Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

The Real Deal: In Defense of American Drug Lords

Narco-Dollars For Dummies (Part 11)
How The Money Works In The Illicit Drug Trade


Part 11 in a 13 Part Series
By Catherine Austin Fitts
First published in the Narco News Bulletin

EARLIER PARTS TO THIS SERIAL...
Part 1 - Narco Dollars For Dummies
Part 2 - Sam & Dave Do White Substances
Part 3 - The Ultimate New Business Cold Call
Part 4 - On Your Map
Part 5 - Getting Out of Narco Dollars HQ
Part 6 - Georgie And West Philadelphia
Part 7 - Dow Jones Up, Solari Index Down
Part 8 - Fast Food Franchise Pop

Part 9 - At the Heart of the Double Bind
Part 10 -
Drugs as Currency

******

In Defense of the American Drug Lords

It's 1947. You want to make sure that America wins in the great game of globalization. The winner will be the country that accumulates the largest pool of capital to finance its corporations and investment in new technology. That is a problem because Americans vote for leaders who help them spend, not save. No matter how hard Sam the sugar man works and no matter how much he saves, how much capital can be pooled at SLIM PERCENTAGE? It is fair to say it is not enough to beat the investment network that can pool capital at BIG PRECENTAGE growth rates. (See Part I for the story of Sam and Dave).

Indeed, what a history of narcotics trafficking and piracy and various other forms of organized crime over the last five hundred years show is that our leaders have been in a double bind for centuries. The only thing more dangerous than getting caught doing organized crime, is not being in control of the reinvested cash flows from it. This is why monarchs played footsie with pirates in Elizabethan times and no doubt have been doing so ever since.

After taxation, organized crime is a society's way of forming lots of pools of low cost cash capital. Organized crime is a banking and venture capital business.

So the reality is that if you want to control the cash flow and capital that controls the overworld, you've got to control the cash flows getting generated by the underworld. Indeed, you've got to have an underworld. If it does not exist, you need to outlaw some things to get one going.

Here is the bottom line on how the money works on narco dollars. Unless Sam switches to dope, Dave will win his wife, his mistress, his banker, buy his company, buy his Congressman and be the star at the local charities. Everyone will admire and pay attention to Dave.

It's the power of compound interest.

It's 1947. If you don't do it, you will be the loser. What would you do?

(continues...)

******

...come back tomorrow for Part 12 of Narco-Dollars for Dummies...

- AUTHOR NOTE: Catherine Austin Fitts, author of Scoop's "The Real Deal" column, is a former managing director and member of the board of directors of Dillon Read & Co, Inc, a former Assistant Secretary of Housing-Federal Housing Commissioner in the first Bush Administration, and the former President of The Hamilton Securities Group, Inc. She is the President of Solari, Inc, an investment advisory firm. Solari provides risk management services to investors through Sanders Research Associates in London.

Anti©opyright Solari 2002

© Scoop Media

 
 
 
Top Scoops Headlines

 

Commercial Scoop User? Help Scoop Survive (and Thrive!)

The ScoopPro licensing terms require that commercial users of Scoop.co.nz pay a reasonable fee in order to access the Scoop site so that this same information remains free and accessible to the wider public regardless of their disposable income. More>>

Joseph Cederwall: Building a Community Newsroom

A combination of new technology, ideas, institutions and business models and a renewed energy and commitment by the Scoop team, means Scoop aims to be at the forefront of the development of this renaissance that we term ‘News 3.0’. More>>

ALSO:

Scoop 3.0: Saving The News

Scoop Co-Founder Alastair Thompson - One of the saddest aspects of the decline of the news industry, not just here in NZ - but everywhere, is that it often seems invisible, in large part because news is a confidence business... More>>

ALSO:

Gordon Campbell: On The Democratic Leadership And Trump

On the big picture, the poll predictions were dead right. In the end, the Democratic Party won a clear victory in the House, and lost as expected in the Senate, where it had been defending at least 10 seats in regions that had voted heavily for Trump in 2016. More>>

ALSO:


From Lascars To Skilled Migrants: Indian Diaspora In NZ/Aus

More than half a million people of Indian descent live in Australia and New Zealand. The history of the Indian diaspora in these countries is older than many might imagine, going back 250 years. More>>

 
 
 
 
 
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog