Banks Are “Where the Money Is” In The Drug War

Big Lenders Face Few Hard Consequences for Violating Anti-Money Laundering Laws 

Citigroup, JP Morgan Chase & Co., Wachovia (acquired by Wells Fargo in 2009), HSBC Holdings, ING Bank, Standard Chartered, American Express Bank International, and not a few others, have a common bond beyond ranking among the largest banks in the world.

All have been accused within the past five years (and several this year) of failing to comply with US anti-money laundering laws — thereby enabling, collectively, hundreds of billions of dollars worth of suspicious transactions to move through the banking system absent adequate monitoring or oversight.

Yet not one these banks, nor any of their top executives, has been hit with criminal sanctions. …

Why?  3 reasons I can think of:

  • Laundering the huge trade in “illegal” narcotics via US banks helps maintain the value of the dollar
  • Likewise for participating multinational corporations like Home Depot which ship the drugs while bypassing normal customs controls
  • The drug war is a very effective social control and eugenics mechanism for defusing poverty-driven social unrest while isolating “inferior gene pools” in ghettos and channeling them into prison labor.

The drug war is pure evil.  It only serves the interests of criminals.

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