For over two decades at LRC I have been writing about the Narcosaurus — The Narcosaurus in the Room; Narcosaurus Update: Banksters and Gangsters; and The Narcosaurus.
Along with the multinational petroleum and weapons/intelligence industries of the military-industrial complex, the global narcotics trade is one of the biggest and most lucrative businesses in the world. It is fueled and enabled by the intersection of drug money, intelligence and money laundering on a vast scale by banks and financial institutions.
I said that it was time to quit ignoring the Narcosaurus in the bankster board room (and the network newsroom) and come clean with the truth. Pieces of the story were starting to emerge from Antonio Maria Costa, head of the UN Office on Drugs and Crime, in this brief article, “Drug money saved banks in global crisis, claims UN advisor.”
Researchers have connected the dots linking the “underworld” of organized crime (narcotics) to the “upperworld” of the Establishment (Wall Street banks and CFR-connected corporations/foundations/media). Interwoven within the nexus are the covert intelligence agencies of the deep state.
Besides the vast illegal proceeds from international drug trafficking and money-laundering, one of the important early covert sources of financing the syndicates’ Las Vegas Strip was from the Eccles brothers banking empire. George Stoddard Eccles was the heir of the largest Mormon fortune in Salt Lake City and one of the richest men in the Rocky Mountain West, while his brother Marriner Eccles was chairman of the Federal Reserve and key architect of the New Deal’s central banking system. Somehow it seems reassuring that along with gangsters Meyer Lansky, Bugsy Siegel, and Moe Dalitz, the head of the Fed was an important player in the building of this oasis of crime. What’s past is prologue. When will today’s unsavory truth finally come out about those Teflon Dons, Greenspan and Bernanke, and their roles in this mess? AUDIT (then END) THE FED!
It’s all about drugs. It has always been all about drugs. Researcher Peter Dale Scott has convinced me that the “deep politics” reality of our foreign policy with the Third World since the end of World War II has been narco-centric, behind the Cold War/War on Terror public facade or rationale. We clearly saw this in the 2008 revelations of AIG, Goldman Sachs, and the bailouts, which have begun to expose the Narcosaurus as never before.
As Larry Chin observed:
“AIG’s involvement to US covert operations stretches back to World War II, in its roots as C.V. Starr, the intelligence-related proprietary founded by OSS agent Cornelius Vander Starr. The Starr proprietary was connected to CIA/OSS figures Paul Helliwell and Tommy Corcoran. The notorious CIA fronts connected to C.V. Starr, including Civil Air Transport, Sea Supply, and Air America/Pacific Corp were exposed by Peter Dale Scott in his book Drugs, Oil, and War: The United States in Afghanistan, Colombia, and Indochina. It is also a huge financial “pass-through”, whose counter-parties include Goldman Sachs and (not surprisingly) the same major financial institutions that are the top recipients of the US government’s TARP bailout.”
“It is no surprise that Barack Obama is the top recipient of AIG funds. AIG’s money also lines the pockets of other members of the Obama administration, and prominent members of Congress, including Senator Christopher Dodd, who has been accused of a sweetheart deal aiding AIG.”
For more on intelligence asset Barack Obama’s Wall Street connection, see Charles Gasparino’s book, Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street.
It all goes to show that the essential predatory essence of the state has not changed for millennia. George Washington Plunkitt would be proud of his protégées in public plunder. Plunkitt, who became a millionaire due to his career in Tammany Hall politics, is famous for making the distinction between “honest graft” and “dishonest graft.” “I seen my opportunities and I took ‘em.”
In his brilliant book, American War Machine, (see page 26 following) researcher Peter Dale Scott points out that from the beginning of the CIA (Central Intelligence Agency) or the OPC (Office of Policy Coordination), these entities were dominated and staffed at the highest levels by former Wall Street investment bankers and lawyers, men well regarded by their elite peers in NYC Social Register circles.
This elite has always run intelligence. This is something that the anti-TARP tea parties or anti-corporatist Occupy groups seldom acknowledged.
These Machiavellian efforts, much like the evolution of the Fed, grew out of a hybrid symbiotic relationship.
These mercenary entities were no more “private” initiatives than earlier similar collaborative efforts such as the Bank of England, the British East India Company (the major player in much of early Indian and colonial American history, e.g., the Boston Tea Party), or The World Commerce Corporation (see pages 70 following in Peter Dale Scott’s American War Machine).
The common denominator among all these entities was narcotics. It all comes back to “the Narcosaurus,” lurking in the Wall Street bank board room, the TV network news room, or the covert-ops division in the intelligence services.
9:33 am on June 10, 2025
