Quote from: Pinwheel on June 20, 2013, 12:44:31 PM

Quote from: lonestranger on June 20, 2013, 11:56:08 AM

Let us remember, people, that "regulation" means being prevented from engaging in "crimes" that are UNAUTHORIZED. You see, the anti-money laundering laws are intended to keep money flowing TO THE BOYS and no one else. The purpose of such laws is to eliminate competition!

Do you know who Dick Grasso is? He was the head of the New York Stock Exchange. Here is a picture of Big Dick hugging a leader of the FARC guerillas in Colombia in 1999:

Why would the head of the NYSE be in a Colombian jungle hugging up a sweaty gun-toting rebel leader? To make a deal to launder drug money through Wall Street, of course! Big Dick said he was there to invite the rebel leaders up to New York to see capitalism first-hand and if you believe that you are, indeed, a statist tool.

But Big Dick's visit paid off because a few years later we have Wachovia Bank paying a trivial fine for nearly $400 BILLION of drug related money laundering:

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"Criminal proceedings were brought against Wachovia, though not against any individual, but the case never came to court. In March 2010, Wachovia settled the biggest action brought under the US bank secrecy act, through the US district court in Miami. Now that the years deferred prosecution has expired, the bank is in effect in the clear. It paid federal authorities $110m in forfeiture, for allowing transactions later proved to be connected to drug smuggling, and incurred a $50m fine for failing to monitor cash used to ship 22 tons of cocaine."

Did you get that number? FOUR HUNDRED BILLION!!

And then more recently HSBC gets away with laundering more billions of drug cartel money:

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"Senator Elizabeth Warren (Democrat-Massachusetts), has once again revealed the dangerous double standards at the heart of the US justice system. Appearing at the Senate Banking Committee, the former Harvard law professor questioned officials from the US Treasury Department and US Federal Reserve over why criminal charges were not pressed on HSBC or any HSBC official who helped to launder hundreds of millions of dollars for Mexican drug cartels. But just like the last time, she was met with wholly inadequate responses. The impression one got from the Treasury and Fed officials was that some banks are not just too big to fail, they are also too big to prosecute, and too big to jail."

So, when Jennifer Shasky Calvery, Director of FINCEN says THIS:

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"Liberty Reserve operated as an online money transmitter deliberately designed to avoid regulatory scrutiny and tailored its services to illicit actors looking to launder their ill-gotten gains"

we know what's going on, right? She's either too stupid to know what her bosses are up to or she's in league WITH them! I mean how can we pretend that FINCEN is interested in stopping money laundering when they let BILLIONS and BILLIONS get laundered right under their noses?

FINCEN is organized crime with a flag on the wall. So for those who say "let's work with the regulators", you are now negotiating with the most bad-assed, ruthless criminal organization on the planet. What kind of a deal do you think they will cut with you?

thank you very much for taking time and posting it. Drugs money is the only real money what they have in banks.

Thanks for the post, good read. Its amazing just how much money is in the drug economy. People dont realize it, but theres a WHOLE lot of people in this world addicted to drugs.