John Hoefle has been Executive Intelligence Review's banking columnist since 1989. For the previous six years he worked out of EIR's Houston bureau, where he wrote a major exposé of dirty money side of the Bush family operations, including James Baker III.Today, Mr. Hoefle resides in Leesburg, Virginia.
Mr. Hoefle's 1993 exposé of the $12 trillion off-balance sheets liabilities of U.S. banks was so startling, that Rep. Henry Gonzalez (D-Texas) included it in the Congressional Record. Thereafter, Representative Gonzalez invited Hoefle to testify before the House Banking Committee on Sept. 8, 1993 on the secret financial accords of the North American Free Trade Agreement (NAFTA). Hoefle's articles have also appeared in the Barbados Advocate.
In 1996, Mr. Hoefle authored an in-depth financial profile of "The Names" grouping tied to Lloyds of London, and their involvement in the United States, the accuracy of which amazed even Lloyds' lawyers. In September 1997, Hoefle published a devastating picture of how legalized gambling has subverted the U.S. economy. More broadly, he has followed, in detail, the hyper-inflation of the derivatives markets over the last five years and given many public lectures on this subject.