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Monday, December 14, 2009

Drug Money Saved Banks in Global Crisis, Claims UN Advisor

CIA poppy fields in Afghanistan

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.'

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1 comment:

  1. Everybody knows that the only reason US troops are in Afghanistan, is to keep the opium fields in full production. Until we remove all our troops from the middle-east, and do something to solve our problems at home, our reputation in every country is ruined. If I could afford to go anywhere after the damage the neoconservative war/profit-mongers have done to our economy, I would definitely say I was from Canada. I invite you to my pages devoted to raising awareness on these important issues.

    ReplyDelete

Thanks for your comment it is much appreciated.