How to Use this Website
About Michael C. Ruppert & FTW
Why Subscribe?

The World Since September 11th
C.I.A. & Drugs
Regional Conflicts
The Economy
Pandora's Box
Hall of Unsung Heroes

Get Involved
The Forum
Upcoming Events

Store Main Page
New Products
Package Deals
Subscribe to FTW
FTW Back Issues
Videos & DVDs
Special Investigations
Books & Magazines

Economy Watch
Nation Watch

About Michael C. Ruppert
Recommended Reading
What People Are Saying
Whistle Blowers

Copyright Policy
Terms & Conditions
Privacy Policy
Site Map
P.O. Box 6061-350
Sherman Oaks, CA 91413
(818) 788-8791
1998 - 2003© Copyright From The Wilderness Publications


As First Published in the July, 1999 issue


The Ultimate New Business Cold Call: NYSE Exchange Chief Pitches Colombian Rebel Forces


Catherine Austin Fitts, Contributing Editor

When I was on Wall Street, we used to think the investment bankers who made new business visits---"cold calls"---in Alaska were pretty adventuresome. We called these trips "Tundra patrol." Clearly, I was naive about what constituted exotic investment banking adventure. The Chairman of the New York Stock Exchange, Richard Grasso, has underscored for me how much times have changed.

In late June, numerous news services reported that Chairman Grasso and members of his executive staff flew to Colombia to meet with a spokesperson for Raul Reyes of the Revolutionary Armed Forces of Columbia (FARC), the country's largest leftist rebel group. 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.

It does not take much reading in between the lines to conclude that Grasso's mission somehow relates to the continued circulation of cocaine capital into and through the US financial system. Perhaps it would not be so wonderful if the Colombian rebels started circulating their profits back into local development without the assistance of the American depository and investment system. Worse yet, it would not be so wonderful for organized crime profit margins or the War on Drugs if the FARC's increasing military and political effectiveness were to, as FARC proposes, remove illegal profits by controlling the decriminalization of cocaine. It was only a few days after Grasso's trip that BBC News reported a GAO report to Congress as saying: "Colombia's cocaine and heroin production is set to rise by as much as 50% as the U.S. backed drug war flounders, due largely to the growing strength of Marxist rebels"

We can deduce from this incident that the liquidity of the NY Stock Exchange is sufficiently dependent on high margin cocaine profits that the Chairman is willing for Associated Press to acknowledge that he is making "cold calls" in rebel controlled peace zones in Colombian villages. That means that the myth upon which American global hegemony and liquid capital markets depend ---- the myth of the rule of law ---- is fraying.

Drug capital provides low cost capital, but not as much as the liquidity generated by the belief that in America, the government's word and our contracts are reliable and enforced by the rule of law. Grasso's trip underscores the fact that if we do not flip our model soon, we are headed into a tipping point when the unhealthy drives out enough of the healthy to implode the entire financial system.

Chairman Grasso's trip says to me that organized crime dollars have replaced petrodollars as the American financial system's number one circulatory disease and our addiction to drug profits is increasing our risk of a financial heart attack.

FROM email:
Your name:
TO email:

Sign Up Here for FREE Email Alerts!

[Subscribe to the From The Wilderness Newsletter]
Become a Member Today!


Truth And Lies About 9-11