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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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