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Big Banks Launder Hundreds of Billions of Illegal Drug Cartel Money … But Refuse to Provide Services for Legal Marijuana
The big banks have laundered hundreds of billions of dollars for drug cartels. See this, this, this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis).
The HSBC employee who blew the whistle on the banks’ money laundering for terrorists and drug cartels says said: “America is losing the drug war because our banks are [still] financing the cartels“, and “Banks financing drug cartels … affects every single American“.
And see this.)
And yet the banks refuse to provide banking services for LEGAL marijuana in states like Colorado which have blessed the sale of pot.
The Feds are a big part of the problem. After all, they support some ruthless, criminal drug cartels.
On the other hand, the sale of marijuana is still illegal under Federal law pursuant to the Controlled Substances Act, 21 U.S.C. § 801 et seq.
This is true even in California and other states which have allow medical or recreational marijuana. U.S. v. Oakland Cannabis Buyers’ Co-op (2001) 532 U.S. 483 (medical necessity is not an exception to 21 U.S.C., §841(a)(1) governing the federal prohibition against manufacture and distribution of marijuana).
As the New York Times reported in May of 2011:
Marijuana remains illegal under federal law, but that has not stopped a fuzzy industry of marijuana farms and dispensaries from rising to serve the 15 states that allow the drug to be used for medical purposes. Under President Obama, the federal government had seemed to make a point of paying little attention — until now.
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As some states seek to increase regulation but also further protect and institutionalize medical marijuana, federal prosecutors are suddenly asserting themselves, authorizing raids and sending strongly worded letters that have cast new uncertainty on an issue that has long brimmed with tension between federal and state law.
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In Washington, Ms. Gregoire asked for guidance from the state’s two United States attorneys, Mike Ormsby and Jenny Durkan. In a reply to the governor last month, they said the federal government would prosecute “vigorously against individuals and organizations that participate in unlawful manufacturing and distribution activity involving marijuana, even if such activities are permitted under state law.”
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When the Legislature was drafting the bill it passed in its most recent regular session, Mr. Ormsby said, “No one consulted with me about what I thought of what they were going to do and did I think it ran afoul of federal law.”
Of the state’s current medical marijuana law, he added, “We believe, of course, under federal law no part of the state law is legal.”
***
Ms. Smith noted that the 2009 memo “says definitively that distribution continues to be a federal offense.”
Indeed, the federal government appears to be escalating its crackdowns of medical marijuana dispensaries in California.
What hypocrisy …
Postscript: The big banks have also been laundering money for terrorists (the HSBC employee who blew the whistle on the banks’ money laundering for terrorists and drug cartels says that the giant bank is still laundering money, saying: “The public needs to know that money is still being funneled through HSBC to directly buy guns and bullets to kill our soldiers …. Banks financing … terrorists affects every single American.” He also said: “It is disgusting that our banks are STILL financing terror on 9/11 2013“. And see this)
But since the American government has backed the most dangerous and violent Muslim terrorists for decades – in order to “contain” rival Muslim factions – the government is partially to blame for this banking abomination as well.
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No Congress person wants the drug bonanza to end. Think about it. We spend tons on the "Drug War" and then have our CIA import dope by the ton. The money is used for black ops and everybody is happy. NO way do the powers that be want this big party to end.
In a way, the conflicts between federal law enforcement and state law enforcement in cannabis states is a good thing. Think about it. Among the more frightening aspects of local LEOs is their increasing use of military hardware and tactics. We owe much of this to anti-terrorism training facilitated by the feds. So, if the feds won't gift a fancy new armored personnel carrier to the City of Seattle due to Washington's cannibis laws, cannibis will have won another battle. I'd smoke to that.
+1 Excellent point.
RIP Uncle Ted....I know if you were still here we'd have federally funded greenhouses from Nome to Dixon Entrance and C-130's full of pot flying from Ft. Rich to Colorado around the clock.....
What is even more striking is that the governor and state attorneys know nothing about the US Constitution nor do they know nothing about nullification. If they criminalise using any state resources to enforce a federal law that oversteps constitutionally defined powers then what are these clowns worried about? As long as the sale of marijuana stays within the state it doesn't fall under federal jurisdiction. Just like gun sales within the state don't fall under federal jurisdiction. If they US government tries to state that it falls under US government jurisdiction due to the commerce clause, then they could pass legislation that ensures that all goods manufactured or made in (STATE) and all services performed in (STATE), when such goods or services are held, maintained, or retained in (STATE), shall not be subject to the US Federal laws relating to the regulation of commerce. But what's clear is that the politicians are focused on their own potential careers in Washington and not what's best for the state of Washington.
Well the answer is simple. Banks take a 30% cut of cartel money – that covers the risk. Normal banking fees do not cover the risk of dealing with legal marijuana businesses.
http://classicalvalues.com/2014/01/you-have-to-launder-the-money/
Those guys holding all that pot sale money should go down to the local coin store and turn it into gold and silver. Fuck'm
The Mafia doesn't like competition.
"The Tenth Amendment is quite clear."
indeed, it is. and this is exactly why the Feds are backing off directly attacking the States who have "legalized" and are trying an alternative approach to apply the squeeze.
"...this is exactly why the Feds are backing off directly attacking the States ..."
You may be right. Long run, though, the entire country looks to Balkanize as the economy deteriorates. So it may not really matter what tack the "Feds" take. In their desperation for cash, they will (inevitably) overplay their hand.
it does seem that way in the long run. all the more reason for them to have a trans-national currency set up to keep the Control Grid in place if and when that happens.
remember the "Feds" do not need cash per se, they have a printing press. but that printing press is rented on credit with compounded interest payable. and someone's gotta pay that interest due monthly to keep the press running at full speed.
My 1913 two-cents: They will institute a trans-national currency. That will allow them to take possession of an economy and all of its assets in the local currency while maintaining the debt via the trans-national currency.
I.e. In the US, the banksters will own everything in dollars when the economy finally completely implodes. However, they will still keep coming for their pounds of flesh from the debtors in SDRs or whatever.
See Greece for a demonstration.
"Guillotines love themselves some pols and crats, but just go wild over banksters."
The banksters are pretty reprehensible, but there is NO such crime of "laundering."
The criminals of government make it a crime for you to have and/or consume certain plants. They then control what you can do with your own money and assets so as to supposedly "fight" this other crime. But all the while they are using the exorbitant profits of the supposed first crime to fund the CIA, etc., and prop up the banksters. On the other end they have millions of victims rotting in gulags and many others left destitute by "forfeiture."
No, "laundering" laws are just more criminal instruments of plunder.
Time to think right: that fence over there is to keep you in, not to keep them out.
We should all understand this, they are just protecting their narco friends.
Where in the Constitution was the government given the power to ban weeds that it does not like? I do see the 9th and 10th Amendments that say if they aren't given the power in the Constitution, they don't have it and the People and the States do.
I heard one clown say that federal law trumps state law as if it were unassailable fact. No it doesn't. Not at all. The Tenth Amendment is quite clear.
Congress has the right to regulate interstate commerce. THe SCOTUS ruled that growing marijuana plants on your apartment balcony for personal use was "interstate commerce" - I kid you not. Clarence Thomas issued a scathing dissent, stating that if this was interstate commerce that anything could be construed as interstate commerce, essentially giving Congress the power to regulate anything, undermining the very principle that the powers of the Federal Government were limited and ennumerated.
And lets's not forget that nowhere in the constitution is the supreme court given the right to determine if laws are constitutional.
No power to restrict immigration either.
Absolutely!
The 9th. and 10th. are the most important admendments.
When one knows these two admendments, he will see how proposterous and criminal the people of the US government really are.
Time for a little ICD9E978 by the people and for the people.
I see this as a State versus Federal issue, and which branch of government gets to make money off of drugs. Once marijuana becomes legal in a State, the Feds and (Federal) banks don't get their share.
They hate it like Islam. Better that way I say. Better the banks, credit cards, insurance companies, lawyers, medicare, mediCAL, ACA and big pharm just stay away for a while. The healing herb does fine without them.
Very surprising to me....I thought the general idea was to encourage transparency in marijuana accounting, not drive it back underground.
Maybe someone does't like Bayer/GW and their blockbuster drug SATIVEX which is freely available to anybody in Canada.Any Doctor can prescribe it for a muscle relaxant,sex therapy,depression,cancer therapies,et. etc.At 27% THC and with their other powerful natural components mixed in to combine with the THC,she's one hell-of-a buzz.There is one big warning:don't smoke a joint after spraying the SATIVEX under your tongue.(especially BC Big Bud.)
"The sage williambanzai7 said it best: TPTB hate weed because it makes us less consumerist and allows us to think."
Yup. They make money off of what we produce and buy. The more self sufficient one becomes, the more power you sap from them.
You want to win this war? Don't pick up a gun. That's what they want. Instead, sit home for 2 weeks and withdraw your money from their scam banks.
We'll win it without firing a shot.
Never forget, the FED has weaponized money.
It just goes to show you that in America an organized crime cabal is put in charge. They are a self serving total economic waste. Somebody has overthrown certain aspects of your government and they are flaunting their power over people of the world. America has grown very soft against the criminal elite, helping them to traffic weapons to known terrorists. It looks like the White House has lost all moral discretion and merely goes along with the criminal terrorizing of other soverign nations.
It is like they are being black-mailed by the banker cabal. They will take your freedoms and impose a communist Chinese like model to allow control freaks to lord-it-over you. But with these corrupt evil globalist power structures what can you do. Big government want to go around the world murdering people — that is how the sickos get off. They think they are god with their power to murder people. A world of freedom and harmony scares the war-demons and psychopaths.
They are supporting causes they are supposed to defend against. The Empire becomes a Zombie Monster, following a negative agenda against man on Earth. The government is out of control, if it even exists. America is being divided and conquered from within, by the global demons.
They merely represent a power structure of a Step Pyamid Model of Aurthority / Monarch Reign Pyamid Model of Authority which ultimately benefits the NWO Globalite who own the Economic, Educational, Religious and Political Systems which Enslave man.
Their system is one of Debt Bondage and Enslavement. The highly educated intelligent & wealthy owners of the world banking, media, military & major corporations are in control of the world political & economic policies, so morally it doesn't really matter. They deceive, wage wars, killing and impoverish millions of the other 99% human populations, for the New World Order to satisfy their greed & arrogance, all in the name of democracy, freedom & war on terrorism. Does it sound delusional? Not if you are the so called? "God" chosen white western elephants.
There can be no secular solution to a criminal Government, until after there is a moral solution to an immoral society. "And yet the people keep looking to the criminal government and the endless revolving door of egoistic candidates as if it is they who are going to bring about a moral solution. And if, I, for example, dare to intimate that maybe, just maybe, it's up to us, as individuals and a people, to bring about a moral solution, I am tagged by some as blaming the people, not the evil overloads. And thus, we sow and we reap.
The sage williambanzai7 said it best: TPTB hate weed because it makes us less consumerist and allows us to think.
Except for Cheetos, Doritos and those stretchy Bucky-Balls.
Oh,
...and custom glass.
They're all involved in an elaborate scheme based on contrat law & Criminal deceit to Fraud The American People by CONSENT (Black Law's Dictionary) & being an accessory to the deceit & Criminal Fraud by contracting with the Criminal State.
We are "Governed" into a Political, Educational, Religious & Economic UNITED STATES, CORP based on contract law which is based on Criminal Fraud, deceit & illusion.
The Private Corp UNITED STATES, CORP uses the cover of being a functional Government when in reality they are not. Much like the Criminal Federal Reserve uses The "Federal" in their name & use it as cover to give the illusion that they are a branch of the US Government when they are not.
Through bankruptcies, Criminal Contract Fraud & deceit the Charlatans have incrementally incorporated the US as well as your souls (birth cert) which are securitized via the Criminal Federal Reserve through to the IMF.
They're functioning off corporate version of the THE CONSTITUTION. It's the reason why The Global Criminal Oligarch Cabal Bankster Intelligence Crime Syndicate continues to lie, cheat, deceit, rape & pillage with impunity.
The only power the have over you is with CONSENT (Black Law's Dictionary). Pay no Taxes. Peaceful Non-Participation, Non-Compliance & being an accessory into their Criminal system/s based on Criminal Fraud, Debt Bondage & Enslavement.
So the BRICS + Iran are doing a huge end-run around the bankster regime, and so now will the legal marijuana industry. The banksters are becoming more isolated.
So the drug cartels own/run the banks, the banks own/run the govt - so we are ruled by the drug cartels - explains alot.
"The Latin American drug cartels have stretched their tentacles much deeper into our lives than most people believe. It's possible they are calling the shots at all levels of government."
- William Colby, former CIA Director, 1995
We're actually run by The Global Criminal Oilgarch Cabal Bankster Intelligence Crime Syndicate.
AKA, the CIA.
Think broader as per the Karen Hudes interview.
Vatican City controls the Intelligence via the Jesuits.
City of London. Scene of all the Bankster Crimes.
UNITED STATES, CORP. Military Drug running Banker Drug Dealing Money Laudering Capital Of the above.
Quasi-legality is reaching a popular tipping point with the states. The Fed seems to have decided that the best way to deal with it is from the top of the chain down. Instead of fighting an expensive and inefficient battle on thousands of small scale ops they will control the money flow and property. Own a dispensary and need to do something with your receipts? Nope not in this bank. Thinking of leasing your building to a dispensary? Sorry, the Fed dont like that either. And taxes? Check out Harborside Oaklands ongoing court case with the Fed over taxes. Steve DeAngelo paid big lawyer money to cover his ass and is still getting raked over the Fed coals. The Fed Gov will let all the states legalize at this point but wont give up the supremecy rule and will continue to control through both state money and resource withdrawal, legal harassment, physical coercion and violence against private property so they can keep their big dog spot in the international cannabis trade. Finance is the biggest dragnet the Fed can throw on cannabis and thats what they are/will be doing for the forseeable future (IMHO of course) My philosophy is stay small, stay off the radar and dont get greedy.
EDIT And dont sell to clubs. They are complicit with information when the big dog comes barking.
very well stated. agree with the tactical analysis, but would forward an alternative hypothesis as to why the Feds chose this path:
the States who quasi-legalized did so by effectively nullifying Federal Law. if the Feds directly confront the States, then there is an enormous risk that the word NULLIFICATION goes mainstream, along with all that it entails.
this is especially dangerous when people would start to recognize that there is a Very Long List of Federal Laws that can be effectively ignored in the very same manner, the vast majority having absolutely nothing to do with The Herb.
quite funny how the hemp plant so revered by the FFs is the modern gateway to the long-standing battle that has plagued this nation since the day it was founded.
as to your personal strategy, excellent, but perhaps it's even better to not accept Fed Fiat at all, especially since that's their weapon of choice for the moment.
agree with your nullification posit...that is a pandoras box for .gov vis a vis state rights...as for not accepting fiat there is little to be done about that...i/we/you would prefer not to feed the beast and consume fiat but i just cant find anyone who will trade PMs for herb, though i would gladly accept them (if PMs or other hard assets are what u a allude to). Thoughtful reply on your part tip.
But, But, but, that's the story, the fed is retreating. Whatever is planned for primetime is apparently not ready for viewing at this moment. Ever such with the zero admin.
We are doomed! tony bonn can vote..........
Pothead= Peaceful, contemplative, merciful, slow to anger, ANTI WAR.
Drunk= Antagonistic, loud, impulsive and merciless.
(I know, I know, not all drunks are that way, just a thick percentage)
Which type is more useful to the PTB?
How often do we hear of a guy smoking a joint and then shooting a friend in an argument (rare/never)?
And after drinking (often)?
Gee two dumb fucking responses from potheads -- surprise surprise. All potheads are about peace and love ?! (puke). Why don't you look up the rise is violent crimes in Colorado with the new laws. Oh but wait, they must have been drinking after toking to be so violent. And how about them robberies of the dispensaries because of all the cash. But pot smokers are so cool and deep thinkers.
My home invasion a couple of years back because of a dump fucking pothead who needed mo money for his habit contradicts your little puff the magic dragon fantasy world.
Violent cartels are involved in the MJ trade. So they are all peaceful and shit too right. I'm sure all those headless bastards executed by the Cartels in Mexico might disagree.
Enough with this unicorn vision of pot. Cheech and Chong was all bullshit -- you did know that right.
It's like the old saying, there is a reason they call it dope.
-said the alcoholic. Quarrelsome rude, dishonest and angry.
I rest my case.
These rants usually originate with from a couple of sources, DA, cop, DEA, or possibly CIA. You can't know, and it's always the same word cluster, dope, crime, cartels. They are losing their battle to keep their self created jobs of creating criminals, and protecting entrenched economic interests.
Don't sleep on the power hemp either. MJ threatens one group, but massive hemp adoption, hmmm, that threatens a lot of entrenched interests. MJ is a gateway to hemp, and all that stupid stinking weed that grows everywhere in bad soil without irrigation. Henry Ford's first model T was CONSTRUCTED of hemp, and ran on hemp oil. Think about it, the slight of hand.
"...Why don't you look up the rise is violent crimes in Colorado with the new laws."
Indeed. Colorado dispensaries just went on-line (legally) on Jan 1. So in 2 weeks we've not only had a massive increase in pot-related crimes, but offishul statistics to prove it? Really? Amazing.
Uh......how long ago was pot made legal in Colorado?
And already YOU have stats?
The BLS has a job for YOU!!!!
LOL
He sounds like the guy that writes up the stats for AHC.
My home invasion a couple of years back because of a dump fucking pothead who needed mo money for his habit contradicts your little puff the magic dragon fantasy world.
Well it's your own fault. Your asinine attitude toward keeping it illegal creates a lucrative black market of extraordinary profits for the violent cartels. If the pothead didn't have to pay a ridiculously over inflated black market price for his habit, he wouldn't have needed to rob you to pay the violent cartels. Therefore you got what you deserved, dumb ass.
When you have a coherent argument I'd be glad to discuss. Say about 2037?
Gee enlighten all of us. What part of the pot industry is violent and the whole "everybody who smokes pot is about love and peace man" is bullshit argument can't you understand. It is addictive just like booze and prescription drugs etc. Enough with the stoners rulez zen BS. The whole '70's peace and love through ganja chant is old. There are just as many violent crimes tied to pot as booze. And it's an opiate -- by definition an addictive substance. All these stoner's arguing it isn't are delusional -- but no surprise there. All sociopaths justify their behavior. Just ask President Choom as he drone kills innocent children around the world. But, wait, he smokes pot so he should be Anti-war. I thought since he smokes pot and therefore is cool, he wouldn't randomly decimate the bodies of children with drone strikes. Contrary to your arguments, smoking pot doesn't guarantee being kewl.
And are you saying that the cartels aren't killing people in increasing numbers now in the drug trade? Are you that stoned -- well maybe you so here you go http://lmgtfy.com/?q=drug+cartel+cuts+head+off. And the killing of people for the drug trade in Colorado isn't on the rise? Gang bangers across the country(especially in Chicago) aren't murdering wholesale around the pot trade. How about a cogent response to that. Don't give me some condescending zinger because you have no counterpoint other than "smoking pot is cool and people who smoke pot are mellow". Oh and as far as GW's weak friggin banking argument, WHY WOULD the bankers do business with these mooks. They are stoners FFS. And but but but, isn't the whole peace and love social generation about BITCOIN. Who cares about "the man". This whole "bowel movement" of legalizing pot is for revenue, so all the stoners are being played as useful idiots.
Get back to me with a coherent argument after you spent two and a half weeks in ICU with a collapsed lung, 5 stab wounds and 280 stitches from surgery because some punk needed money to buy dope so he felt compelled to invade my home and felt entitled to do so -- but pot smokers aren't violent, I forgot. So with no due respect, go fuck yourself. If you want to argue with me fine, I have no use for stoners but I'm curious, you're on board with the George Soros' of the world on legalizing pot? Sorry, anything he endorses is by definition evil and should be railed against at every opportunity.
Maybe laying off the bong and doing an honest reflection instead of following the FB/TWTR/Snapchat/OFA herd with "legalize pot". And where did you get 2037, are you a victim of lost sense of time http://news.sciencemag.org/2010/07/marijuana-time-warp.
Fuck Colorado and fuck all the legalize pot douches. ... But then again this is the Bitcoin and Pot bitchez generation what should we expect. Unicorns and Puff the Magic Dragon are right in line with the Zeitgeist.