Posted by: quiscus | April 16, 2012

April 16, 2012

1. “Top Scientists, Government Agencies and Publications Have – For Over 100 Years – Been Terrified of a New Ice Age”

2. “THE LAUNDERING OF DIRTY MONEY: The Real Drug Kingpins are on Wall Street: Tackle the drug problem by seizing the banks

In March 2010, Wachovia was found guilty of having laundered at least $378 billion (yes, billion with a “b”) in drug money from 2004-07 for Mexican drug cartels, the same gangs that have wreaked murder and misery on much of Mexico, leaving more than 40,000 dead. Without money launderers, the big-time drug cartels cannot function.
The majority of people in U.S. jails are there for small-time drug offenses, while the big criminals making millions in drug money get immunity.

In return for its invaluable services to the drug kingpins Wachovia raked in a sizable share of the loot.

Did the Wachovia CEO and his lieutenants know where this river of dirty money was coming from? Obviously, they did. They surely did not think it was from the meager earnings of small farmers or factory workers, or even from legal industries. There could have been only one source for $378 billion—an amount equal to over one-third of Mexico’s gross domestic product.

A June 30, 2010 Bloomberg News article quoted lead federal prosecutor, Jeffrey Sloman: “Wachovia’s blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations.” Martin Woods, the director of Wachovia’s anti-money-laundering unit, quit the bank after Wachovia executives repeatedly ignored his documentation of drug dealers laundering funds through the bank. Woods told Bloomberg, “It’s the banks laundering money for the cartels that finances the tragedy [in Mexico].”

The cartels used some of the laundered money, funneled through a “legitimate” bank, to buy large planes for the transport of hundreds of millions of dollars of cocaine. Some of the funds were laundered through Bank of America, which has long been notorious for the practice.”

3. “Iceland’s President Explains Why The World Needs To Rethink Its Addiction To Finance

“If you want your economy to excel in the 21st century […] a big banking sector, even a very successful banking sector, is bad news. You could even argue that the bigger the banking sector is, the worse the news is for your economy… Europe is and should be more about democracy than about financial markets. Based with this choice, it was in the end, clear that I had to choose democracy.”

4. “Five Reasons Why The Very Rich Have NOT Earned Their Money”


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