Market Ticker Forums
Detailed market commentary at The Market Ticker and Ticker Classics (The Year 2012 In Review)
Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
Rss Icon RSS available You are not signed on; if you are a visitor please register for a free account!
Sponsored Advertising
To remove advertising from your display upgrade to Gold Donor status
Comments on How To Run Drug Money: Be A (Large) Bank
User: Not logged on
Top Forum Top Login Control Panel FAQ Register Logout
Showing Page 2 of 2  First12Last
User Info How To Run Drug Money: Be A (Large) Bank in forum [Market-Ticker]
Throxxofvron
Posts: 10325
Incept: 2009-02-17
Green
Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
Report This As A Bad Post Add To Your Ignored User List
Dirtyshirt: Lots of People.

1. Illegals offered Citizenship in return for Service.

2. Private Mercenary Corps.

3. Prison Inmates offered Parole for Service. ( My those Jails are full of Young Men ).

4. Draftees. ( Obama does want the Youth of America to be Employed now doesn't He? Community Service and all... )


----------
DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
Jlk
Posts: 2314
Incept: 2009-05-24
Green
Philadelphia
Report This As A Bad Post Add To Your Ignored User List
http://pakistantimes.net/2004/01/31/scoo....

Quote:
This year's crop would yield 450 tons of pure heroin.

Let's try to estimate the street value of 450 tons of pure heroin.

The Christian Science Monitor reported on 24 July 2003, "Afghan antinarcotics officials estimate that a kilo of heroin in Afghanistan is worth from $ 5,000 to $ 20,000, but in the international black market the price soars, from $ 70,000 to $ 300,000. The value varies according to quality."

This approximation is somewhat deceptive.

The market price may be from US $ 70,000 to 300,000 but the important factor is that the volume of heroin keeps increasing as it travels from the manufacturer to the user on its tortuous route. Each intermediary handler adds substances according to his fancy from milk powder to quinine to increase the bulk and multiply profits. By the time it reaches the users in their dark alleys, the 450 tons that started from Afghanistan would be no less than 1800 tons. It would fetch a mind-boggling sum of US $ 540 BILLION to the retailers.


$540 billion in sales? To place that in perspective, Microsoft's sales last year were about $40 billion. That's enough to make some friends in high (and low) places, isn't it? Enough to have an impact on the economies of major nations. Enough to move mountains on Wall Street.

It isn't just Wachovia...

http://www.guardian.co.uk/global/2009/de....

Quote:
Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime tsar 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.


Mysterious Blight Destroys Afghan Poppy Harvest

http://www.nytimes.com/2010/05/13/world/....

Quote:
Up to one-third of Afghanistan’s poppy harvest this spring has been destroyed by a mysterious disease, according to estimates revealed Wednesday by United Nations officials


This is probably not a random event, and it could have a big impact on the financial crisis. My guess is that Russia did it. Much of the Afghan opium is sold in Russia (presumably through the Russian mob), and the revenues end up in Western banks. This represents a net transfer of wealth from Russia to the West during a time of stiff competition for capital. There were reports that Putin has warned NATO that he wants this trade to end. See this report.

http://www.reuters.com/article/idUSTRE62....

Marines ignore opium — Taliban's cash crop
Marines fear locals would fight back if they destroyed the lucrative plants


http://www.msnbc.msn.com/id/24489703/ns/....

Quote:
Yet the Marines are not destroying the plants. In fact, they are reassuring villagers the poppies won't be touched. American commanders say the Marines would only alienate people and drive them to take up arms if they eliminated the impoverished Afghans' only source of income.

Only source of income
Many Marines in the field are scratching their heads over the situation.


"It's kind of weird. We're coming over here to fight the Taliban. We see this. We know it's bad. But at the same time we know it's the only way locals can make money," said 1st Lt. Adam Lynch, 27, of Barnstable, Mass.

The Marines' battalion commander, Lt. Col. Anthony Henderson, said in an interview Tuesday that the poppy crop "will come and go" and that his troops can't focus on it when Taliban fighters around Garmser are "terrorizing the people."


US Military Secures Afghan Opium Harvest

http://rockcreekfreepress.tumblr.com/pos....

Smacktle
Posts: 1362
Incept: 2009-01-20
Green
Texas
Online
Report This As A Bad Post Add To Your Ignored User List
Why don't we just go ahead and legalize everything? Get it over with.

----------
The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
Mcwoodlands
Posts: 2
Incept: 2010-06-18

Report This As A Bad Post Add To Your Ignored User List
Your definition of OCCE would appear, on its face, to apply to Congress.
Yaldor
Posts: 2687
Incept: 2008-05-17

Report This As A Bad Post Add To Your Ignored User List
I can't watch this video. it makes me angry again as I was in Sep-Nov 2008 .

Karl you were right long long ago - yet no one paid for the biggest bank robery in history.

----------
For every crash the probability of someone showing that he predicted it is near 1 .

For every prediction of an imminent crash the probability of it being correct is almost zero
Otiswild
Posts: 5627
Incept: 2009-03-09
Green
Inside you, the force is!
Report This As A Bad Post Add To Your Ignored User List
Fijiaaron
Posts: 96
Incept: 2009-11-30

Bellevue, WA
Banned
Report This As A Bad Post Add To Your Ignored User List
Why is Wachovia / Wells Fargo being singled out? They're not the bank that pressed for no-doc lending specifically targeting illegal aliens (that would be Bank of America.) The easiest way to launder money is give someone a credit card without their name on it.

You can't buy 4 planes on a credit card, and I don't want to single out BofA either. But this smells like a hit job. Wachovia's fall was a hit job, as was Washington Mutual's. They were no more or less solvent than any other bank, they were just less politically connected.

Just like Enron lost a political battle with GE over California's energy utilities. And Worldcom and Tyco.

I wonder which political party Lehman Brothers and Bear Stears were more closely affiliated with, or if they were less politically involved than, say Goldman Sachs.
Bluestem
Posts: 40
Incept: 2008-09-07

Illinois
Report This As A Bad Post Add To Your Ignored User List
They should be indicted as accessories to murder:

"Top Story — A leading gubernatorial candidate in Mexico’s Tamaulipas state was killed Monday morning on his way to a series of campaign rallies.
Rodolfo Torre Cantú, 46, was killed along with at least four supporters when gunmen opened fire on his motorcade, which was on its way to a campaign event.
Torre’s death marks an up-turn in violence leading up to Mexico’s July 4 elections, as a mayoral candidate and a get-the-vote-out activist were recently killed and explosives have been thrown at two separate campaign offices.
Torre was a candidate for the Institutional Revolutionary Party (PRI) and Mexico’s Interior Secretary Fernando Gómez-Mont alleged that his murder was committed by one of the country’s drug cartels.
“We cannot permit these kinds of acts that affect the peace and security of Mexicans,” Gómez-Mont said, according to The New York Times. “We repeat our vow to fight organized crime in all its aspects.”
Mexican President Felipe Calderón also blamed Torre’s death on the drug cartels and called it a “cowardly assassination,” after he held an emergency meeting with his security cabinet.
Torre’s murder has been the most high-profile death in the run-up to Sunday’s elections, but there have been reports of other candidates being threatened by the drug cartels and some candidates have withdrawn from their races."

http://latindispatch.com/2010/06/29/mexi....
Bjonsson
Posts: 349
Incept: 2010-03-10
Gold
California
Online
Report This As A Bad Post Add To Your Ignored User List
We've been in bed with the drug lords for decades if not longer. Recall the insurgencies that we supported in Central America in the 1980s, for example. Needing a discreet infrastructure out of which to fund and give operational support to the various paramilitaries the US was supporting, we partnered with drug traffickers in a mutually beneficial arrangement. We use their infrastructure, in return for "looking the other way" on their activities.

Doing some googling on the "John Hull Ranch" in Costa Rica will result in a number of documented examples of one such operation.

The controversy comes into the picture when accusations were revealed that our operatives in Central America weren't just "looking the other way", but were actually involved with the narcotics trade and were profiting from it.

The accusations were substantial enough for, as an example, Oliver North to be indicted in Costa Rica as a drug runner. To this day Col North is forbidden to enter Costa Rica. North's OWN NOTEBOOKS admitted involvement with traffickers, and financial gain from the activities, but his US indictments were vacated and he was given immunity in exchange for testimony in front of the Iran Contra Congressional hearings.

Our relations with Manuel Noriega were rumored by some to be similarly commingled with narcotics trade.

Glasshammer
Posts: 260
Incept: 2009-09-02

Report This As A Bad Post Add To Your Ignored User List
Speaking of banks check out Citi's stock this afternoon. (looks like someone had a flash crash)
Throxxofvron
Posts: 10325
Incept: 2009-02-17
Green
Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
Report This As A Bad Post Add To Your Ignored User List
All the Drug Money was suddenly all at once withdrawn to purchase thousands of new AK47s and a giant plane load of tiny little zip-lock baggies.

----------
DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
Poer
Posts: 1388
Incept: 2008-09-28
Silver
'Eppur si muove!'
Report This As A Bad Post Add To Your Ignored User List
Bjonsson- Yep- I met a treetop flyer once (known to fly drugs under radar)
He was an American who told me he was assigned to Manuel Noriega as his personal pilot. He knew too much to be making up the stories about this guy- and how much of a wacked out hedonist he was.

----------
"The degree to which a man substitutes the judgment of others for his own, failing to look at reality directly, is the degree to which his mental processes are alienated from reality." Nathaniel Branden in Ayn Rands 'Capitalism The Unknown Ideal'
Jotapay
Posts: 16733
Incept: 2008-08-26
Silver
Austin, Tx
Online
Report This As A Bad Post Add To Your Ignored User List
Otis, I love the Scarface quote. Art imitates life there. It's damned accurate. You can watch the "Cocaine Cowboys" documentaries where they interview the Columbian and Oakland drug dealers to see how the product is imported, distributed and sold. There is no direct tie to bankers in those docs, but there are other MSM articles like in the OP that do.

http://rapid.org/board/showpost.php?p=53....
Jstanley01
Posts: 8182
Incept: 2008-07-30
Silver A True American Patriot!
San Antonio, Texas
Report This As A Bad Post Add To Your Ignored User List
Throx wrote..
Consider that the Drug Gangs are in effect Business Partners of the Banks.
So the cartels are now too big to fail. smiley

----------
You can't cheat an honest man. ~P.T. Barnum
Sharon
Posts: 4352
Incept: 2008-02-10
Green
Odessa, Missouri
Report This As A Bad Post Add To Your Ignored User List
Quote:
The whole gig has to be close to ending.


Nock maintained that the State would disappear when people stopped believing in it, so we're on the right track here. That would be something to see. I can't help but wonder what it would look like.

Cops would be universally scorned and laughed at for the stooges they are. Restaurants would contemptuously refuse service to politicians and bankers, pointing out the "We reserve the right to refuse service to anyone" sign. (All restuarants used to have one; Blacks knew what it meant.) Soldiers would turn their weapons on their commanding officers.

Everyone would put up signs saying, "Bankers go around to the back."

What are the chances?

The exposés of government and financial criminality should be even more damaging to these institutions than the exposés of child-molesting in the Catholic Church. After all, I suppose child-molesting is not what the Church is for--not saying that this is my final word on that, however. The same cannot be said for government and finance: Criminality is what they're for.

----------
Semper ubi sub ubi.

Macfly
Posts: 1454
Incept: 2007-10-05

Report This As A Bad Post Add To Your Ignored User List
ive mentioned it before but check out youtubes of a guy named chip tatum. pretty interesting. if he is lying then he is a damned good actor and if not then we are in for some serious problems. much of what he says seems to be backed up by various reports and russ bakers book, Family of Secrets.

----------
Mishkin: Do not look into the bag... When you realize what's in the bag, you will realize the dollar is toast. Do not audit the Fed and force us to show what's in the bag. Be warned. Some secrets are best kept in the closet.
Joe Q Public: Mishkin, STFU. Truth wins out eventually. -stuart on ZH
Jake3463
Posts: 769
Incept: 2010-03-06
Green
Allentown
Report This As A Bad Post Add To Your Ignored User List
I wish the old company I worked for 4 years ago was aware of this, we wouldn't have had to invest all that money into an infrastructure program to know our customers to prevent money laundering for a Life Insurance and Annuity company to prevent money laundering. Of course, the tax documents we were required to collect for these products probably made us more secure than the banking sector to begin with.

Photopro
Posts: 638
Incept: 2008-03-18
Green
Banned for spam signature
Banned
Report This As A Bad Post Add To Your Ignored User List
Jotapay - That Geraldo bit is Propaganda BS. When the Taliban gained control in Afghanistan they banned the growing of the Poppy plants. It wasn't until we invaded and ran the Taliban out until the Growing of the Poppy's resumed.

----------
Jotapay
Posts: 16733
Incept: 2008-08-26
Silver
Austin, Tx
Online
Report This As A Bad Post Add To Your Ignored User List
Quote:
Jotapay - That Geraldo bit is Propaganda BS. When the Taliban gained control in Afghanistan they banned the growing of the Poppy plants. It wasn't until we invaded and ran the Taliban out until the Growing of the Poppy's resumed.


How are the underlying facts BS?
Photopro
Posts: 638
Incept: 2008-03-18
Green
Banned for spam signature
Banned
Report This As A Bad Post Add To Your Ignored User List
Oh I'm not saying the underlying facts are wrong. I'm just pointing out that Geraldo along with the MSM are trying to say that "we have to protect the Poppy Farmers from the Taliban" is BS propaganda. When actually our soldiers are there to protect Drug Profits

It never changes, Oil, Minerals, Drugs, its all Blood for Money

----------
Login Register Top Blog Top Blog Topics FAQ
Showing Page 2 of 2  First12Last