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Narco-Banking Destroys an Economy

January 1, 2001

Narco News 2001

The Narco News Bulletin:

"The Name of Our Country is América" - Simón Bolívar

Ecuador Held Captive

by P.J. Peralta

Att: Al Giordano

I find your information revealing and revolutionary. You mention countries such as Peru, Chile and Mexico as being in the grips of US agency drug cartels. The recent revelations about Peru and Chile have proved what some newsmen and other interested people had been saying for years. In the case of Peru, the relationship is obvious: Montesinos was the CIA man for Peru and at the same time he was conducting the Peruvian intelligence. You are missing, however, the case of Ecuador.

Janet Reno said in 1999 that Ecuador had been sending 10 tons a month of cocaine for quite some time. This was on the occasion of the "Millennium" operation in Feb. 1999, that seized 3 tons of cocaine in Quito. This caused the withdrawal of narco-money from the banks and the failure of the banking system.

In order to accelerate this failure, the government of Ecuador approved a tax that penalized every banking transaction with a 1% tax. All this was done in order to "dollarize" Ecuador by making the US dollar the official currency in Ecuador. The same approach has been undertaken in El Salvador and Guatemala.

Most informed people in Ecuador agree that Ecuador is a transit country for Colombian drugs. Shipments are made in containers, protected by the authorities. And this has been going on for more than two decades. Ecuador was instrumental in the first cocaine shipments to Eastern Europe, through barter banana shipments in exchange with faulty cars and machinery. Ecuador was graciously allowed to be the first South American country to undertake this sort of business with the former socialist countries. There is no doubt that the cocaine trade had a lot to do with the creation of the mafias that are running the present corruption in those countries. This was the work of the CIA.

In order to conduct the drug trade, Ecuador has been held captive by a group of corrupt individuals that some think has no more than 400 members.

Others think it is about 1,000. They control the principal political parties, and the main political party controls the courts and the police. The dominion of the justice system has allowed total impunity to these people and they have proceeded to rob the country bare. The bank collapse - engineered by the same people - has produced a loss of 5 billion US dollars. In 1999, the Gross National Product fell by 40% and Ecuador is now one of the poorest countries in Latin America, with a per capita income of only $1,000 US dollars.

The "owners" of the country are, however, counted among the richest in South America and in the world.

If ever a CIA government has been successful in Latin America, it is the one in Ecuador. These people control the media, the political parties and the courts. No opposition voices can be raised against the "Colombian Plan" or against the "war on drugs" policies. Tens of thousands of poor people have been jailed on drug charges, while the main figures of the "official" cartel have been running the country.

The war on drugs has been used to promote corruption which has become the main ideology for local politicians. Every decade about 20 billion US dollars have been taken from Ecuador to Miami banks. So far three thousand individuals have arrest orders that have never been complied.

Most of these people live in Miami, and they can not be extradited. The US is the only country that has not signed the Anticorruption OAS Convention. This means that there is some sort of organized corruption going on in these countries, which allows the corruption-extracted funds to flow to the US.

The same people running the corruption schemes are the ones running the drug trade. This is the result of the CIA government in Latin America. I wish your reporters would make some investigation about the case of Ecuador, the most successful narco-country in South America.


P.J. Peralta

Operation Authentic Journalism