I created a new category on this blog for the Drug War because this is now the fourth war we are currently fighting. This war is much different from the wars overseas. In the drug war, we are fighting against our own citizens and their freedoms. Yes illegal drugs are mostly bad and very dangerous to your health. Does that mean we should lock up those who use and sell them and have tax payers foot the bill? Does this make us safer?
The bank formerly known as Wachovia has been accused of laundering 378.4 billion dollars in Mexican drug money since the early 2000’s. The feds took swift and direct action by investigating Wachovia and fining them. Yet the total fine was less than 2% of the bank’s $12.3bn profit for 2009. If this was a drug dealer in Boston, they would be in jail for 15 years. A banking giant is behind one of the biggest money laundering operations in our nation’s history and they get the lightest slap on the wrist. This situation is the embodiment of how our justice works. Poor people get screwed while rich people pay their way to freedom. This finding, however, was only the tip of the iceberg.
According to this article from the Guardian: http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs
At the height of the 2008 banking crisis, Antonio Maria Costa, then head of the United Nations office on drugs and crime, said he had evidence to suggest the proceeds from drugs and crime were “the only liquid investment capital” available to banks on the brink of collapse. “Inter-bank loans were funded by money that originated from the drugs trade,” he said. “There were signs that some banks were rescued that way.”
That’s right folks, your hard-earned tax dollars were given to banks who’s only source of real income was drug money from Mexico. How does that one feel? The drug war is a total fraud. It is a front to milk tax payer dollars from us and then give it to law enforcement agencies and big banks. It is about greed, control and repression. How much more of this do we need to see? Our jails are filled to the brim with non-violent drug offenders. All because of this wicked immoral war on drugs that does nothing but burden our criminal justice system and repress our citizens.
The really sad part about this case is that no journalist from this country discovered what was really going on with Wachovia. It took the Guardian, a foreign paper, to expose the lies and corruption that are rampant in our drug war. The silence of our media on this issue speaks volumes into what kind of society America has morphed into. We no longer care about the truth, we only care about punishment.
I encourage you to read the Guardian article on this subject, it will give you a real insight into how these large banks work and what is really going on behind the scenes. It should scare you into action. Remember we GIVE 1.6 billion every year to Mexico to fight this war and spends billions more trying to fight a war that has been lost for 20 years. When are we going to wake up and try something new?