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Wednesday, April 06, 2011

The Drug Cartel

How many people and institutions are in the Drug Cartel?
Here I mean Drug Cartel as in NATO and US officials and politicians calling the shots in Afghanistan, yet seemingly blind to where the opium goes. I also mean big companies and Big Banks that participate knowingly
in the business.
So we have to go to Britain to read about it:

http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs

How a big US bank laundered billions from Mexico's murderous drug gangs

...Wachovia's blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations," said Jeffrey Sloman, the federal prosecutor. Yet the total fine was less than 2% of the bank's $12.3bn profit for 2009. On 24 March 2010, Wells Fargo stock traded at $30.86 – up 1% on the week of the court settlement.

The conclusion to the case was only the tip of an iceberg, demonstrating the role of the "legal" banking sector in swilling hundreds of billions of dollars – the blood money from the murderous drug trade in Mexico and other places in the world – around their global operations, now bailed out by the taxpayer.

At the height of the 2008 banking crisis, Antonio Maria Costa, then head of the United Nations office on drugs and crime, said he had evidence to suggest the proceeds from drugs and crime were "the only liquid investment capital" available to banks on the brink of collapse. "Inter-bank loans were funded by money that originated from the drugs trade," he said. "There were signs that some banks were rescued that way."...
Are there any sane people left who actually believe our politicians can govern a country like this? Pretty soon, the so-called Supreme Court will remove all restrictions on campaign contributions, and we will see the most prestigious and hallowed institutions go on sale to the highest bidder.

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