Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

World Banks Run On Cocaine Cash

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Political Videos Donate to DU
DeSwiss Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 12:50 PM
Original message
World Banks Run On Cocaine Cash
Run time: 01:26
Posted on YouTube: April 06, 2011
By YouTube Member: RussiaToday
Views on YouTube: 301
Posted on DU: April 06, 2011
By DU Member: DeSwiss
Views on DU: 1419
Now you can see why Obama flip-flopped on his campaign promise to stop targeting and raiding state-sanctioned medical marijuana outlets. The banksters aren't going to allow him to negatively impact one of their primary revenue streams. And these sleazy banksters make money off every aspect of drugs, from the drugs themselves -- to the money laundering of huge piles of cash from the drug distributors who ultimately work for them -- to the profits they make from incarcerating drug users and low level sellers in for profit prisons like the Corrections Corporation of America.

The truth has been right there in our faces from the beginning. Don't you doubt it for one minute. There is no war on drugs and there never has been.

- Just a war on us......
Printer Friendly | Permalink |  | Top
aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 12:54 PM
Response to Original message
1. Legalize. Legalize. Legalize.
Printer Friendly | Permalink |  | Top
GReedDiamond Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 01:03 PM
Response to Original message
2. Kicked, recc'd...nt
Printer Friendly | Permalink |  | Top
txlibdem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 01:44 PM
Response to Original message
3. You've hit the nail on the head regarding the "war on drugs"
It was a sham from the start and nothing's changed except the cash we've poured into corporations supplying the tools to fight this amazingly unsuccessful war. We could fund rehab clinics across the nation for less than we spend on the "war on drugs."
Printer Friendly | Permalink |  | Top
truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 03:08 PM
Response to Original message
4. Yet another reason that there is no transperency in the
Bigger Bankers world.

Printer Friendly | Permalink |  | Top
DeSwiss Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 04:51 PM
Response to Original message
5. How A Big U.S. Bank Laundered Billions From Mexico's Murderous Drug Gangs
How a big US bank laundered billions from Mexico's murderous drug gangs
As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored

The Observer
By Ed Vulliamy
Sunday 3 April 2011

A soldier guards marijuana that is being incinerated in Tijuana,
Mexico. Photograph: Guillermo Arias/AP

On 10 April 2006, a DC-9 jet landed in the port city of Ciudad del Carmen, on the Gulf of Mexico, as the sun was setting. Mexican soldiers, waiting to intercept it, found 128 cases packed with 5.7 tons of cocaine, valued at $100m. But something else more important and far-reaching was discovered in the paper trail behind the purchase of the plane by the Sinaloa narco-trafficking cartel.

During a 22-month investigation by agents from the US Drug Enforcement Administration, the Internal Revenue Service and others, it emerged that the cocaine smugglers had bought the plane with money they had laundered through one of the biggest banks in the United States: Wachovia, now part of the giant Wells Fargo.

The authorities uncovered billions of dollars in wire transfers, traveller's cheques and cash shipments through Mexican exchanges into Wachovia accounts. Wachovia was put under immediate investigation for failing to maintain an effective anti-money laundering programme. Of special significance was that the period concerned began in 2004, which coincided with the first escalation of violence along the US-Mexico border that ignited the current drugs war.

Criminal proceedings were brought against Wachovia, though not against any individual, but the case never came to court. In March 2010, Wachovia settled the biggest action brought under the US bank secrecy act, through the US district court in Miami. Now that the year's "deferred prosecution" has expired, the bank is in effect in the clear. It paid federal authorities $110m in forfeiture, for allowing transactions later proved to be connected to drug smuggling, and incurred a $50m fine for failing to monitor cash used to ship 22 tons of cocaine.


Printer Friendly | Permalink |  | Top
90-percent Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 05:22 PM
Response to Original message
6. Rights
Get your big fat government hands off my cocaine habit!

As I've posted before

ALL OUR INSTITUTIONS ARE FAILING US BECAUSE THEY ARE ALL RUN BY SOCIOPATHS. These Captains of Industry have as much capacity for human empathy as Ted Bundy or John Wayne Gacy.

-90% jimmy
Printer Friendly | Permalink |  | Top
DeSwiss Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 05:58 PM
Response to Reply #6
7. I made that EXACT same......
...observation in a thread post earlier this week. Narcissistic-sociopathy seems to be the required mental state one must have in order to run for elective office these days. The system and TPTB will not support you otherwise This way they are assured that one is as defective as it is and as they are. This should surprise no one, however.

- This is what is wrought when an enterprise like creating a country, is based upon a passel of lies......

"It's the old American double-standard -- you know: 'say one thing, do something different.' And of course the country is founded on the double standard, that's our history. We were founded on a very basic double-standard. This country was founded by slave-owners who wanted to be free." ~ George Carlin

Printer Friendly | Permalink |  | Top
90-percent Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 06:35 PM
Response to Reply #7
8. Agreed
My harsh opinion is based on observation, reasoning and my own experience in the workplace.

For the tippy top guys - could the President of a for profit health insurance company, that perhaps "earns' up to $80,000 a day, is in the business of denying coverage by any means necessary so as to maximize profits. This can mean getting into the DEATH PANEL business, as they refined the art of denying coverage to make money, even if that meant the denial meant death for their insured. Now how can you make "business decisions" such as that if you have empathy for your fellow human being.

The same can be said of the last thirty years of corporate off shoring and down sizing. Whole viable productive communities wrecked not to make money, but because you can make more money! If they're smart enough to be in their roles as Captains of Industry, they're smart enough to understand the damage they are doing to people and America's future.

At my low level, I have seen the success of corporate sycophants. No talent empty suits that know how to kiss the ass of the big boss empty suit who is so frail in the ego he laps it up. Supporting all this top heavy managers usually means that The competent people in the organization that really get things done are viewed as a threat to the mediocre management. I think many mature companies are still viable simply because of the inertia of the good job that was done building the company up. I think companies reach a "critical mass" where the top people could eat live babies in the Executive Lunch Room and the operation would still be viable. Management thinks they are artfully running things, but the number of competent low level people still capable of good work is carrying the guys that contribute nothing. Indeed, they tend to wreck morale and make things worse.

I have also observed that the modern work place is so cut throat I think mediocre managers get rid of their people with talent the first chance they get, so as to eliminate a possible job rival. So the company drives off good talent to serve the frail ego of empty suit managers. The talent these mediocrities (or, as my hero Frank Zappa would say; "treacherous cretins") may have ends with landing their good job. Once that's done, it's do nothing but appear to be playing the game and sabotage the guys they don't like and reward the brown nosers. For example, the Wall Street bonus system appears to be institutionalized corruption. The low level guys there for checks and balances earn their bonuses for giving a free pass to the Executives unethical and/or illegal decisions. This results in a too big to fail organization comprised largely of greedy sociopaths.

So I hope my next job is an entrepreneurial start up. Talent and hard work and experience and accomplishment still hold value in such places. For a mature corporation, the main talent you need is how to survive in a cut throat work life where your colleagues are indeed out to get you.

-90% Jimmy
Printer Friendly | Permalink |  | Top
JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 11:38 PM
Response to Reply #8
11. +1, 90%
Printer Friendly | Permalink |  | Top
Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 07:03 PM
Response to Reply #7
10. They freed themselves from one Imperial ruler (Royal), and...
established a system that ended with another Imperial ruler (Corporatist).

Truly amazing. Human nature is here to stay, I guess.
Printer Friendly | Permalink |  | Top
Dj13Francis Donating Member (343 posts) Send PM | Profile | Ignore Wed Apr-06-11 06:47 PM
Response to Original message
9. Yep.
Been goin' on for years. Nothing to see here... Plausible denial remains intact.
Printer Friendly | Permalink |  | Top
Karenina Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-11 06:50 AM
Response to Original message
Printer Friendly | Permalink |  | Top
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Sep 20th 2017, 01:28 PM
Response to Original message
Advertisements [?]

Home » Discuss » Political Videos Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC