What would the world be like if we didn't have drug cartels and Wachovia bank to keep our fiat currency alive? In July 2007 Mexican drug cartels, under pressure by the US attorney generals office, removed $378,000,000,000 (30% of Mexico's GDP) from the London banks to protect their cash and protest their investigation. Soon after, Wachovia (found guilty of laundering said money, also by the way, owned by Buffett's Berkshire Hathaway) paid a mere $110,000,000 fine. For all you math geeks out there, that's about 0.0029%. And for all you money geeks, that's not a lot of dough (only about 2% of what Wachovia earns every year). Snowy business pays off!
So what happened in August 2007? Say it with us kiddies, The World Credit Crunch!
And what have we learned from this little exercise?
DON'T SAY NO TO DRUGS!
Not unless you like your fiat currency, want to keep your house, want to be employed, etc...
Max Keiser and Stacey Herbert explain it in more detail below. Watch and learn:
WOW, Ive been studying the drug war for along fucking time but I never knew it reached this far.
ReplyDeleteI thought the federal sentencing guidelines and privatized prisons were at the top of the heap of ass fuckings by our government to the people,as well as a host of other atrocities.
A bit of thick bit of video but still, I got the basics.
You opened a whole new realm of info on how I can argue against the war on drugs.
Heres something short to read
http://www.guardian.co.uk/world/2011...de-drugs/print