Wednesday, February 11, 2009

Wow, Drug money flowed into banks!

No way, say it isn't so! I for one am shocked, totally!

U.N. crime chief says drug money flowed into banks

The United Nations' crime and drug watchdog has indications that money made in illicit drug trade has been used to keep banks afloat in the global financial crisis, its head was quoted as saying on Sunday.

Vienna-based UNODC Executive Director Antonio Maria Costa said in an interview released by Austrian weekly Profil that drug money often became the only available capital when the crisis spiralled out of control last year.

"In many instances, drug money is currently the only liquid investment capital," Costa was quoted as saying by Profil. "In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor."

The United Nations Office on Drugs and Crime had found evidence that "interbank loans were funded by money that originated from drug trade and other illegal activities," Costa was quoted as saying. There were "signs that some banks were rescued in that way."


What is laughable about this article?
As if, drug money is flowing through the banks ONLY because of the current liquidity crisis?!
As if, it isn't happening all the time?
No, it is just an anomoly. It is only happening now!
You believe that, right?

8 comments:

  1. chaglipi
    Gee during the time I spent in South East Asia back in the late sixties and early seventies the drugs were sent back to the states in coffins with the tag "Remains unviewable", "Do not open", it was a neat gig.

    With the guts discarded a body could get packed with some 30 to 40 kilos of smack, sent back home unpacked and buried with no one the wiser. And gee just think the American taxpayer paid the airfare and no customs checks on returning servicemen.

    I don't think that things have changed all that much, with the exception of who is getting the cash now.

    I've often wondered how many families never got to see their sons one last time because of this little scam. But like I said it was a sweet gig while it lasted and the coin was Prime.

    ReplyDelete
  2. Finally someone admitting why these 'drugs' are actually illegal - it's nothing to do with caring about addiction - it's far more to do with making an inflated buck!!

    BTW Penny - it is just me or are the colours on your site different? don't laugh - I haven't been smokin'!!

    ~ Buffy the Bedazzled

    ReplyDelete
  3. hey silv and maggie:

    silverfish:

    scary. 30 to 40 kilos of smack per body, was this vietnam, laos, cambodia, all three or something else?

    maggie:

    yeah, the admission was good, but it was a limited hang out.
    only happening because of the liquidity crisis, my arse!
    and yeah, the colours are different, I did an overhaul, what the hell!

    ReplyDelete
  4. Well Pen it was brought into Vietnam from Burma by way of laos. It was the principal way the CIA used to finance their little war.

    But lets just say that some of the grunts got to ride the gravy train as well, like I said it was a sweet gig while it lasted.

    Burma at that time was the worlds largest producer of heroin and although the goverment of burma were a bunch of assholes then as now they didn't really care who bought their stuff or for what reason.

    ReplyDelete
  5. Afghanistan! Bush! Cheney! Rumsfeld!

    ReplyDelete
    Replies
    1. US drug involvement is not just a 'republican' issue
      it's non partisan, all the way

      Delete
  6. That's because the U.S. government is the biggest dope pusher in the drug business. You don't REALLY think we've been fighting for freedom in Afghanistan all these years, do you? After all, we defeated the whole Third Reich, the Empire of Japan, and the Italian fascists ALL at the same time, all over the planet, and in less than four years. Think about all those "bumper crops" of poppy. Where is it going, and how is it getting out of Afghanistan and into our country? Hmmm?

    ReplyDelete
    Replies
    1. Hi anonymous, surprised to find a comment in the way back of my blog
      But, if you want to know what I really think you may find this very enlightening?

      08-
      http://pennyforyourthoughts2.blogspot.ca/2008/10/how-deeply-is-us-involved-in-afghan.html

      2013
      http://pennyforyourthoughts2.blogspot.ca/2013/10/usas-democracy-is-terrorism-dressed-in.html

      2014
      http://pennyforyourthoughts2.blogspot.ca/2014/02/phillip-seymour-hoffman-military.html

      Just to whet your whistle

      Delete

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