Drug money saved banks in global crisis, claims UN advisor

[djsynchro]

http://www.guardian.co.uk/global/2009/d ... ief-claims

Nice to know your money helped save the world. As you were.

[Emissary]

these blogs/sites are your friends

http://mikeruppert.blogspot.com/

http://georgewashington2.blogspot.com/

http://ricefarmer.blogspot.com/

http://market-ticker.org/

http://www.globalresearch.ca/

[blakbeltjonez]

drug money has been saving banks for a long, long time.

[djsynchro]

I'll be doing my bit for the economy this weekend then

[derzai]

I'll be doing my bit for the economy this weekend then

Ik zal d'r ook eens eentje opsteke, lekker etnocentrisch.

http://www.youtube.com/watch?v=yjrihaJP ... re=related

[Slightlydelic]

i watched a documntary a few years ago, IIRC they mentioned americas recession in the 80's and how florida was immune to the downturn due to all the drug money.

[oblique strategies]

Excerpt from the book 'The Underground Empire', by James Mills, 1986.

"[Page 3:] The inhabitants of the earth spend more money on illegal drugs than they spend on food. More than they spend on housing, clothes, education, medical care, or any other product or service. The international narcotics industry is the largest growth industry in the world. Its annual revenues exceed half a trillion dollars -- three times the value of all United States currency in circulation, more than the gross national products of all but a half dozen of the major industrialized nations. To imagine the immensity of such wealth consider this: A million dollars in gold would weigh as much as a large man. A half-trillion dollars would weigh more than the entire population of Washington, D.C.

Narcotics industry profits, secretly stockpiled in countries competing for the business, draw interest exceeding $3 million per hour. To what use will this money eventually be put? What will be its ultimate effect?"

[Slightlydelic]

Excerpt from the book 'The Underground Empire', by James Mills, 1986.

"[Page 3:] The inhabitants of the earth spend more money on illegal drugs than they spend on food. More than they spend on housing, clothes, education, medical care, or any other product or service. The international narcotics industry is the largest growth industry in the world. Its annual revenues exceed half a trillion dollars -- three times the value of all United States currency in circulation, more than the gross national products of all but a half dozen of the major industrialized nations. To imagine the immensity of such wealth consider this: A million dollars in gold would weigh as much as a large man. A half-trillion dollars would weigh more than the entire population of Washington, D.C.

Narcotics industry profits, secretly stockpiled in countries competing for the business, draw interest exceeding $3 million per hour. To what use will this money eventually be put? What will be its ultimate effect?"

the governments must be in on it, no country could stand to see that kind of money syphoned off from the legit economy and into the black economy.

[oblique strategies]

Excerpt from the book 'The Underground Empire', by James Mills, 1986.

"[Page 3:] The inhabitants of the earth spend more money on illegal drugs than they spend on food. More than they spend on housing, clothes, education, medical care, or any other product or service. The international narcotics industry is the largest growth industry in the world. Its annual revenues exceed half a trillion dollars -- three times the value of all United States currency in circulation, more than the gross national products of all but a half dozen of the major industrialized nations. To imagine the immensity of such wealth consider this: A million dollars in gold would weigh as much as a large man. A half-trillion dollars would weigh more than the entire population of Washington, D.C.

Narcotics industry profits, secretly stockpiled in countries competing for the business, draw interest exceeding $3 million per hour. To what use will this money eventually be put? What will be its ultimate effect?"

the governments must be in on it, no country could stand to see that kind of money syphoned off from the legit economy and into the black economy.

Perhaps we should just look at the whole thing as one big grey economy...

[ethios4]

the governments must be in on it, no country could stand to see that kind of money syphoned off from the legit economy and into the black economy.

Hmmm, interesting that the US decided to stop wiping out Afghani opium crops in summer 2009, instead trying to pay off farmers to not grow opium.