Money Laundering and the Global Drug Trade are Fueled by the Capitalist Elites

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investorzzo's picture
investorzzo
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Money Laundering and the Global Drug Trade are Fueled by the Capitalist Elites

And when authorities searched the plane and found its cargo consisted solely of 128 identical black suitcases marked "private," packed with cocaine valued at more than $100 million, the silence was deafening.

But now a Bloomberg Markets magazine report, "Wachovia's Drug Habit," reveals that drug traffickers bought that plane, and perhaps fifty others, "with laundered funds they transferred through two of the biggest banks in the U.S.," Wachovia and Bank of America.

The Justice Department charge sheet against the bank tells us that between 2003 and 2008, Wachovia handled $378.4 billion for Mexican currency exchanges, "the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history."

"A sum" Bloomberg averred, equal to one-third of Mexico's current gross domestic product."

Since 2006, some 22,000 people have been killed in drug-related violence. Thousands more have been wounded, countless others "disappeared," torture and illegal imprisonment is rampant.

In a frightening echo of the Reagan administration's anti-communist jihad in Central America during the 1980s, the Bush and now, Obama administration has poured fuel on the fire with some $1.4 billion in "War on Drugs" funding under Plan Mérida. Much of that "aid" is destined to purchase military equipment for repressive police, specialized paramilitary units and the Mexican Army.

There is also evidence of direct U.S. military involvement. In June, The Narco News Bulletin reported that "a special operations task force under the command of the Pentagon is currently in place south of the border providing advice and training to the Mexican Army in gathering intelligence, infiltrating and, as needed, taking direct action against narco-trafficking organizations."

One former U.S. government official told investigative journalist Bill Conroy, "'Black operations have been going on forever. The recent [mainstream] media reports about those operations under the Obama administration make it sound like it's a big scoop, but it's nothing new for those who understand how things really work'."

http://www.globalresearch.ca/index.php?context=va&aid=20210

DrKrbyLuv's picture
DrKrbyLuv
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Re: Money Laundering and the Global Drug Trade are Fueled ...

Thanks for the article investorzzo, you always bring interesting stuff to the table.

This is a really big story that got very little media attention.

The Justice Department charge sheet against the bank tells us that between 2003 and 2008, Wachovia handled $378.4 billion for Mexican currency exchanges, "the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history."

"A sum" Bloomberg averred, equal to one-third of Mexico's current gross domestic product."

complete article link

" Equal to one-third of Mexico's GDP is a staggering amount."  What is the difference between Wachovia and the mafia?  Both are ongoing criminal enterprises and both should be hit with RICO statutes!

Larry

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agitating prop
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Re: Money Laundering and the Global Drug Trade are Fueled ...

Richard Grasso--chairman and chief executive of the New York Stock Exchange from 1995 to 2003

Wikipedia:

"On June 26, 1999, Reuters reported that Grasso met with Colombian rebels, the FARC, in an article entitled "NYSE Chief Meets Top Colombia Rebel Leader". The FARC is considered a terrorist organization by the U.S. State Department (on its list of Foreign Terrorist Organizations) and is allegedly responsible for kidnappings and narcotics trafficking in order to bankroll their revolutionary activities (see: narcoterrorism).

The article quoted Grasso as saying, "I invite members of the FARC to visit the New York Stock Exchange so that they can get to know the market personally." Some found the meeting inexplicable, considering the FARC supports anti-capitalist ideals and has no officially recognized financial clout. Grasso told reporters that he was bringing "a message of cooperation from U.S. financial services."[3]"

http://en.wikipedia.org/wiki/Richard_Grasso

V's picture
V
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Joined: Dec 14 2009
Posts: 849
Re: Money Laundering and the Global Drug Trade are Fueled ...
DrKrbyLuv wrote:

Thanks for the article investorzzo, you always bring interesting stuff to the table.

This is a really big story that got very little media attention.

The Justice Department charge sheet against the bank tells us that between 2003 and 2008, Wachovia handled $378.4 billion for Mexican currency exchanges, "the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history."

"A sum" Bloomberg averred, equal to one-third of Mexico's current gross domestic product."

complete article link

" Equal to one-third of Mexico's GDP is a staggering amount."  What is the difference between Wachovia and the mafia?  Both are ongoing criminal enterprises and both should be hit with RICO statutes!

Larry

Larry the difference is that even though Wachovia ends In a vowel the name of the person who owns Wachovia does not end in a vowel..Buffett

V

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