Narco-kleptocracy: Western banks ‘reaping billions from Colombian cocaine trade’

“The vast profits made from drug production and trafficking are overwhelmingly reaped in rich “consuming” countries – principally across Europe and in the US – rather than war-torn “producing” nations such as Colombia and Mexico, new research has revealed. And its authors claim that financial regulators in the west are reluctant to go after western banks in pursuit of the massive amount of drug money being laundered through their systems.

“The most far-reaching and detailed analysis to date of the drug economy in any country – in this case, Colombia – shows that 2.6% of the total street value of cocaine produced remains within the country, while a staggering 97.4% of profits are reaped by criminal syndicates, and laundered by banks, in first-world consuming countries. …”

http://www.guardian.co.uk/world/2012/jun/02/western-banks-colombian-cocaine-trade

Of course it’s the same with the afghan heroin.  I don’t recall seeing any taliban drug pushers hanging out on the street corners around here.

This is why the USA is addicted to the drug war.  It’s become a lifestyle for everyone from  wall street to the cops on the beat to the private prison guards, the social workers who clean up after the broken families, and not least of course the young people whose hopes and aspirations are squandered in the new slave/prisoner culture, where self-abandonment is the new form of rebellion.

This stuff is so fundamental to our economy and culture it should be taught in grade school.   Virtually all street drugs are “government drugs.”

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