HomeUncategorizedDrugs, Banks (Bank of America, Wachovia) Big Money ($378.4 Billion) Jail Time? No!

Folks here in the USA go to jail every day for using drugs, possessing drugs and/or selling drugs. There's a lot of money to be made selling drugs and the folks making the real money, for the most part, aren't seeing any jail time.

Remember the 2008/2009  financial crisis? Some folks believe drug money kept the financial system a float. All that money didn't come from the average drug user or dealer.

The Observer
Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime Czar has told the Observer.
Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were “the only liquid investment capital” available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result. Read more.

We know how much money can be made dealing drugs here in Kentucky and how the drug money can influence politicians and judges. All we have to do is take a look at Whitley County, Kentucky Sheriff Lawrence Hodge. Remember the Bluegrass Conspiracy and Andrew C. Thornton II? However, Andrew C. Thornton II is a small fry compared to some of todays banking community like Wachovia.

The bank, now a unit of Wells Fargo, leads a list of firms that have moved dirty money for Mexico’s narcotics cartels–helping a $39 billion trade that has killed more than 22,000 people since 2006. Read more

Banks Financing Mexico Drug Gangs Admitted in Wells Deal

Were talking about big money here. BIG$$$$$$$!!!!!!

Wachovia admitted it didn’t do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007. That’s the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history — a sum equal to one-third of Mexico’s current gross domestic product. Read more.

Drug Money Laundering by U.S. Banks

I suggest every county in Kentucky and maybe the entire USA has corrupt government officials and lawyers making tons of money with the drug trade. It's not hard to understand how they get involved. They get information from folks they arrest for drug related crimes and use that information to develop contacts in the drug world to make money for themselves and then put the person that gave them the information in jail so he/she can't interfere with their money making endeavor. It's a simple plan, but it's taking a heavy toll on America.

Twenty million people in the U.S. regularly use illegal drugs, spurring street crime and wrecking families. Narcotics cost the U.S. economy $215 billion a year — enough to cover health care for 30.9 million Americans — in overburdened courts, prisons and hospitals and lost productivity, the department says. Read more.

The war on drugs? There is no war on drugs. There's just too much money being made by folks in high places to start a war against their cash cow.





Comments are closed.