Major European and American banks launder money from drug trafficking. Drugs finance the Elite.
The most recent analysis of the drug economy, specifically in the case of Colombia, shows that only 2.6% of the total market value of cocaine produced remains in that country, while an astonishing 97.4% of the profits are collected by criminal mafias from the so-called first world, and are subsequently subjected to a “money laundering” process in the banks of these countries.
The story of who really profits from Colombian cocaine is a metaphor for the disproportionate burden placed on “producing” countries like Colombia by drug prohibition,” said Alejandro Gaviria, one of the study’s authors, when the English edition was released last week. His co-author Daniel Mejia added:
“The system applied by the authorities in drug-consuming countries is aimed at repressing the small distributor, who is the weakest link in the network; they never target the big drug dealers or the financial systems that support them, and that is where the real money is.”
links: Guardian
USA today
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