The Committee of 300

Source: Exerpts from “Committee of 300” By John Coleman

The British oligarchical families of the Committee of 300 who were entrenched in Canton at the height of the opium trade left their descendants in position. Look at a list of prominent British residents in China and you will see the names of members of the Committee of 300 among them. The same holds good for Hong Kong. These plutocrats of a feudal era, that they seek to return to the world, control the gold and opium trade of which Hong Kong is THE center. Burmese and Chinese opium poppy growers get paid in gold; they do not trust the U.S. paper $100 bill. This explains the very large volume of gold trade in the Hong Kong exchange.

The Golden Triangle is no longer the largest producer of opium. That dubious title has since 1987 been shared by the Golden Crescent (Iran), Pakistan and Lebanon. These are the principle opium producers, although smaller quantities are once again coming out of Afghanistan and Turkey. The drug trade, and more: especially the opium trade, could not function without the help of banks as we shall demonstrate as we proceed.

How do banks with their great air of respectability fit into the drug trade with all of its attendant filth? It is a very long and complicated story, which could be the subject of a book on its own.

One way in which banks participate is by financing front companies importing the chemicals needed to process raw opium into heroin. The Hong Kong and Shanghai Bank with a branch office in London is right in the middle of such trade through a company called TEJAPAIBUL, which banks with Hong Kong and Shanghai Bank. What does this company do? It imports into Hong Kong most of the chemicals needed in the heroin refining process.

It is also a major supplier of acetic anhydride For the Golden Crescent and the Golden Triangle, Pakistan, Turkey and Lebanon. The actual financing for this trading is hived off to the Bangkok Metropolitan Bank. Thus, the secondary activities connected with processing opium, while not in the same category us the opium trade, nevertheless generates substantial income for banks. But the real income of the Hong Kong and Shanghai Bank and indeed all banks in the region is financing the actual opium trade.

It took a lot of research on my part to link the price of gold to the price of opium. I used to tell anyone who would listen, “If you want to know the price of gold find out what the price of a pound or a kilo of opium is in Hong Kong.” To my critics I answered, “Take a look at what happened in 1977, a critical year for gold.” The Bank of China shocked the gold pundits, and those clever forecasters who are to be found in great numbers in America, by suddenly and without warning, dumping 80 tons of gold on the market.

That depressed the price of gold in a big hurry. All the experts could say was, “We never knew China had that much gold where could it have come from?” It came from the gold which is paid to China in the Hong Kong Gold Market for large purchases of opium. The current policy of the Chinese government toward England is the same as it was in the 18th and 19th centuries. The Chinese economy, tied to the economy of Hong Kong—and I don’t mean television sets, textiles, radios, watches, pirated cassette and video tapes—I mean opium/heroin—would take a terrible beating if it were not for the opium trade it shares with Britain. The BEIC is gone but the descendants of the Council of 300 linger on in the membership of the Committee of 300. The oldest of the oligarchical British families who were leaders in the opium trade for the past 200 years are still in it today. Take the Mathesons, for instance. This “noble” family is one of the pillars of the opium trade. When things looked a bit shaky a few years ago, the Mathesons stepped in and gave China a loan of $300 million for real estate investment. Actually it was billed as a “joint venture between the People’s Republic of China and the Matheson Bank.” When researching India Office papers of the 1700’s I came across the name of Matheson, and it kept on cropping up everywhere—London, Peking, Dubai, Hong Kong, wherever heroin and opium are mentioned.

The problem with the drug trade is that it has become a threat to national sovereignty. Here is what the Venezuelan Ambassador to the United Nations said about this world-wide threat:

“The problem of drugs bas already ceased to be dealt with simply as one of public health or a social problem. It has turned into something far more serious and far-reaching which affects our national sovereignty; a problem of national security, because it strikes at the independence of a nation. Drugs in all their manifestations of production, commercialization and consumption, denaturalizes us by injuring our ethical, religious and political life, our historic, economic, and republican values.”

This is precisely the way the Bank of International Settlements and the IMF are operating. Let me say without hesitation that both these banks are nothing more than bully-boy clearing houses for the drug trade. The BIS undermines any country that the IMF wants to sink by setting up ways and means for the easy outflow of flight capital. Nor does BIS recognize nor make any distinction when it comes down to what is flight capital and what is laundered drug money.

The BIS operates on gangster lines. If a country will not submit to asset-stripping by the IMF, then it says in effect, “Right, then we will break you by means of the huge cache of narco-dollars we are holding.” It is easy to understand why gold was demonetized and substituted with the paper “dollar” as the world’s reserve currency. It is not as easy to blackmail a country holding gold reserves as it is one having its reserves in paper dollars.

The IMF held a meeting in Hong Kong a few years ago which was attended by a colleague of mine and he told me the seminar dealt with this very question. He informed me that the IMF agents told the meeting that they could literally cause a run on any country’s currency, using narco-dollars, which would precipitate a flight of capital. Rainer-Gut, a Credit Suisse delegate and member of the Committee of 300, said he foresaw a situation where national credit and national financing would be under one umbrella organization by the turn of the century. While Rainer-Gut did not spell it out, everybody at the seminar knew exactly what he was talking about.

From Colombia to Miami, from the Golden Triangle to the Golden Gate, from Hong Kong to New York, from Bogota to Frankfurt, the drug trade, and more especially the heroin trade, is BIG BUSINESS and it is run from the top down by some of the most “untouchable” families in the world, and each of those families have at least one member who is on the Committee of 300. It is not a street corner business, and it takes a great deal of money and expertise to keep it flowing smoothly. The machinery under control of the Committee of 300 ensures this.

Such talents are not found on the street corners and subways of New York. To be sure the pushers and peddlers are an integral part of the trade, but only as very small part-time salesmen. I say part-time because they are caught and rivalry gets some of them shot. But what does that matter? There are plenty of replacements available.

No, it is not anything the Small Business Administration would be interested in. IT IS BIG BUSINESS, a vast empire, this dirty drug business. Of necessity, it is operated from the top down in every single country in the world. It is, in fact, the largest single enterprise in the world today, transcending all others. That it is protected from the top down is borne out by the fact that, like international terrorism, it cannot be stamped out which should indicate to a reasonable person that some of this biggest names in royal circles, the oligarchy, the plutocracy are running it, even if it is done through intermediaries.

The main countries involved in growing poppies and the cocoa bush are Burma, Northern China, Afghanistan, Iran, Pakistan, Thailand, Lebanon, Turkey, Peru, Ecuador, Bolivia. Colombia does not grow the cocoa bush but, next to Bolivia, is the main refiner of cocaine and the chief financial center of the cocaine trade which, since General Noriega was kidnapped and imprisoned by President Bush, is being challenged by Panama for first place in money laundering and capital financing of the cocaine trade.

The heroin trade is financed by Hong Kong banks, London banks and some Middle East banks such as the British Bank of the Middle East. Lebanon is fast becoming the “Switzerland of the Middle East.” Countries involved in the distribution and routing of heroin are Hong Kong, Turkey, Bulgaria, Italy, Monaco, France (Corsica and Marseilles) Lebanon and Pakistan. The United States is the largest consumer of narcotics, first place going to cocaine, which is being challenged by heroin. Western Europe and Southwest Asian countries are the biggest users of heroin. Iran has a huge heroin addict population—in excess of 2 million as of 1991.

There is not a single government that does not know precisely what is going on with regard to the drug trade, but individual members holding powerful positions are taken, but of by the Committee of 300 through its world-wide network of subsidiaries. If any government member is “difficult,” he or she is removed, as in the case of Pakistan’s Ali Bhutto and Italy’s Aldo Moro. No one is beyond the reach of this all-powerful Committee, even though Malaysia has been successful in holding out up until now. Malaysia has the strictest anti-drug laws in the world. Possession of even small amounts is punishable by the death penalty.

Like the Kintex Company of Bulgaria, most smaller countries have a direct hand in these criminal enterprises. Kintex trucks regularly ferried heroin through Western Europe in its own fleet of trucks bearing the EEC marker Triangle Internationale

Routier (TIR). Trucks bearing this marker and the EEC recognition number are not supposed to be stopped at customs boarder posts. TlR trucks are allowed to carry only perishable items. They are supposed to be inspected in the country from whence they originated and documentation to this effect is supposed to be carried by each truck driver.

Under international treaty obligations this is what happens, thus Kintex trucks were able load their cargoes of heroin and certify it as “fresh fruit and vegetables;” and then make their way through Western Europe, even entering high-security NATO bases in Northern Italy. In this manner, Bulgaria became one of the principal countries through which heroin was routed.

The only way to stop the huge amounts of heroin and cocaine presently finding their way to markets in Europe is to end the TIR system. That will never happen. The international treaty obligations I have just mentioned were set up by the Committee of 300, using its amazing networks and control mechanisms, to facilitate passage of all manner of drugs to Western Europe. Forget perishable goods! A former DEA agent stationed in Italy told me, “TIR=DOPE.”

Remember this the next time you read in the newspapers that a big haul of heroin was found in a false-bottom suitcase at Kennedy Airport, and some unlucky “mule” pays the price for his criminal activity. This kind of action is only “small potatoes,” sand in the eyes of the public, to make us think our government is really doing something about the drug menace. Take for example, “The French Connection,” a Nixon program embarked upon without the knowledge and consent of the committee of 300.

The entire amount of opium/heroin seized in that massive effort is somewhat less than one quarter of what a single TIR truck carries. The Committee of 300 saw to it that Nixon paid a heavy price for a relatively small seizure of heroin. It was not the amount of heroin involved, but a matter of one whom they had helped up the ladder to the White House believing that he could now do without their help and backing, and even go against direct orders from above.

Remember British and AMERICAN “nobility” never dirtied their hands in the China opium trade. The lords and ladies were much too clever for that, as were the American elite: the Delanos, Forbes, Appletons, Bacons, Boylestons, Perkins, Russells, Cunninghams, Shaws, Coolidges, Parkmans, Runnewells, Cabots and Codmans, by no means a complete list of families in America who grew immensely wealthy from the China opium trade.

Since this is not a book about the drug trade, I cannot of necessity, cover the subject in an in-depth manner. But its importance to the Committee of 300 must be emphasized. America is run not by 60 families but by 300 families and England is run by 100 families and, as we shall see, these families are intertwined through marriage, companies, banks, not to mention ties to the Black Nobility, Freemasonry, the Order of St. John of Jerusalem and so on. These are the people who, through their surrogates, find ways to protect huge shipments of heroin from Hong Kong, Turkey, Iran and Pakistan and ensure they reach the market places in the U.S. and Western Europe with the minimum cost of doing business.

In the immediate post-WW II period, one of the most common methods used by Resorts International and other drug related companies to clean money was by courier service to a money laundering bank. Now all that has changed. Only the small fry still use such a risky method. The “big fish” conduit their money via the CHIPS system, an acronym for Clearing House International Payments System, run by a Burroughs computer system centered at the New York Clearing House. Twelve of the largest banks use this system. One of them is the Hong Kong and Shanghai Bank. Another is Credite Suisse, that oh so respectable paragon of virtue in banking—until the lid is lifted. Combined with the SWIFT system based in Virginia, dirty drug money becomes invisible. Only wanton carelessness results in the FBI getting lucky now and then, if and when it is told not to look the other way.

Only low echelon drug dealers get caught with drug money in their hands. The elite, Drexel Burnham, Credite Suisse, Hong Kong and Shanghai Bank, escape detection. But this, too, is changing with the collapse of Bank of Credit and Commerce International (BCCI) which is likely to expose a great deal about the drug trade if ever a proper investigation is carried out.

One of the largest assets in the portfolio of the Committee of 300 companies is American Express (AMEX). Its presidents regularly occupy positions on the Committee of 300. I first got interested in Amex when I was carrying out an on-the-spot investigation that led me to the Trade Development Bank in Geneva. Later, this got me into a lot of trouble. I discovered that Trade Development Bank, then run by Edmund Safra, key man in the gold for opium trade, was supplying tons of gold to the Hong Kong market via Trade Development Bank.

What I found was that American Express was and still is a conduit for laundering drug money and, thus far, no one has been able to explain to me why a private company has the right to print dollars—aren’t American Express travelers checks dollars? I subsequently exposed the Safra-Amex drug connections which upset a lot of people, as can be imagined.


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