Wall Street, CIA and the Global Drug Trade Los Angeles policeman Mike Ruppert blows the whistle on Wall Street's role in laundering drug money for CIA

Extracted from Nexus Magazine, Volume 8, Number 6 (October-November 2001)PO Box 30, Mapleton Qld 4560 Australia. editor@nexusmagazine.comTelephone: +61 (0)7 5442 9280; Fax: +61 (0)7 5442 9381From our web page at: www.nexusmagazine.com
An interview with Michael C. Ruppertby Guerrilla News Network © 2000



Who benefits most from an addicted inner-city population?
It's not just who benefits most; it's how many people can benefit on how many different ends of the spectrum.
We published a story in my newsletter From The Wilderness in May of 1998 that was written by Catherine Austin Fitts, a former Assistant Secretary of Housing [and Urban Development, HUD]. She produced a map in 1996, August of 1996--that's the same month that the Gary Webb story broke in the San Jose Mercury News. It was a map that showed the pattern of single family foreclosures or single family mortgages--HUD-backed mortgages--in South Central Los Angeles. But when you looked at the map all of these HUD foreclosures, they were right in the heart of the area where the crack cocaine epidemic had occurred. And what was revealed by looking at the HUD data was that, during the 1980s, thousands of middle-class African American wage-earning families with mortgages lost their homes. Why? There were drive-by shootings, the whole neighbourhood deteriorated, crack people moved in next door, your children got shot and went to jail and you had to move out. The house on which you owed $100,000 just got appraised at $40,000 because nobody wanted to buy it and you had to flee; you couldn't sell it, so you walked on it. And what Catherine's research showed was that someone else came along and bought thousands of homes for 10 to 20 cents in the dollar in the years right after the crack cocaine epidemic.