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Old 03-15-2009, 03:15 PM
Location: The world, where will fate take me this time?
3,162 posts, read 10,294,821 times
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'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,"'

By Boris Groendahl / January 25, 2009

VIENNA -- The United Nations' crime and drug watchdog has indicationed 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.

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

The Rag Blog: UN : Drug Money Used to Prop Up US Banks

Catherine Austin Fitts - undersecretary of housing in the first Bush administration estimates that the worlds drug economy is about $500 billion annually. She also estimates that half of this money will reach American banks.

Once these banks get a hold of that $250 Billion they can lend 10 times that amount or about $2.5 Trillion. The biggest borrower of this drug-derived cash is the US government. Now, to complete the circle, the banksdonate some of this money to politicians.

Fitts also showed how a lot of this money leverages the stock market. A stock trades at 20 - 30 times its annual dividend. So, for example - if you have a publicly traded company worth $2 million and cook the books to ad $100,000 in illegal drug money annually within a year that company is worth twice as much because of the stock trades at 30 times the dividend, which increases due to the drug cash.

Drug money fuels U.S. economy - Editorial/Opinion (http://media.www.ramcigar.com/media/storage/paper366/news/2003/09/17/Editorialopinion/Drug-Money.Fuels.U.s.Economy-467454.shtml - broken link)

Last edited by Travelling fella; 03-15-2009 at 03:33 PM..
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Old 03-15-2009, 04:03 PM
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Originally Posted by andreabeth View Post
Well that certainly is a cheery thought!

I have a better idea. The US should deport all illegals from Mexico back to their homeland and seal the border completely. Also, no shipping between the two countries, no planes, no boats, etc. Nothing from the US goes into Mexico, nothing from Mexico comes into the US. The flow of weapons to Mexico is halted, giving the Mexican gov. time to locate and confiscate the ones that came from the US. If the drug supply from Mexico into the US is stopped, our addicts will have to seek treatment for their addiction once withdrawal starts. Or move to Mexico.
Sounds good, until you get into the gritty details..for example, if you seal the border; if you prevent all traffic from the US to Mexico, and vice-versa....nothing goes North; nothing goes South.....how are we going to insure that our addicts head for Mexico, once they go into withdrawal ?....
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Old 03-16-2009, 01:20 PM
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ok, so the cartels have been warring for years. decades. narco culture has been prominent in certain regions of mexico for a long time. its been around for a long time. yall are just finding out about it, but these turf wars have been chronicled in popular culture, via songs and books and tv dramas.

it is funny that people/media want to air this dirty laundry now. more reason to keep "those" people out...

as for asylum. asylum is hard to obtain. the way i see it, the asylum avenue will not be used by the regular folk. at least it shouldnt be granted to regular folk.
it should be granted to those individuals who are persecuted by the cartels or crooked cops. it should be used to help those who have testified against these criminals. it should be used for those police or captains that have been targetted for murder. its tough. a lot of people are getting killed, but that doesnt warrant an opening of the flood gates for asylum seekers. just because your town is used as a drug highway does not mean you qualify for asylum.

im sure if it is used as a medium to gain citizenship it will be done the way it has always been done, very strictly.
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