Flashback 2009: Drug Money Saved Banks in Global Crisis

Via: Guardian:
Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations’ drugs and crime tsar has told the Observer.

Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were “the only liquid investment capital” available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.

http://www.cryptogon.com/?p=45870

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“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
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Flashback 2009: Drug Money Saved Banks in Global Crisis

Flashback 2009: Drug Money Saved Banks in Global Crisis

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