral
Commission, entered into a partnership with the late, drug-trafficking
Meyer Lansky, to turn the Mary Carter Paint Company, into the
mob-linked Resorts International and Intertel. In both Britain
and the United States, the "families" which built up
their fortunes in the proceeds from the nineteenth-century opium
traffic, are at the center of an organization known to insiders
as the "Trust," the main channel of present-day Soviet
KGB policy-shaping influence into policy-making circles of Western
Europe and the Americas. It is no accident, that Boston-based
U.S. Attorney William Weld, of the White Weld interests, interceded
to cover up the money-laundering organization created under present
White House Chief of Staff Donald T. Regan, among Merrill Lynch,
Credit Suisse, and White Weld, prior to Regan's becoming U.S.
Treasury Secretary. It is no accident that Donald Regan has become
a leading ally of Secretary of State George Shultz, and of Shultz's
Bohemian Grove crony, Henry Kissinger, in supporting operations
strategically decisive for Moscow, and contrary to the most vital
strategic interests of the United States.
Americans, and others, are increasingly fearful of international
terrorism. Few, unfortunately, understand that terrorism is so
tightly integrated with the international drug-traffic that the
two can not be separated from one another.
The kingpins of the U.S. branch of the drug cartel [are] led by
Henry Kissinger and the Anti-Defamation League of B'nai Brith.
Although [Henry] Kissinger has been historically a close ally
of the most rabid factions inside Israel and within the Zionist
establishment in the United States, his primary allegiance through-out
his political career has been to the British Crown and its intelligence
and financial tentacles.
On May 10, 1982, addressing a celebration
at the Royal Institute for International Affairs at Chatham House
in London, Kissinger boasted that throughout his career in the
Nixon and Ford administrations, he had always been closer to the
British Foreign Office than to his American colleagues, and had
taken all his major policy leads from London. Kissinger set up
the international "consulting firm" Kissinger Associates,
in partnership with Britain's Peter Lord Carrington, shortly after
he delivered that Chatham House lecture.
Chatham House is a successor to the old
British East India Company, and serves as the think-tank and foreign
intelligence arm of the British Crown. The roots of Chatham House
are to be found in Britain's nineteenth-century Opium War policy.
Kissinger is no stranger to the world
of international dope-trafficking. The 1978 edition of Dope, Inc.
told how Kissinger played a pivotal role in covering up the involvement
of the People's Republic of China in the Southeast Asia Golden
Triangle heroin trade in the early 1970s when he was shuttling
between Washington and Beijing playing the "China card."
Tens of thousands of American GIs who became addicted to drugs
in Southeast Asia during the Vietnam War should hold Kissinger
at least partially responsible for their habits. Later, during
the 1980s, through Kissinger Associates, Henry became a business
partner of some of the same Chinese opium lords he protected from
American drug enforcement for over a decade.
[The] National Endowment for Democracy (NED), [was] a covert operations
funding agency housed in the State Department's U.S. Information
Agency. The NED was at the center of the secret support for the
Oliver North was in the middle of a major international arms-for-drugs
trafficking operation which was run out of his National Security
Council office at the Old Executive Office Building next door
to the White House.
Colonel North was the day-to-day operations
officer for the Contra resupply program. But it was Vice President
George Bush, the former CIA director, who was formally in charge
of the entire Reagan administration Central America covert operations
program. Under National Security Decision Directive 3, signed
by Ronald Reagan in May 1982, Bush was placed in charge of two
little-known White House secret committees: the Special Situation
Group (SSG) and the Crisis Pre-Planning Group (CPPG). Oliver North
was the secretary of the CPPG, and it was in this capacity that
he ran the Central America spook show-under George Bush.
North's personal notebooks, which catalogued
most of his meetings, telephone calls, and personal observations
during his White House days, betray the fact that he was well
aware that the Contras were being heavily financed by Miami-based
The use of Middle Eastern dope-smuggling networks was as pervasive
a feature of the Reagan-Bush era Iran-Contra misdeeds as was the
hiring of Colombian cocaine cartel pilots and money launderers
to supply the Contras.
For the past 20 years, a large and growing component of Dope,
Inc. has been the combined machinery of gangster Meyer Lansky
and the Israeli Mossad.
The single, integrated, multinational cartel which runs [the international
drug] trade is properly referred to as "Dope, Inc.".
In 1986, EIR [Executive Intelligence Research] researchers concluded
that the U.S. drug trade grossed a minimum of $250 billion per
year, and that if non-U.S. drug-trafficking and other aspects
of the "black economy" (such as the illegal weapons
and gold trade) were taken into account, the total figure would
be in the range of $500 billion per year... In 1986, world drug
trafficking was close to $400 billion. By 1989, the last year
for which figures are available, that total had leapt to $558
billion. This is much larger than the annual world consumption
Dope, Inc.'s annual revenues from street sales of drugs rose from
$175 billion back in 1977, to about $400 billion in 1987, to $558
billion in 1989. It has been growing by an average of about 18%
per year over the last few years-more rapidly than any productive
economy on the face of the Earth. At this rate, Dope, Inc.'s size
doubles every five years! Its main components are cocaine, marijuana
and hashish, opium and heroin, and other synthetic chemical drugs
such as amphetamines, LSD, and so on.
The large international banks that finance the drug trade get
it and launder it, using it to prop up their bankrupt international
financial system... over the past 12 years, the total cumulative
revenue that banks have received from just the Ibero-American
portion of the drug trade is almost $2 trillion.
The so-called "War on Drugs" of the Bush administration
is a cruel joke. Its official purpose is, at best, to reduce the
drug trade by 50% over a 10-year period. In practice, this means
Washington is picking and choosing which drug mafias will survive
and flourish, and which will be driven out of business-all the
while confessing that the best solution of all would be to legalize
the entire trade. Throughout, the financial controllers of Dope,
Inc. are protected from all prosecution.
Cocaine is the one drug that is produced almost 100% in Ibero-America.
The coca leaves are grown here, and the processing laboratories
which produce the basic paste of cocaine, and then the refined
cocaine, are located here.
In 1989 the continent as a whole produced
703 tons of cocaine hydrochloride, measured in terms of maximum
potential cocaine production if all known coca leaf harvested
were refined into cocaine. (This is the standard international
unit for measuring cocaine.) As the map shows, by 1989 Peru had
assumed the lion's share of coca production (373 tons), followed
by Bolivia and Colombia. However, the bulk of refining of coca
paste or base into pure cocaine occurs in Colombia, followed secondarily
by Bolivia and Peru, which refine only a small portion of their
coca base. Therefore, the figures should not be misunderstood
to imply a lesser role for Colombia in the cocaine trade: They
simply indicate that its local production of coca leaves is less
than that of Peru and Bolivia.
A critical input to the transformation
of coca leaves into cocaine, are certain chemicals, such as ether
and acetone. Although these are legal chemicals that have valid
industrial uses, they are obtained illegally by the drug runners
in large quantities, principally from the United States, Western
Europe, and also Brazil.
Historically, the vast majority of Ibero-American cocaine h1 been
shipped to the United States from laboratories in Colombia and
the trinational triangle in the jungle area where Peru, Brazil,
and Colombia meet. Up until a few years ago, the principal route
was to the Miami area, by both air and sea. But increased surveillance
and interdiction along this route have forced the mafia to develop
a second major route through Central America and Mexico, before
entering the western United States.
The international drug trade today has amassed such power, wealth,
and military might that it almost constitutes a government unto
itself, stronger and better supplied than the legitimate governments
of many nations.
... Dope, Inc.'s vulnerable flank is the
international network of banks and other financial institutions
that "launder" the cartel's $558 billion per year in
gross revenue. This is the most serious logistical problem faced
by the drug trade, where it is most vulnerable. Action by governments
against the drug bankers could rapidly shut down Dope, Inc.
... Under U.S. law, banks must report
all cash deposits . of $10,000 or more. Traffickers have turned
to high cash-turnover businesses -such as hotels, casinos, restaurants,
and sports events-to launder their money. Since banks don't have
to report deposits made by these businesses, drug profits are
simply mixed in with legal cash flows.
Cash is also frequently shipped out of
the United States. Often planes which fly cocaine into the U.S.,
fly back loaded with $20, $50, and $100 bills. The bills can then
either be deposited directly in offshore banking centers-where
no questions are asked-or in remote bank branches in the drug-producing
countries. These funds are then wire-transferred out to the offshore
banks, into secret accounts where there is no government supervision.
Only a tiny portion (at most 10%) of the
drug revenues ever stay in the producer countries-and virtually
none of that benefits those nations' productive economies. It
is simply a lie to say that the drug trade is a "bonanza"
Although no precise figures are available,
a leading antidrug prosecutor in Switzerland, Paolo Bernasconi,
told Italy's La Stampa newspaper in January 1990 that the leading
money-laundering centers include the United States (Miami and
Wall Street), Canada, Great Britain, and, of course, Switzerland.
Today many Ibero-American governments,
including Venezuela and Mexico, are rushing to change their banking
laws so that they can capture some of these "hot money"
flows. They foolishly view this as a way to help pay their foreign
debt, and solve their financial crises.
The world financial system is now as addicted
to drug monies as a junkie is to heroin. Without the regular flow
of those monies, the system would collapse.
As the London Economist wrote proudly
in 1989: "It is obvious ... that drug dealers use banks....
The business ... has become part of the financial system.... If
you had morals or ethics in this business, you would not be in
U.S. finances are so dominated by money-laundering
that Treasury officials cannot locate 80% of all the dollar bills
printed by the U.S. Treasury. Cocaine plays such a predominant
role in the U.S. financial system that a significant majority
of all $20 bills show physical traces of cocaine dust on them!
Yet no government has ever touched the
system which allowed this to occur. At best, a few accounts here
and there have been seized. To this day, money-laundering is not
even a criminal offense in 8 out of the 15 industrialized nations.
In the United States, the center of the problem, government action
is a joke: No top management has ever been charged or prosecuted
for criminal money-laundering activity.
The banks didn't just take advantage of
the drug trade profits; they have promoted their "right"
to make use of them. As one banker stated in an off-the-record
discussion in London in "is the biggest source of new financial
business in the world today .... I know banks which will literally
kill to secure a chunk of this action."
The banker worked for one of Wall Street's
biggest investment houses, Merrill Lynch. The chief executive
officer of Merrill Lynch for 12 years was Donald Regan, who served
as treasury secretary and chief of staff of the White House for
seven years of the Reagan presidency.
The bankers have also sponsored the campaign
to legalize drugs. "Cocaine is indeed clearly the most profitable
article of trade in the world," the Economist wrote in August
1989. "Vast untaxed profits amass in the conspirators' hands."
The time has come to legalize the dope trade, the magazine argued.
A working alliance has been created between the U.S. government
and the Cali Cartel, against the MedellIn Cartel of Pablo Escobar
and José Gonzalo Rodriguez Gacha. The result has been,
as now admitted in such organs of the liberal Establishment such
as the Washington Post, that the Cali Cartel ha become dominant
among the different Colombian groups.
[There is a] single worldwide underground economy servicing the
illegal arms and drug trade.
The idea that some of the world's leading private financial institutions
were deeply implicated in the witting laundering of hundreds of
billions of dollars a year in illegal dope money was seen as the
single most shocking fact brought to light with the first release
of Dope, Inc. We demonstrated that dope was the largest commodity
in international trade, with the exception of petroleum, and that
the annual revenues of the narcotics traffic exceeded the national
product of most of the world's nations, and the revenues of the
largest multinational companies.
The American weekly magazine Saturday
Review described our view as "a truly apocalyptic vision."
The intervening years and their unbroken string of revelations
have shown that the apocalypse is here. After the November 1984
publication of the report on money laundering of the President's
Commission on Organized Crime, the March 1983 report of the Permanent
Investigations Subcommittee of the U.S. Senate, and countless
congressional hearings on the subject of banks and money-laundering,
the core contents of Dope, Inc.'s first edition have been restated
by official sources.
In 1978, we asked, "How is it possible that $200 billion
and up in dirty money, crisscrossing international borders, can
remain outside the control of the law? Again, only one possible
answer.. can be admitted: a huge chunk of international banking
and related financial operations have been created solely to manage
' dirty money. More than that, this chunk of international banking
enjoys the sovereign protection of more than a few governments."
Half a decade ago, the charge seemed adventurous
to many. Measure it against the conclusions of the study entitled,
"Crime and Secrecy: The Use of Offshore Banks and Companies"
issued, by the Permanent Investigations Subcommittee of the Senate
(SPIS) in 1983 after two years of investigations. The investigators
estimated the illegal economy of the United States at up to 10%
of reported Gross National Product, or over $300 billion. The
study reported that London is the leading center worldwide for
the concealment of funds, a charge first made in Dope, Inc.; that
two-fifths of all foreign banking activities conducted out of
Switzerland are performed with other offshore centers, Switzerland
being the center for the practice of "layering" secret
financial accounts so that beneficial ownership is impossible
... The SPIS report concluded that illegal
financial operations are now so closely meshed with the offshore
banking system in general that the movement of illegal funds may
constitute a threat to the security of the world banking system
as a whole.
By October 1984, the role of some of Boston and New York's most
prestigious commercial banks and investment houses in washing
drug money had become such a public scandal that the Reagan administration
drafted model legislation allowing for criminal prosecution of
bank corporate executives. And the President's Commission on Organized
Crime, a blue ribbon panel established by Ronald Reagan by Executive
Order 12435 on July 23, 1983, devoted the entirety of its first
published report to "The Cash Connection: Organized Crime,
Financial Institutions, and Money Laundering." Among the
big league financial houses cited in the commission's report for
washing hot money were Chemical Bank, Merrill Lynch, Chase Manhattan
Bank, and Deak-Perrera.
When the President's Commission on Organized
Crime released its report, the bag of tricks of the narcotics
traffic was put on display, at least the best known of them: the
use of casinos to launder drug money, the corruption and virtual
takeover of banks , the participation of such august firms as
The international network we called Dope, Incorporated has not
merely flourished; it has risen to commanding heights in the world
economy. The International Monetary Fund shamelessly does its
bidding among the debtor nations of the developing sector.
The international drug traffic works like a single multinational
firm, not unlike the Swiss-based pharmaceuticals cartels-controlling
production, supply, distribution, stockpiling, and financing through
a single, integrated management.
... Through global control of the means
of exchanging dirty money for clean money, through control over
the supply of narcotics, through a dominant position in the international
markets for precious metals and gemstones, and, above all, through
its ability to bring a multi-hundred billion dollar annual cash
flow to bear upon the corruption of the legal organs of sovereign
national states, Dope, Inc. exercises a unique sort of political
... Beyond the specifics of this or that
business deal or political arrangement, is a shared world outlook
of a sort that has been around since at least the days of the
Chaldean-Babylonian empire. It is an oligarchical outlook that
views man as essentially a "talking beast," a creature
of appetites to be governed through the manipulation of a priesthood
whose business it is to apply pleasure and pain to achieve desired
results. Narcotics have always played a central role for oligarchs.
It is therefore hardly surprising that
the same oligarchy that controls the filthiest elements of the
financial underworld today, dominates, and bends to the same purposes,
the leading institutions of international finance: the International
Monetary Find and the Basel-based Bank for International Settlements.
... Henry Kissinger, together with his
international political directorate known as Kissinger Associates,
is the individual who stands at the intersection point of every
one of these networks: the back-channel with the Soviet Union,
the drug and terror networks from Italy to Ibero-America, and
the highest levels of finance, including his directorship in American
Express, the entity into which has merged a major portion of Dope,
This command structure contains the following
* The British combination that controls
offshore banking and precious metals trading, i.e., the Hongkong
and Shanghai Bank, the Oppenheimer gold interests, top British
financial institutions such as Eagle Star Insurance and Barclay's
Bank, and their Canadian cousins such as Bank of Montreal and
Bank of Nova Scotia;
* The major Swiss banks;
* The continuity of Venetian-Genoese financial
manipulations in the personage of the late Roberto Calvi of Banco
Ambrosiano, and the shadowy Edmund Safra of American Express;
* The combined offspring of the Swiss
bankers and the old European fondi, the international grain cartel
of Cargill, Continental (Fribourg family), Bunge, and Louis Dreyfus;
* The Boston Brahmin families and the
big American financial institutions associated with Henry Kissinger,
including Citibank, Chase Manhattan Bank, and American Express.
We identify a tightly closed financial network whose origins lie
in the Dutch and British East India Companies and the modern origins
of the narcotics traffic in the British Opium Wars of the 1840s.
The paradigm for this network is the London Committee, or British-based
directors, of the Hongkong and Shanghai Bank, the central bank
for Dope, Incorporated. It ties in directly and immediately to
the five big London clearing banks, the five London "gold
pool" dealers, and the big Canadian international banks.
This network provides the offshore banking,
precious metals, and related capabilities to cause several hundred
billion dollars per year to disappear from the streets of New
York, Amsterdam, Frankfurt, and Hong Kong, and reappear as apparently
legitimate assets wherever convenient. We showed further that
Anglo-Chinese collaboration in the Asian opiates traffic was a
matter of official policy on the part of the People's Republic
of China, and "business arrangements" of the British
elite dating back to the first corruption of the Imperial Chinese
bureaucracy by the British East India Company.
The Oppenheimer mining group, heirs to the empire of Cecil Rhodes,
is the dominant force-in collaboration with HongShang and its
Mideast subsidiaries-in the illegal traffic in gold and diamonds
through which so much dirty money is turned into untraceable,
portable assets. Through its diamond monopoly, De Beers, its mining
corporations, Anglo-American Mining and Consolidated Gold Fields
of South Africa, through its commodity trading organization, Phibro,
the Oppenheimer group has expanded its tentacles across the world
and, most of all, in the United States.
The old United Fruit Company, renamed United Brands in the 1960s,
has been the center of American organized crime since the turn
of this century ... United Fruit's banana boats coming into Baltimore
harbor have been the freest vehicle for the physical passage of
contraband into the United States. In its successive corporate
reorganizations, United Brands has since wound up in the hands
of Cincinnati, Ohio insurance financier Carl Lindner, the principal
business partner through the last three decades of Michigan organized
crime heir Max Fisher. And through an entanglement of financial
interests that might have been invented by a gaudy but unimaginative
mystery novelist, the fate of United Brands has been intertwined
with that of American Express, the world's most efficient silent
money-mover, and the prince of Levantine money-laundering, Syrian-Swiss
financier Edmund Safra. American Express, the monster that devoured
half the old great houses of Wall Street, ties together the United
Brands crime and smuggling capability, the financial networks
who created and funded the Argentine Monteneros and other terrorist
organizations, as well as the Swiss-based interests who have acted,
for a generation, as the private couriers of the Soviet Union
in the international gold markets.
Investment banking in the United States is now almost wholly controlled
by the ancient European fondi, that is, family trust funds whose
pedigree goes back to the financing of the Crusades by Genoa and
From 1971 to 1981, in the decade after
then-Treasury Undersecretary Paul Volcker removed its gold backing,
the U.S. dollar fell to a mere 60% of its pre-devaluation level,
while the combined effects of inflation and lower stock prices
devalued American equity to about 30% of its 1971 level in terms
of gold. From the standpoint of the old oligarchical fondi, secured
through gold, American equity could be had for a fifth of its
pre-1971 price during the late 1970s.
A similar collapse of the dollar and equity
values occurred during the years 1929-1933. With stock prices
at a fraction of their previous values, and the economy in ruins,
President Franklin Roosevelt was persuaded by the American friends
of John Maynard Keynes to force a devaluation of the dollar in
1932, giving the old fondi-particularly the fortunes of the Franco-Swiss-Italian
"gold bloc"-the chance to buy into American equity at
distress prices comparable to those available during the late
Among modern financial institutions, the
Assicurazioni Generali of Venice, the heir to the old Venetian
fortunes, provides the most clues to the operations of the fondi.
The "Generali," as an insurance organization, is a clearing
house for the operations of numerous fondi, each one represented
by its frontman, one of the principal European investment banks.
Its board of directors consists of the principal banking fortunes
of Western Europe.
Assicurazioni Generali and the Bank for International Settlements
of Basel (the "central bank for central banks"), are
the world's only financial institutions to keep their books in
the old pre-war Swiss gold franc, the "hard currency"
which the fondi employed to buy American equities at a dime on
the dollar during the first fumbling years of the Roosevelt administration.
They waited long to avenge themselves
against the upstart United States. Their chance came with the
break of the dollar from its gold backing in 1971.
... One by one ... major Wall Street houses
fell under the control of the old European fondi. The dominant
mergers and acquisitions operation on Wall Street, Lazard Frères,
had never been an American house in any event; it was always dominated
by the French-Jewish David-Weill family, and only managed for
the interim by its then chairman, André Meyer, when no
suitable family member was available.
Drexel Burnham Lambert, the sixth-largest
house, sold out its entire capital to the Lambert family of Brussels,
the Belgian cousins of the Rothschild family.
A.G. Becker, an old-line Chicago brokerage
firm, merged into a ménage-à-trois with S.G. Warburg,
the supposedly independent branch of the Warburg banking family,
and the ancient French-Ottoman Empire firm, the Banque de Paris
et des PaysBas (Paribas), to create Warburg-Becker-Paribas (subsequently
merged into Merrill Lynch during 1984).
With virtually no exceptions, Wall Street's
major houses sold out to the fondi. Finally, in 1981, Wall Street's
most powerful investment bank (with the possible exception of
Henry Kissinger's employer Goldman Sachs), Salomon Brothers, merged
with Phibro, the trading arm of the Oppenheimer interests.
About $100 billion in banking assets in the Bahamas alone, as
well as substantial operations in the British Virgin Islands,
Netherlands Antilles, Cayman Islands, and other Caribbean banking
centers, move the money that disappears from the world's balance
sheet in the form of the $200 billion "statistical discrepancy".
Chief investment banker to the region is the International' Trust
Corporation, or Itco, created by Anglo-American in consortium
with Barclays Bank of the U.K., the Royal Bank of Canada, and
N.M. Rothschild of London - Itco creates banks, investment companies,
commodities firms, tax shelters, trust funds, and insurance and
reinsurance outlets throughout the Caribbean, smoothing contacts
with local bank regulators and backstopping the legal position
of the offshore market operators with which it deals. Itco is,
in effect, the offshore-banking sister subsidiary of Phibro.
David Rockefeller's Chase Manhattan Bank... In 1966, a memo circulated
in Chase's international division argued explicitly that the bank
should seek illicit international funds as new sources of deposits.
In Chase's international department, this became referred to as
"looking for mafia money."
When Henry Kissinger was elected to the board of directors of
American Express. In March 1984, a circle was completed which
had begun with the wave of foreign takeovers of American securities
houses during the 1960s and 1970s. George Ball's old firm, Lehman
Brothers, had long since been absorbed by its great rival among
the old-line German-Jewish Wall Street houses, Kuhn Loeb, to form
Lehman Brothers-Kuhn Loeb. Shearson Hayden Stone, the second retail
broker after Merrill Lynch, had repeated Merrill Lynch's march
into investment banking by absorbing the third of the old-line
Gennan-Jewish firms, Loeb Rhoades. Now American Express, in turn,
swallowed up Shearson-Loeb Rhoades and Lehman-Kuhn Loeb, bringing
under a single umbrella a large part of ... as the supposedly
respectable interests behind organized crime and the drug traffic.
... Shearson Lehman American Express,
as the ultimate Wall Street merger calls itself, is the phoenix
which has arisen from the ashes of the offshore money markets.
The new entity is effectively controlled, in turn, by two of the
world's shadiest financiers, Edmund Safra and Carl Lindner, each
of whom owns about 4% of the stock. Lindner, as noted earlier,
owns the old United Fruit dope-pushing apparatus.
Henry Kissinger, who serves as vice chairman of the International
Advisory Board of' Chase Manhattan Bank (he was chairman until
David Rockefeller retired from the bank and moved to its International
Advisory Board); adviser to Goldman Sachs; and a consultant to
dozens of leading corporation financial institutions through Kissinger
The members of Kissinger Associates represent
a de facto board of directors for the entity we call Dope, Incorporated.
Britain's Lord Carrington, the cofounder of Kissinger Associates
until his move to NATO headquarters in Brussels... Lord Carrington
was replaced on the Kissinger Associates board in mid-1984 by
the chairman of the London merchant bank S.G. Warburg, Lord Eric
Roll of Ipsden. Lord Roll had just completed a reorganization
of London Warburg interests under the umbrella of the Warburg
holding company Mercury Securities.
... The staff of Kissinger Associates
is headed by Lawrence Eagleburger, the former highest-ranking
member of U.S. foreign service, and a Kissinger protégé
since the Nixon days. In a 1984 series on Jamaica's marijuana
economy, the New York Times ridiculed Eagleburger's claims that,
in supporting the Edward Seaga regime in Jamaica, he had no idea
that Seaga had intentionally made marijuana the country's principal
cash crop. Seaga had announced his intention to the Washington
Post and on the U.S. network television program "Face the
The intertwining of interests represented
in Kissinger Associates is not new. On the contrary, these are
representatives of the ancient fondi who have collaborated for
centuries. What is new and ominous is that the men who perform
the dirty work of the fondi have moved out of shadows of Caribbean
offshore banking and Hong Kong smuggling, and into the board rooms
of the most powerful American financial institutions, and close
to the councils of the United States government itself. It is
even more ominous that the major conduit for the political influence
of the Soviet Empire in American politics has now become the point
of interchange of the constituent parts of Dope, Inc., doubly
so in the context of the Soviet move into the financial underworld.