How Much Of The Federal Debt Is Financed With Drug Money

[KoKo]

?
Joe Weisenthal|Feb. 18, 2009, 4:42 PM|6
Tags: Economy, Investing, Stanford Financial, Fraud, Scandals, SEC, Scams

Allen Stanford forfeited $3 million in drug money back in 1999, and it's a sure thing that within his multi-billion empire he had many more drug dollars under his care. This is true not just of Stanford, but of the whole Caribbean offshore banking complex, as drug dealers are obviously interested in the regulation-light, few-questions-asked private banking system.

Offshore banks, meanwhile, have grown rapidly as major purchasers of US treasuries over the years. As you can see in the chart below, they really spiked in the 04-05 range, right as Japanese holdings leveled off. According this table, Caribbean banks are now the fourth biggest holders of treasuries, having surpassed Brazil and all the oil states combined in just the last year.

So again, how much drug money goes into financing our debt?

And if you doubt the premise of our question, here's famed rapper KRS-One making basically the same point

MORE at.........

http://www.businessinsider.com/is-allen-stanford-a-cia-asset-2009-2

[Greyhound]

1. The economy in toto has been fueled significantly by this false war. n/t

[Esra Star]

2. Not as much as is supplied by arms sales. nt

[KoKo]

3. But doesn't Arm Sales kind of fall into "Drug Smuggling?" It all seems to go together.

Afghanistan, Columbia...Poppies and Opium and Hashish... Drug Lords, Gun Runners, CIA and American Policy = WAR, WAR, WAR!

:shrug:

[Esra Star]

4. I'm sorry to have confused your post.

I was just making the point that the wealth of the US is based on
the sale of death all around the world.
If the US decides not to operate on the "death standard", the economy will have to be re-built
from the bottom up.
The thought is so ugly to Washington, it won't do it voluntarily.