The “drug war” and wall street drug money laundering are important props for the US dollar. There are fewer and fewer reasons for foreigners to want dollars, but as long as drug-producing regions like afghanistan and colombia are forced to launder money through wall street, dollars will still have some role in world trade.
As many have noted, the U.S. government has – at least at some times in some parts of the world – protected drug operations. (Big American banks also launder money for drug cartels. See this, this, this and this. Indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis. But that’s beyond the scope of this post.)
The U.S. military has openly said that it is protecting Afghani poppy fields:
As Wikiepedia notes:
Opium production in Afghanistan has been on the rise since U.S. occupation started in 2001.
Public Intelligence has published a series of photographs showing American – and U.S.-trained Afghan – troops patrolling poppy fields in Afghanistan. Public Intelligence informs us that all of the photos are in the public domain, and not subject to copyright, and they assured me that I have every right to reproduce them.
We produce these photos and the accompanying descriptions from Public Intelligence without further comment. ….
If a ‘narcodemocracy’ means that the government is completely corrupt, that the government is involved in drugs, that the influence of drug traffickers reaches the top levels of government, then the United States is a ‘narcodemocracy’.”
Michael Levine, 25 year DEA veteran
Author of “The Big White Lie: The CIA and the Cocaine/Crack Epidemic”