UN Advisor: Drug Money Propped Up Banks During Crisis

This sheds some light on why they're not all that eager to legalize drugs, huh? Shades of BCCI:
Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime tsar has told the Observer.
Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organized crime were "the only liquid investment capital" available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.
This will raise questions about crime's influence on the economic system at times of crisis. It will also prompt further examination of the banking sector as world leaders, including Barack Obama and Gordon Brown, call for new International Monetary Fund regulations.
Speaking from his office in Vienna, Costa said evidence that illegal money was being absorbed into the financial system was first drawn to his attention by intelligence agencies and prosecutors around 18 months ago. "In many instances, the money from drugs was the only liquid investment capital. In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor," he said.
Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, he said.
Come on, we know there won't be any investigation - not a real one. Because if they found out what was going on, they'd never tell us.




Sounds very Mike Ruppert!
http://www.youtube.com/watch?v=4t3pl5Wxgyg
there's a new documentary out featuring Ruppert.
It may be out but just barely. We had one cinema playing it here. It was an art-house cinema and only showed it about 6 times.
same thing here.
don't forget them . .
War on drugs has been a huge cash cow. Hell the money is the only reason the war on drugs exists. You don't think for a minute that a government that would start two totally unnecessarry wars really gives a shit if you kill yourself with a drug od? The money taken from so many millions of people is and was the only reason for the war on drugs!
They started the war on drugs to fill up their private owned prison system. To lock large numbers of us up for something they made illegal, while forcing the rest of us to pay for it! Cute little racket don't you think?
Can you say thank you ronald reagan and george bush and the rest of you ignorant scumsucking republican idiots for the damage and misery your short sighted stupidity and greed have caused?
republicanism/conservatism is a mental illness that is killing America and seriously damaging the entire world!
Man you really need to expand that list a bit . . Dems, etc. . .
Let's be honest . . "Washington D.C. is a mental illness that is killing America and seriously damaging the entire world!"
Damn straight. We voted the other party in charge and the policies and protection continue.
walls around Washington, circle it with moats add draw bridges, and put up signs saying Peasants stay out!
then let the siege begin. Lob in the disease infested animal carcasses on 3.... 2....1..
Generally speaking I don't trust anyone making over 150K a year.
There is no other party! They are two sides of the same party that pretend to be at odds about most things. They play a game with each other, acting out the Kabuki drama of opposition. The vast majority of politicians are nothing but scum sucking pigs who care nothing at all about their constituents, only about furthering their goals and schemes. They'd gladly sell out anyone if it meant just a little longer sucking at the tit of "government service".
For some strange reason, we actually believe it when they spout bold-faced lies and promises. Change We Can Believe In, becomes Change To Make Things Even Worse Than The Last Guy.
about the tiny itsy bitsy detail that these wars on "concepts" are usually waged by people whose interests and profit are inversely proportional to actually win said "war."
I have no clue, why I have to pay with my hard earned dollars a justice system fighting a "war on drugs" which allows them to treat me like a criminal just because. Such a f*cking racket all of this crap, we have to pay money for the privilege of being abused....
...if you've been following the 'drug wars' even a little you knew the CIA was making cash off the war and of course the banks, with their see no evil hear no evil attitude would take drug money. If this government was truly in it to rid our country of illegal drugs, they should have to do what the late great George Carlin said, "kill the bankers that launder the drug money...you kill one white republican banker a week, you're gonna see the drugs go away pretty fucking quick"
The gift that keeps on giving.
What would happen if people stopped using and/or getting busted for drugs? Not weed but the really hard stuff.
NOBODY 2012
The link you provide is:
Rajeev Syal, The Observer in the Guardian here
International crime is much larger than illegal drugs. The amount talked about in the article is $352 billion
I would and continue to make the case the US banks in the more than $2 trillion in subprime loans they originated and marketed in the form of fraudulently rated complex investment vehicles after 2002 amounts to a criminal enterprise.
$352 billion is a lot of dough, the war on drugs is a sham, the money laundering isn't, but we should have a perspective on the the size of things when it comes to the international crooks.
The Banksters are leading the way.
statusquObama, change you can only pretend in
such nonsense!
(Which is the idea)
HAAAhahahahahahahahahaaaa!
(snort)
I'll bet they're just absolutely trembling in their Gucci's.
Bank of Crooks and Criminals Incorporated (BCCI) - Many of the same people involved back then are still in the game today. The US Department of Justice is dysfunctional.
"if they found out what was going on"
That's assuming they don't already know darn well what is going on.
The black market economy of pure cash is mega-huge.
Rich folks are always looking for places to avoid taxes and governmental oversight - they are not above using whatsoever is available to them.
The CIA, DEA and others know darn well what is going on and they are into it, they love it, they make big bucks on it.
It's just business after all, eh?
"I know that there are people who do not love their fellow
man, and I hate people like that! " ~ Tom Lehrer (1928 - )
Drugs saved the American economy.lol everyone should get T-shirts made up. like the stonners had in High school that read Drugs saved my life and a big pot leaf on it.
This is your country without drug money
This is your country with drug money
Which one would YOU choose?
"I know that there are people who do not love their fellow
man, and I hate people like that! " ~ Tom Lehrer (1928 - )
The second link is broken. Either that, or it's a really fine line of numbers and symbols.
Hey! Our t-shirts said, "Disco Sucks".
Who knew we were saving our country from economic implosion when we sparked up?
far left loon >.<
http://www.youtube.com/watch?v=QZxWKpJGajE
Diabolus est Deus Inversus
Of course Manuel Noriega was pretty much a glorified drug lord that we went to the trouble to remove.
Of course I understand he went to the School of the Americas (Western Hemisphere Institute for Security Cooperation).
I wouldn't be surprised if the CIA helped Fidel Castro overthrow Fulgencio Batista, because he was awfully chummy with the Mafia who were opening nightclubs in Havana. Who knows if they were also using the island as a debarkation point for narcotics heading for the US?
Of course Castro worked so well for us, we named a street after him in San Francisco.
Diabolus est Deus Inversus
The spreading of Democracy? How about the introduction of drugs to American with help of CIA airline AIR AMERICA.
We Americans are so naive. It's embarrassing!
There's never been any real corroboration of that.
It's like the accusation we were fighting the war for Coca Cola or Chevrolet.
However, I don't think the CIA cares about who else might get addicted to drugs.
And Americans on drugs they probably see as a DEA issue.
And history shows Americans have been using all kinds of recreational drugs since it's founding.
In fact at one time,one could buy vials of THC as a cure-all in any small pharmecy.
Diabolus est Deus Inversus
you mean covered in a prominent mainstream news organ, you're right. Honest investigative reporters (all ten of them) are afraid of what might happen to them if they report on such activities.
I know, I know...time to adjust my tinfoil hat.
The odds are the air-lifts were to bring in equipment, and specially trained men.
I wouldn't be surprised if drugs were involved, but to get the VC hooked, not our own guys.
Diabolus est Deus Inversus
Of course I wouldn't be surprised if the VC pocketed the drugs and sold it to our soldiers, ending up with the same results, but different intentions.
I always found it doubtful people would use such risky battle tactics since you can't always contain the results
But this is America we're talking about.
Diabolus est Deus Inversus
is that they funnelled the dope to ghettos after MLK got killed in order to suppress the rage. Again, difficult to corroborate, but logical. Also, I don't think the original intent was to get American servicemen hooked, but when they noticed a lot of people re-upping cuz they couldn't get the good shit back home, they went with it. Plus, it provides an untraceable source of black ops cash. This is all old news.
I'm sure they're often unsatisfied with the "pittance" Congress gives them.
Diabolus est Deus Inversus
I've heard it about crack too.
They sound mostly like open-ended crackpot theories.
However, it doesn't help that it's well established that the CIA experimented with LSD on unsuspecting subjects to see if there was a use for the drug.
And earlier there was the whole Tuskegee experiment.
Diabolus est Deus Inversus
"Dark Alliance," by Gary Webb. Also, Mike Ruppert (mentioned earlier in the thread) has discussed the crack epidemic at length. Then of course, there's this: CIA Jet Carrying Four Tons of Cocaine Also Made Trips to Gitmo.
Honestly, I'm surprised people are so shocked by these allegations. Then again, I'm surprised by lots of things, like Guns n Roses' popularity for instance.
Crackpot theories? Perhaps. But drugs are a commodity like any other, to be bought, sold and traded (for gain).
Draw your own conclusions. I've drawn mine.
far left loon >.<
Air-America? The U.S. government has been the biggest importer of illegal drugs to the U.S. than anybody else in the world. The illegal drug money is the only thing that has kept the U.S. afloat.
Take not that the Taliban, yes they are a bunch of ass-holes, destroyed most of the poppy crop in Afghanistan. The U.S. comes along and destroys the Taliban and not so mysteriously, the poppy crops have exploded across the land. From what I understand. the U.S. supplied poppy seeds to the farmes in Afghanistan.
Funny that Afghanistan growns almost all of the heroin that supplies the world. I know the U.S. wants to spread democracy over there right? No,no. The U.S. wants to get those responsible for 9/11 that are hiding in Afghanistan.
No,no. They are gone from Afghanistan. The generals and the politicians told us that the taliban and AlQaeda were totally defeated in Afghanistan. So it must be nation building, right?
No,no. The U.S. is trying to corner the market on heroin in an attempt to prop up our economy.
Am I wrong?
No, you are not wrong IMO. I've been shouting about this for years. Recession, Afghanistan, and Drugs go hand and hand. Or at least it has in the past. Why anybody would believe that the USA "would never do that" is beyond me. The Heroin trade in Afghanistan is the biggest cash cow the corporate crooks have, and for that much money(Trillions) they would kill us all if they had to.
It also has to do with destabilising the former USSR with a large influx of Heroin. What better way to disrupt a society than having a large percentage of a populace addicted. I believe most of it is being shipped from Turkey to the former Soviet Union through Georiga and that would explain the last flare up there and the constant state of conflict they experience.
MOSCOW, March 6 (Reuters) - Russia has become the world's biggest heroin consumer, and the flood of the drug from Afghanistan poses a threat to national security, Russia's drug enforcement chief said Friday.
http://www.reuters.com/article/idUSL6941693
Yeah, it's a two'fer for the neo-cons behind it. Not only do they make tons of money from it, but you harm a society that you really despise. Can't lose that way.
The war on drugs is a trillion dollar war. It's not just money laundering. We fund jails to keep the victims in, police to arrest the victims, companies to sell the police more and more war-like equipment to arrest the victims with, hospitals and doctors to treat the victims when they overdose or get sick from drug use etc. The list of beneficiaries to the drug war goes on and on.
owned and operated jails, too. Prisons are big business now.
Don't get me started on Prisoners for Profit. We could be here all day discussing that racket.
"Come on, we know there won't be any investigation - not a real one. Because if they found out what was going on, they'd never tell us."
I don't think an investigation will be needed, because the gov already knows. We've been doing very well financing problems away with illicit drug money, just look at the heroin use during the sixties and early seventies, funny how it all ran parralel to the cia's money generator called Air America.
The biggest fortunes in America come from drug traffic. Some Congress members are heavy deep into it. Make drugs legal will never happen. It will cut heavily in the Republican investments.
It's a twofold winners proposition. They get rich. The buyer, the poor,
gets addicted and will eventually die. That's where health care get expensive and they hate that.
Legalize and tax that shit.
And vice versa.
Isn't that money-laundering??
Government + the Federal Reserve = organized crime
Shocked !!
To discover Money Laundering in our banks!!
Just plain SHOCKED !!
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
Mother & Son Marijuana Growing Team! Meet The Irwins
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
A few years after the Taliban came to power, they began a campaign to eradicate Afghanistan's opium crops, and the success of Afghanistan's 2000 drug eradication program under the Taliban government was recognized by the United Nations as a monumental feat, in that "no other country was able to implement a comparable program". In October of 2001 the UN acknowledged that the Taliban reduced opium production in Afghanistan from 3300 tons in 2000 to 185 tons in 2001. So Wall Street then lost billions of drug money. Could this be one of the real reasons for the invasion of Afghanistan? The Bush Administration did not even try to get Bin Laden. Instead the US installed the corrupt Hamid Karzai, brother of Ahmed Wali Karzai, the head of the Afghan drug mafia. Immediately following the October 2001 invasion, opium production increased dramatically. Opium production rate has now soared to 6900 tons in Afghanistan, 92 percent of the world's opium. Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis. So Bush kept 'us' save after all...
Yup!
Gotta protect our "freedoms" !
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
Karzi was also the CIA contact/middleman in the 1980's Afghan conflict. He was our broker with the Taliban at that time. No coincidence that he's President now and it's no coincidence that there was a Recession around that time as well. We had the Savings and Loan crisis then, now it Wall Street crisis. Many of the same people were in Washington on both occasions and come from both sides of the aisle. Apparently the crooks didn't make enough money the first time they tried it, so they went back for more.
Thank you Floridafish for your information about the 1980's Afghan conflict. Didn't know that. Ahmed Wali Karzai is still paid by CIA. So, this could be one of the real reasons for the invasion of Afghanistan. It seems plausible. But could anyone give some evidence or indications that some banks really did lobby for the war?
Sibel Edmonds describes some of this. At least the part she's not gagged from speaking.
Link provided: http://www.bradblog.com/?p=7374
It's worth the time.
I have read only a small part of former FBI translator Sibel Edmonds' testimony now. It's very interesting. Thank you Floridafish.
Edmonds:
...these Turkish people, and some of them are directly connected to Turkish intelligence and Turkish military in the United States, they played a very significant role in bringing in heroin from source from Afghanistan to Turkey, but from Turkey into both United States, but also directly to Belgium, large quantity, very, very large quantity of heroin.
Marino:
So if I were to say that - if I were a Congress person and I'm taking money from the Turkish government either directly or indirectly, would it be a fair statement that I'm taking money from a government that has engaged in policies and practices that cost American lives?
Edmonds:
Correct...
How Washington Funded the Taliban
by Ted Galen Carpenter
Ted Galen Carpenter is vice president for defense and foreign policy studies at the Cato Institute and is the author or editor of 14 books on international affairs including the forthcoming "Bad Neighbor Policy: Washington's Futile War on Drugs in Latin America" (Palgrave/ St. Martin's).
Added to cato.org on August 2, 2002
This article appeared on cato.org on August 2, 2002.
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The United States has made common cause with an assortment of dubious regimes around the world to wage the war on drugs. Perhaps the most shocking example was Washington's decision in May 2001 to financially reward Afghanistan's infamous Taliban government for its edict ordering a halt to the cultivation of opium poppies.
When the Taliban implemented a ban on opium cultivation in early 2001, U.S. officials were most complimentary. James P. Callahan, director of Asian Affairs for the State Department's Bureau of International Narcotics and Law Enforcement Affairs, uncritically relayed the alleged accounts of Afghan farmers that "the Taliban used a system of consensus-building" to develop and carry out the edict. That characterization was more than a little suspect because the Taliban was not known for pursuing consensus in other aspects of its rule. Columnist Robert Scheer was justifiably scathing in his criticism of the U.S. response. "That a totalitarian country can effectively crack down on its farmers is not surprising," Sheer noted, but he considered it "grotesque" for a U.S. official to describe the drug-crop crackdown in such benign terms.
Yet the Bush administration did more than praise the Taliban's proclaimed ban of opium cultivation. In mid-May, 2001, Secretary of State Colin Powell announced a $43 million grant to Afghanistan in addition to the humanitarian aid the United States had long been providing to agencies assisting Afghan refugees. Given Callahan's comment, there was little doubt that the new stipend was a reward for Kabul's anti-drug efforts. That $43 million grant needs to be placed in context. Afghanistan's estimated gross domestic product was a mere $2 billion. The equivalent financial impact on the U.S. economy would have required an infusion of $215 billion. In other words, $43 million was very serious money to Afghanistan's theocratic masters
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